B&G Foods, Inc. manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico. The company's products include frozen and canned vegetables, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegars, maple syrups, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, baking powder and soda, corn starch, cookies and crackers, nut clusters, and other specialty products. It markets its products under various brands, including Ac'cent, B&G, B&M, Back to Nature, Baker's Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Cary's, Clabber Girl, Cream of Rice, Cream of Wheat, Crisco, Dash, Davis, Devonsheer, Don Pepino, Durkee, Emeril's, Farmwise, Grandma's Molasses, Green Giant, JJ Flats, Joan of Arc, Las Palmas, Le Sueur, MacDonald's, Mama Mary's, Maple Grove Farms of Vermont, McCann's, Molly McButter, New York Flatbreads, New York Style, Old London, Ortega, Polaner, Red Devil, Regina, Rumford, Sa-són, Sclafani, SnackWell's, Spice Islands, Spring Tree, Sugar Twin, Tone's, Trappey's, TrueNorth, Underwood, Vermont Maid, Victoria, and Weber and Wright's. The company also sells, markets, and distributes household products under the Static Guard brand. It sells and distributes its products directly, as well as through a network of independent brokers and distributors to supermarket chains, food service outlets, mass merchants, warehouse clubs, non-food outlets, and specialty distributors. The company was formerly known as B&G Foods Holdings Corp. and changed its name to B&G Foods, Inc. in October 2004. B&G Foods, Inc. was founded in 1822 and is headquartered in Parsippany, New Jersey.
IPO Year:
Exchange: NYSE
Website: bgfoods.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/16/2024 | $9.00 | Underweight → Neutral | Piper Sandler |
| 10/4/2023 | $14.00 → $8.00 | Neutral → Underweight | Piper Sandler |
| 9/13/2023 | $10.00 | Underperform | TD Cowen |
| 12/1/2022 | $9.00 | Equal Weight → Underweight | Consumer Edge Research |
| 6/14/2022 | $25.00 → $23.00 | Underweight → Neutral | Piper Sandler |
| 3/2/2022 | $27.00 → $26.00 | Underperform | Credit Suisse |
| 11/5/2021 | $27.00 | Neutral → Underweight | Piper Sandler |
B&G Foods, Inc. (NYSE:BGS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.19 per share of common stock. The dividend is payable on January 30, 2025 to stockholders of record as of December 31, 2024. At the closing market price of the common stock on October 29, 2024, the current dividend rate represents an annualized yield of 8.6%. This is the 81st consecutive quarterly dividend declared by the Board of Directors since B&G Foods' initial public offering in October 2004. About B&G Foods, Inc. Based in Parsippany, New Jersey, B&G Foods and its subsidiaries manufacture, sell and distribute high-quality, branded shelf-stable and frozen foods
B&G Foods, Inc. (NYSE:BGS) announced today that it intends to issue a press release with third quarter 2024 financial results after the market close on Tuesday, November 5, 2024. B&G Foods has scheduled a conference call at 4:30 p.m. ET that same day to discuss the results. Hosting the call will be Casey Keller, President and Chief Executive Officer and Bruce Wacha, Executive Vice President of Finance and Chief Financial Officer. The earnings press release and live audio webcast of the conference call can be accessed at www.bgfoods.com/investor-relations. A replay of the webcast will be available following the conference call through the same link. About B&G Foods, Inc. Based in Parsippa
B&G Foods, Inc. (NYSE:BGS), announced today that it has issued a notice of redemption for all $265,392,000 remaining aggregate principal amount of its outstanding 5.25% senior notes due 2025 at a cash redemption price of 100.0% of the principal amount of the notes being redeemed, plus accrued and unpaid interest on such amount, to, but excluding, the redemption date of October 9, 2024. B&G Foods plans to fund the redemption with revolving loans under its existing credit facility together with cash on hand. Interest on the redeemed notes will cease to accrue on and after October 9, 2024. The only remaining right of the holders of the redeemed notes will be to receive payment of the redempti
