B&G Foods, Inc. (BGS) To Go Ex-Dividend on June 30th

B&G Foods, Inc. (NYSE:BGS) declared a quarterly dividend on Tuesday, May 12th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.095 per share on Thursday, July 30th. This represents a c) dividend on an annualized basis and a yield of 9.2%. The ex-dividend date is Tuesday, June 30th.

B&G Foods has decreased its dividend payment by an average of 0.2%per year over the last three years. B&G Foods has a dividend payout ratio of 63.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect B&G Foods to earn $0.66 per share next year, which means the company should continue to be able to cover its $0.38 annual dividend with an expected future payout ratio of 57.6%.

B&G Foods Price Performance

NYSE BGS opened at $4.14 on Friday. The stock’s 50-day moving average price is $4.48 and its two-hundred day moving average price is $4.71. The company has a current ratio of 2.99, a quick ratio of 1.42 and a debt-to-equity ratio of 4.96. The company has a market cap of $335.72 million, a PE ratio of -4.31 and a beta of 0.49. B&G Foods has a 1 year low of $3.67 and a 1 year high of $6.38.

B&G Foods (NYSE:BGS) last announced its earnings results on Tuesday, May 12th. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The company had revenue of $365.13 million during the quarter, compared to analysts’ expectations of $398.81 million. B&G Foods had a negative net margin of 4.23% and a positive return on equity of 9.67%. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period last year, the company posted $0.04 earnings per share. B&G Foods has set its FY 2026 guidance at 0.575-0.675 EPS. On average, analysts predict that B&G Foods will post 0.57 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on BGS shares. Weiss Ratings lowered shares of B&G Foods from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Thursday, May 14th. TD Cowen reissued a “sell” rating on shares of B&G Foods in a research note on Wednesday, March 4th. Evercore set a $5.00 target price on B&G Foods in a report on Wednesday, March 4th. Finally, Barclays lifted their price target on B&G Foods from $5.00 to $6.00 and gave the company an “equal weight” rating in a report on Tuesday, April 14th. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, B&G Foods presently has an average rating of “Reduce” and a consensus target price of $4.88.

B&G Foods Company Profile

B&G Foods, Inc is a packaged foods holding company that develops, markets and distributes a diversified portfolio of branded shelf-stable and frozen food products. Headquartered in Parsippany, New Jersey, the company serves retail and foodservice customers across the United States and Canada. Through its network of manufacturing facilities, third-party co-packers and distribution partners, B&G Foods supplies grocery chains, mass merchandisers, club stores and e-commerce platforms.

The company’s product portfolio spans multiple categories, including vegetables, beans, soups, sauces and condiments, snacks, cereals and refrigerated or frozen offerings.