B&G FoodsBGS
Market Cap: $689M
About: B&G Foods Inc is an American packaged-food manufacturer. It operate in a single industry segment and manufacture, sell and distribute a diverse portfolio of high-quality shelf-stable and frozen foods across the United States, Canada and Puerto Rico. Its products include frozen and canned vegetables, vegetable, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, The company's main brands are Ac'cent, B&G, B&M, Baker's Joy, Bear Creek Country Kitchens, Cary's, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Durkee, Emeril's, Grandma's Molasses, MacDonald's.
Employees: 2,924
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
6% less repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 84
5% less funds holding
Funds holding: 251 [Q1] → 239 (-12) [Q2]
5.85% less ownership
Funds ownership: 70.41% [Q1] → 64.56% (-5.85%) [Q2]
26% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 47
35% less capital invested
Capital invested by funds: $638M [Q1] → $413M (-$226M) [Q2]
52% less call options, than puts
Call options by funds: $11.7M | Put options by funds: $24.3M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
RBC Capital Nik Modi 58% 1-year accuracy 22 / 38 met price target | 15%upside $10 | Sector Perform Reiterated | 7 Aug 2024 |
Barclays Brandt Montour 44% 1-year accuracy 24 / 54 met price target | 8%downside $8 | Equal-Weight Maintained | 19 Jul 2024 |
Piper Sandler Michael Lavery 67% 1-year accuracy 20 / 30 met price target | 8%downside $8 | Neutral Maintained | 11 Jul 2024 |
Financial journalist opinion
Based on 3 articles about BGS published over the past 30 days