B&G Foods, Inc. (NYSE:BGS) today announced that it will participate at the Barclays Global Consumer Staples Conference on Wednesday, September 4, 2024 in Boston, MA. The fireside chat will begin at 11:15 a.m. Eastern Time. Investors and interested parties may listen to a live webcast of the session by visiting the investor relations section of B&G Foods' website at www.bgfoods.com/investor-relations at the appropriate time. A replay of the webcast will be available following the conclusion of the event. About B&G Foods, Inc. Based in Parsippany, New Jersey, B&G Foods and its subsidiaries manufacture, sell and distribute high-quality, branded shelf-stable and frozen foods across the United
B&G Foods, Inc. (NYSE:BGS) today announced financial results for the second quarter and first two quarters of 2024. Financial results for the second quarter and first two quarters of 2024 reflect the impact of the Green Giant U.S. shelf-stable divestiture during the fourth quarter of 2023. Summary Second Quarter of 2024 First Two Quarters of 2024 (In millions, except per share data) Change vs. Change vs. Amount Q2 2023 Amount First 2Q 2023 Net Sales $ 444.6 (5.3 )% $
B&G Foods, Inc. (NYSE:BGS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.19 per share of common stock. The dividend is payable on October 30, 2024 to stockholders of record as of September 30, 2024. At the closing market price of the common stock on July 30, 2024, the current dividend rate represents an annualized yield of 8.8%. This is the 80th consecutive quarterly dividend declared by the Board of Directors since B&G Foods' initial public offering in October 2004. About B&G Foods, Inc. Based in Parsippany, New Jersey, B&G Foods and its subsidiaries manufacture, sell and distribute high-quality, branded shelf-stable and frozen foods
B&G Foods, Inc. (NYSE:BGS) announced today that it intends to issue a press release with second quarter 2024 financial results after the market close on Tuesday, August 6, 2024. B&G Foods has scheduled a conference call at 4:30 p.m. ET that same day to discuss the results. Hosting the call will be Casey Keller, President and Chief Executive Officer and Bruce Wacha, Executive Vice President of Finance and Chief Financial Officer. The earnings press release and live audio webcast of the conference call can be accessed at www.bgfoods.com/investor-relations. A replay of the webcast will be available following the conference call through the same link. About B&G Foods, Inc. Based in Parsip
B&G Foods, Inc. (NYSE:BGS) announced today that it has completed its previously announced tack-on offering of 8.000% senior secured notes due 2028 and credit agreement refinancing. Closing of Tack-on Offering of Senior Secured Notes On July 12, 2024, B&G Foods completed its offering of an additional $250.0 million aggregate principal amount of 8.000% senior secured notes due 2028 in a transaction exempt from registration under the Securities Act of 1933, as amended. The new senior secured notes were issued at a price of 100.5% of their face value plus accrued and unpaid interest from March 15, 2024 to, but excluding, the closing date. The new senior secured notes constitute an additiona
The authority in all things pickle created the summer's must-have pickleball bag with an NYC leather legend NEW YORK, July 9, 2024 /PRNewswire/ -- B&G Foods, in collaboration with Made by Alex, announced today the exciting launch of the B&G® Pickleball Bag x Made by Alex, a pickleball bag designed for handbag, pickle and pickleball enthusiasts alike. The B&G® brand, originally known as Bloch & Guggenheimer®, originated in the streets of New York City in 1889, and its pickles, peppers, relishes, olives, sauerkraut and other specialty items have set the standard for New York taste for more than 135 years. https://madebyalexnyc
— Provides Update Regarding Proposed Credit Agreement Refinancing — B&G Foods, Inc. (NYSE:BGS) announced today the pricing of an offering of an additional $250.0 million aggregate principal amount of 8.000% senior secured notes due 2028 in a transaction exempt from registration under the Securities Act of 1933, as amended. The new senior secured notes are being issued at a price of 100.5% plus accrued and unpaid interest from March 15, 2024 to, but excluding, the closing date. The offering, which has been upsized from the previously announced aggregate principal amount of $100.0 million, is expected to close on July 12, 2024, subject to customary closing conditions. In connection with t
