B&G Foods, Inc. manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico. The company’s products include frozen and canned vegetables, vegetables, 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, maple syrups, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, crackers, baking powder and soda, corn starch, nut clusters, and other specialty products. It markets its products under various brands, including Ac’cent, B&G, B&M, Baker’s Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Cary’s, Clabber Girl, Cream of Rice, Cream of Wheat, Crisco, Dash, Davis, Devonsheer, Don Pepino, Durkee, Grandma’s Molasses, Green Giant, Joan of Arc, Las Palmas, Le Sueur, MacDonald’s, Mama Mary’s, Maple Grove Farms of Vermont, McCann’s, Molly McButter, New York Flatbreads, New York Style, Old London, Ortega, Polaner, Red Devil, Regina, Rumford, Sa-són, Sclafani, Spice Islands, Spring Tree, Sugar Twin, Tone’s, Trappey’s, TrueNorth, Underwood, Vermont Maid, Victoria, Weber, and Wright’s. The company also sells, markets, and distributes household products under the Static Guard brand. It sells and distributes its products directly, as well as through a network of independent brokers and distributors to supermarket chains, foodservice outlets, mass merchants, warehouse clubs, non-food outlets, and specialty distributors. The company was formerly known as B&G Foods Holdings Corp. and changed its name to B&G Foods, Inc. in October 2004. B&G Foods, Inc. was founded in 1822 and is headquartered in Parsippany, New Jersey.
Strategic Overhaul | B&G Foods initiates strategic review of its frozen and vegetable businesses, signaling potential divestiture to improve financial health and focus on core brands |
Financial Headwinds | Analysts project declining organic sales and EPS estimates ranging from $0.80 to $0.95, reflecting ongoing challenges in the packaged food industry |
Market Positioning | Explore B&G Foods' efforts to navigate changing consumer preferences and increased competition in the center-store segment of grocery retailers |
Analyst Outlook | Average price target of $9.60, with ratings ranging from Neutral to Sector Perform, highlighting cautious optimism amid ongoing restructuring efforts |
Metrics to compare | BGS | Sector Sector - Average of metrics from a broad group of related Consumer Non-Cyclicals sector companies | Relationship RelationshipBGSPeersSector | |
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P/E Ratio | −19.0x | 20.9x | 11.4x | |
PEG Ratio | −0.44 | 1.42 | 0.03 | |
Price/Book | 0.7x | 8.8x | 1.5x | |
Price / LTM Sales | 0.3x | 2.3x | 0.9x | |
Upside (Analyst Target) | 23.1% | 11.8% | 19.2% | |
Fair Value Upside | Unlock | 11.9% | 9.2% | Unlock |