B&G Foods (BGS, Financial), a prominent U.S. packaged food manufacturer, experienced a significant stock drop of 5.04%, with shares priced at $6.03. The trading volume reached 1.61 million shares, reflecting a turnover rate of 2.04% and a price fluctuation of 5.28%.
Recent financial reports reveal that B&G Foods generated $461 million in revenue and a net profit of $7.46 million, translating to earnings per share of $0.09. The gross profit stood at $97.37 million, while the price-to-earnings ratio was -18.94.
Analyst ratings show that out of seven participating institutions, 71% recommend holding the stock, while 29% suggest selling. Notably, no institutions have advised buying.
In the broader packaged foods sector, the overall increase was 0.12%. Among related stocks, Better Choice Company Inc., Australian Oilseeds Holdings Ltd, and Coffee Holding Co., Inc. showed notable gains. Meanwhile, Stryve Foods, Inc., Coffee Holding Co., Inc., and Better Choice Company Inc. were actively traded, with turnover rates of 12.87%, 5.05%, and 4.49%, respectively. Stryve Foods, Inc., Australian Oilseeds Holdings Ltd, and Coffee Holding Co., Inc. exhibited significant price fluctuations of 40.70%, 27.94%, and 15.44%, respectively.
B&G Foods specializes in selling packaged food products across the U.S., Canada, and Puerto Rico. Its well-known brands include Ac’cent, B&G, B&M, Baker’s Joy, Bear Creek Country Kitchens, and more. The company's distribution channels encompass supermarkets, wholesalers, large retailers, warehouse clubs, and food service distributors.