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Piper Sandler upgraded B&G Foods from Underweight to Neutral and set a new price target of $9.00
Piper Sandler downgraded B&G Foods from Neutral to Underweight and set a new price target of $8.00 from $14.00 previously
TD Cowen initiated coverage of B&G Foods with a rating of Underperform and set a new price target of $10.00
Consumer Edge Research downgraded B&G Foods from Equal Weight to Underweight and set a new price target of $9.00
Piper Sandler upgraded B&G Foods from Underweight to Neutral and set a new price target of $23.00 from $25.00 previously
Credit Suisse reiterated coverage of B&G Foods with a rating of Underperform and set a new price target of $26.00 from $27.00 previously
Piper Sandler downgraded B&G Foods from Neutral to Underweight and set a new price target of $27.00
Piper Sandler downgraded B&G Foods from Overweight to Neutral and set a new price target of $31.00
Royal Bank of Canada reiterated coverage of B&G Foods with a rating of and set a new price target of $29.00 from $32.00 previously
WYOMISSING, Pa., April 24, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) (the "Company"), announced today that Debra Martin Chase has been appointed to the Board of Directors as a new independent director, effective immediately, to fill the vacancy created by the previously disclosed passing of JoAnne A. Epps. The appointment of Ms. Chase to the Board of Directors brings the total number of directors to eight, seven of whom are considered independent according to the listing standards of the Nasdaq Stock Exchange. Ms. Chase has also been appointed as a member of the Nominating and Corporate Governance Committee of the Board of Directors, effective immediately.
ONTARIO, Calif., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Heritage Grocers Group ("Heritage" or "HGG"), one of the leading Hispanic food retailers in the country, is pleased to announce it has named DeAnn Brunts as a member of its Board of Directors, effective immediately. With more than 30 years of executive experience in operational, strategic and financial management, Ms. Brunts is a seasoned expert in risk management and governance. Previously, she served as Chief Financial Officer of Benson Hill, Inc. (NYSE:BHIL) in addition to numerous Chief Financial Officer and Business Unit Leader roles across the retail, food, consumer goods, manufacturing, distribution and service industries for both
B&G Foods, Inc. (NYSE:BGS) announced that effective today it has hired Andrew Vogel as Executive Vice President and President of Meals. As a member of B&G Foods' executive leadership team, Mr. Vogel will report directly to Casey Keller, President and Chief Executive Officer. As previously announced, B&G Foods is transitioning to a business unit structure and has formed four business units to establish clear focus and expectations and to drive organic and acquisition growth. The Meals business unit, which represents approximately 22% of B&G Foods' net sales, includes, among others, the Ortega, Maple Grove Farms, Cream of Wheat, Victoria, Las Palmas, Mama Mary's, Spring Tree, McCann's, Carey
B&G Foods, Inc. (NYSE:BGS) announced today the formation of four business units and senior leadership appointments to establish clear focus and expectations and drive organic and acquisition growth. The four newly created business units are: Spices & Seasonings — representing approximately 18% of B&G Foods' net sales, Spices & Seasonings will include, among others, the Dash, Weber, Spice Islands, Tone's, Ac'cent, Trappey's, Durkee and Wright's brands. Meals — representing approximately 22% of B&G Foods' net sales, Meals will include, among others, the Ortega, Maple Grove Farms, Cream of Wheat, Victoria, Las Palmas, Mama Mary's, Spring Tree, McCann's, Carey's and Vermont Maid brands.
