Alert: Negative Investment/Fundamental Signals (6/17/24)-B&G Foods Inc (NYSE: BGS)


Important negative changes in fundamentals have recently occurred for B&G Foods Inc (NYSE: BGS): the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.

B&G Foods Inc (NYSE: BGS) has recently experienced significant negative changes in investment behavior: negative upside/downside volume developed.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

BGS is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.

B&G Foods has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. B&G Foods has a slightly positive Appreciation Score of 61 and a neutral Power Rating of 46, leading to the Neutral Value Trend Rating.

Recent Price Action

B&G Foods Inc (NYSE: BGS) stock closed at $8.34 on 6/17/24 after a slight decline of -0.6%. However, this decline was accompanied by below average trading volume at 81% of normal. The stock has performed in line with the market over the last nine months and has declined -10.8% during the last week.

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