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 EPS 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.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Evercore set a $4.50 target price on B&G Foods in a report on Wednesday. Weiss Ratings restated a “sell (d-)” rating on shares of B&G Foods in a research report on Tuesday. TD Cowen reduced their price objective on shares of B&G Foods from $4.00 to $3.00 and set a “sell” rating for the company in a research note on Wednesday. Jefferies Financial Group set a $4.00 target price on shares of B&G Foods in a report on Wednesday, July 22nd. Finally, Barclays lowered their target price on shares of B&G Foods from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 21st. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, B&G Foods presently has a consensus rating of “Reduce” and an average target price of $4.12.

B&G Foods Stock Up 5.3%

BGS stock opened at $3.59 on Thursday. B&G Foods has a 1-year low of $3.35 and a 1-year high of $6.38. The stock has a market cap of $291.39 million, a price-to-earnings ratio of -4.03 and a beta of 0.49. 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’s 50 day moving average is $3.80 and its 200 day moving average is $4.55.

B&G Foods (NYSE:BGS) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. B&G Foods had a negative net margin of 4.00% and a positive return on equity of 10.46%. The firm had revenue of $383.27 million for the quarter, compared to analysts’ expectations of $394.92 million. During the same quarter last year, the company posted $0.04 EPS. The business’s quarterly revenue was down 9.7% on a year-over-year basis. B&G Foods has set its FY 2026 guidance at 0.575-0.675 EPS. Sell-side analysts predict that B&G Foods will post 0.57 EPS for the current fiscal year.

B&G Foods Announces Dividend

The company 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 $0.095 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.38 dividend on an annualized basis and a yield of 10.6%. B&G Foods’s payout ratio is presently -42.70%.

More B&G Foods News

Here are the key news stories impacting B&G Foods this week:

• Positive Sentiment: Margin improvement and portfolio reshaping supported earnings. B&G Foods reported adjusted EPS of $0.06, in line with consensus and above $0.04 a year earlier. Operating profit increased sharply, while acquisitions such as College Inn and Kitchen Basics and the Green Giant U.S. frozen-food divestiture helped streamline the portfolio. B&G Foods Q2 Earnings Rise on Portfolio Reshaping and Margin Gains
• Positive Sentiment: Fiscal 2026 guidance remains above current earnings expectations. Management maintained EPS guidance of $0.575-$0.675 and revenue guidance of approximately $1.7 billion-$1.8 billion. The EPS range is modestly above the roughly $0.56 analyst consensus, providing some support for the investment case if margin gains continue. B&G Foods Reports Financial Results for Second Quarter 2026
• Neutral Sentiment: Barclays reiterated a Hold stance. The rating suggests the improved profitability and portfolio changes are viewed as balanced by ongoing execution and leverage risks. Barclays’ previously reported $6 price target remains well above the recent share price, but the Hold rating limits the potential positive impact. B&G Foods Gets a Hold from Barclays
• Negative Sentiment: Revenue materially missed expectations. Second-quarter sales fell 9.7% year over year to about $383.3 million, below analyst estimates near $395 million. The company also reported a GAAP net loss attributable to common shareholders of approximately $4 million, or $0.05 per diluted share, despite the adjusted EPS result. B&G Foods Misses Q2 Sales Expectations
• Negative Sentiment: CEO retirement adds transition risk. President and CEO Kenneth C. “Casey” Keller is retiring, creating uncertainty around leadership continuity while B&G Foods executes its portfolio overhaul and attempts to stabilize sales. B&G Foods Announces CEO Retirement and Leadership Transition

Institutional Investors Weigh In On B&G Foods

Institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its stake in B&G Foods by 502.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,443 shares of the company’s stock worth $31,000 after purchasing an additional 6,207 shares during the last quarter. Triumph Capital Management bought a new position in shares of B&G Foods during the third quarter valued at about $34,000. Federated Hermes Inc. bought a new position in shares of B&G Foods during the second quarter valued at about $35,000. Integrated Wealth Concepts LLC purchased a new position in shares of B&G Foods in the third quarter worth about $45,000. Finally, NCM Capital Management LLC bought a new stake in shares of B&G Foods in the 3rd quarter valued at about $46,000. Hedge funds and other institutional investors own 66.15% of the company’s stock.

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.