B&G Foods (NYSE:BGS) Releases FY 2026 Earnings Guidance

B&G Foods (NYSE:BGS) updated its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.575-0.675 for the period, compared to the consensus estimate of 0.560. The company issued revenue guidance of $1.7 billion-$1.8 billion, compared to the consensus revenue estimate of $1.7 billion.

B&G Foods Stock Up 1.0%

NYSE BGS traded up $0.04 during mid-day trading on Tuesday, hitting $3.44. The company’s stock had a trading volume of 2,724,720 shares, compared to its average volume of 2,124,089. The firm has a market capitalization of $278.82 million, a price-to-earnings ratio of -3.58 and a beta of 0.50. The company’s 50 day simple moving average is $3.82 and its 200 day simple moving average is $4.56. The company has a current ratio of 2.99, a quick ratio of 1.42 and a debt-to-equity ratio of 4.96. B&G Foods has a twelve month low of $3.35 and a twelve month high of $6.38.

B&G Foods (NYSE:BGS) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. B&G Foods had a negative net margin of 4.23% and a positive return on equity of 9.67%. The firm had revenue of $383.27 million for the quarter, compared to the consensus estimate of $394.92 million. B&G Foods has set its FY 2026 guidance at 0.575-0.675 EPS. Analysts anticipate that B&G Foods will post 0.57 earnings per share for the current year.

B&G Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.38 annualized dividend and a dividend yield of 11.1%. B&G Foods’s payout ratio is presently -39.58%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BGS. Weiss Ratings downgraded B&G Foods from a “sell (d+)” rating to a “sell (d-)” rating in a report on Thursday, May 14th. Jefferies Financial Group set a $4.00 price objective on shares of B&G Foods in a report on Wednesday, July 22nd. Finally, Barclays reduced their target price on shares of B&G Foods from $6.00 to $5.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 21st. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $4.38.

Hedge Funds Weigh In On B&G Foods

Several institutional investors have recently modified their holdings of BGS. Goldman Sachs Group Inc. increased its position in shares of B&G Foods by 324.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,707,044 shares of the company’s stock valued at $15,940,000 after acquiring an additional 2,833,090 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in B&G Foods by 26.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,377,381 shares of the company’s stock worth $14,523,000 after purchasing an additional 705,958 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in B&G Foods by 5.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,384,298 shares of the company’s stock valued at $10,086,000 after purchasing an additional 119,362 shares during the period. Geode Capital Management LLC increased its position in shares of B&G Foods by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 1,921,485 shares of the company’s stock valued at $8,264,000 after purchasing an additional 29,498 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of B&G Foods by 15,131.8% during the 1st quarter. Millennium Management LLC now owns 1,887,984 shares of the company’s stock valued at $12,970,000 after purchasing an additional 1,875,589 shares during the last quarter. 66.15% of the stock is owned by institutional investors.

About B&G Foods

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.