ORRVILLE, Ohio, Dec. 1, 2020 /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) announced today the closing of the transaction to sell its Crisco® oils and shortening business to B&G Foods, Inc. for $550 million, subject to a working capital adjustment. The Company previously announced the signing of a definitive agreement to divest its Crisco® business on October 26, 2020. The transaction encompasses oils and shortening products sold under the Crisco® brand primarily in the U.S. and Canada, certain trademarks and licensing agreements, dedicated manufacturing and warehouse facilities located in Cincinnati, Ohio, and approximately 160 employees who support the Crisco® business. The business
B&G Foods, Inc. (NYSE:BGS) announced today that it intends to issue a press release with third quarter 2024 financial results after the market close on Tuesday, November 5, 2024. B&G Foods has scheduled a conference call at 4:30 p.m. ET that same day to discuss the results. Hosting the call will be Casey Keller, President and Chief Executive Officer and Bruce Wacha, Executive Vice President of Finance and Chief Financial Officer. The earnings press release and live audio webcast of the conference call can be accessed at www.bgfoods.com/investor-relations. A replay of the webcast will be available following the conference call through the same link. About B&G Foods, Inc. Based in Parsippa
B&G Foods, Inc. (NYSE:BGS) today announced financial results for the second quarter and first two quarters of 2024. Financial results for the second quarter and first two quarters of 2024 reflect the impact of the Green Giant U.S. shelf-stable divestiture during the fourth quarter of 2023. Summary Second Quarter of 2024 First Two Quarters of 2024 (In millions, except per share data) Change vs. Change vs. Amount Q2 2023 Amount First 2Q 2023 Net Sales $ 444.6 (5.3 )% $
B&G Foods, Inc. (NYSE:BGS) announced today that it intends to issue a press release with second quarter 2024 financial results after the market close on Tuesday, August 6, 2024. B&G Foods has scheduled a conference call at 4:30 p.m. ET that same day to discuss the results. Hosting the call will be Casey Keller, President and Chief Executive Officer and Bruce Wacha, Executive Vice President of Finance and Chief Financial Officer. The earnings press release and live audio webcast of the conference call can be accessed at www.bgfoods.com/investor-relations. A replay of the webcast will be available following the conference call through the same link. About B&G Foods, Inc. Based in Parsip
B&G Foods, Inc. (NYSE:BGS) today announced financial results for the first quarter of 2024. Financial results for the first quarter of 2024 reflect the impact of the Green Giant U.S. shelf‑stable divestiture during the fourth quarter of 2023. Summary First Quarter of 2024 (In millions, except per share data) Change vs. Amount Q1 2023 Net Sales $ 475.2 (7.1 )% Base Business Net Sales 1 $ 475.3 (4.4 )% Diluted EPS $ (
B&G Foods, Inc. (NYSE:BGS) announced today that it intends to issue a press release with first quarter 2024 financial results after the market close on Wednesday, May 8, 2024. B&G Foods has scheduled a conference call at 4:30 p.m. ET that same day to discuss the results. Hosting the call will be Casey Keller, President and Chief Executive Officer and Bruce Wacha, Executive Vice President of Finance and Chief Financial Officer. The earnings press release and live audio webcast of the conference call can be accessed at www.bgfoods.com/investor-relations. A replay of the webcast will be available following the conference call through the same link. About B&G Foods, Inc. Based in Parsippa
— Net Cash Provided by Operating Activities Increased by $241.8 Million for Full Year 2023 — — Principal Amount of Long-Term Debt Decreased by $340.1 Million During Full Year 2023 — B&G Foods, Inc. (NYSE:BGS) today announced financial results for the fourth quarter and full year 2023. Financial results for the fourth quarter and full year 2023 reflect the impact of the Back to Nature divestiture on the first day of fiscal 2023 and the Green Giant U.S. shelf‑stable divestiture during the fourth quarter of 2023. Summary Fourth Quarter of 2023 Fiscal Year 2023 (In millions, except per share data) Change vs.
B&G Foods, Inc. (NYSE:BGS) today explained the tax treatment for dividends paid in 2023 on the Company's common stock. Holders are urged to check their 2023 tax statements received from brokerage firms in order to ensure that the cash distribution information reported on such statements conforms to the information reported herein. Additional information concerning the tax treatment of dividends paid in 2023 is posted to the Investors section of B&G Foods' website, www.bgfoods.com, under the headings "FAQs" and "IRS Form 8937." Holders are also urged to consult their own tax advisors to determine their individual tax treatment. In 2023, B&G Foods distributed $0.76000 per share of common
B&G Foods, Inc. (NYSE:BGS) announced today that it intends to issue a press release with fourth quarter and fiscal year 2023 financial results after the market close on Tuesday, February 27, 2024. B&G Foods has scheduled a conference call at 4:30 p.m. ET that same day to discuss the results. Hosting the call will be Casey Keller, President and Chief Executive Officer and Bruce Wacha, Executive Vice President of Finance and Chief Financial Officer. The earnings press release and live audio webcast of the conference call can be accessed at www.bgfoods.com/investor-relations. A replay of the webcast will be available following the conference call through the same link. About B&G Foods, Inc
B&G Foods, Inc. (NYSE:BGS) today announced financial results for the third quarter and first three quarters of 2023. Summary Third Quarter of 2023 First Three Quarters of 2023 (In millions, except per share data) Change vs. Change vs. Amount Q3 2022 Amount First 3Q 2022 Net Sales $ 502.7 (4.9 )% $ 1,484.2 (3.6 )% Base Business Net Sa
B&G Foods, Inc. (NYSE:BGS) announced today that it intends to issue a press release with third quarter 2023 financial results after the market close on Wednesday, November 8, 2023. B&G Foods has scheduled a conference call at 4:30 p.m. ET that same day to discuss the results. Hosting the call will be Casey Keller, President and Chief Executive Officer and Bruce Wacha, Executive Vice President of Finance and Chief Financial Officer. The earnings press release and live audio webcast of the conference call can be accessed at www.bgfoods.com/investor-relations. A replay of the webcast will be available following the conference call through the same link. About B&G Foods, Inc. Based in Par
Barclays analyst Brandt Montour maintains B&G Foods (NYSE:BGS) with a Equal-Weight and lowers the price target from $10 to $8.
Piper Sandler analyst Michael Lavery maintains B&G Foods (NYSE:BGS) with a Neutral and lowers the price target from $9 to $8.
B&G Foods, Inc. (NYSE:BGS) announced today the pricing of an offering of an additional $250.0 million aggregate principal amount of 8.000% senior secured notes due 2028 in a transaction exempt from registration under the Securities Act of 1933, as amended. The new senior secured notes are being issued at a price of 100.5% plus accrued and unpaid interest from March 15, 2024 to, but excluding, the closing date. The offering, which has been upsized from the previously announced aggregate principal amount of $100.0 million, is expected to close on July 12, 2024, subject to customary closing conditions. In connection with the upsizing of the offering, B&G Foods expects to reduce the size of its
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer staples sector. B&G Foods, Inc. (NYSE:BGS) Dividend Yield: 9.06% Piper Sandler analyst Michael Lavery upgraded the stock from Underweight t
B&G Foods plans to use the proceeds of the tranche B term loans to refinance the existing tranche B term loans and repay a portion of B&G Foods' existing revolving loans. B&G Foods also plans to decrease the size of the revolver capacity and extend the maturity date of its existing revolving credit facility.
B&G Foods's (NYSE:BGS) short percent of float has risen 20.4% since its last report. The company recently reported that it has 7.73 million shares sold short, which is 14.34% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.47 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is i
Piper Sandler analyst Michael Lavery upgrades B&G Foods (NYSE:BGS) from Underweight to Neutral and maintains the price target from $9 to $9.
Shares of Bolt Biotherapeutics, Inc. (NASDAQ:BOLT) fell sharply during Wednesday's session after the company reported first-quarter financial results. Bolt Biotherapeutics posted a GAAP loss of 28 cents per share on sales of $5.30 million, according to data from Benzinga Pro. Also, Guggenheim analyst Michael Schmidt downgraded Bolt Biotherapeutics from Buy to Neutral, while Stifel analyst Stephen Willey downgraded the stock from Buy to Hold and lowered the price target from $6 to $1.5. Bolt Biotherapeutics shares dipped 34.4% to $0.8652 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers AERWINS Technologies Inc. (NASDAQ:AWIN) shares surged
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Shares of Duolingo, Inc. (NASDAQ:DUOL) fell sharply during Thursday's session after the company reported first quarter financial results. Duolingo reported quarterly earnings of 57 cents per share which beat the analyst consensus estimate of 27 cents by 111.11%. Quarterly sales came in at $167.6 million which beat the analyst consensus estimate of $165.677 million and is a 44.91% increase from the same period last year, according to data from Benzinga Pro. Duolingo sees second-quarter revenues of between $175 million and $177.5 million, versus the $176.9 million estimate and full-year 2024 revenues of between $726.5 million and $735.5 million, versus the $728.23 million estimate. Du