BGS Advances Portfolio Reshaping With Latest Brand Divestiture
BGS sells its B&M and Joan of Arc brands to cut debt, building on portfolio restructuring that lifted adjusted EBITDA and margins despite declining sales.
BGS - B&G Foods, Inc.
Price:
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--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$4.33
DETAILS
HIGH:
$4.50
LOW:
$4.00
MEDIAN:
$4.50
CONSENSUS:
$4.33
UPSIDE:
76.73%
Stock News
B&G Foods Sells B&M and Joan of Arc Brands to McCall Farms
PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) announced today that it has sold the B&M brand of baked beans and brown bread and the Joan of Arc brand of kidney, chili and other canned beans to McCall Farms, Inc. “The sale of the B&M and Joan of Arc brands is another step in our efforts to simplify our portfolio, focus on our core brands and strengthen our balance sheet,” said Robert D. Mills, President and Chief Executive Officer of B&G Foods. “We remain focused.
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B&G Foods and Nortera Announce Termination of Green Giant Canada Asset Purchase Agreement
B&G Foods, Inc. (NYSE: BGS) and Nortera Foods Inc. today announced that B&G Foods Canada, ULC and Nortera Foods terminated on October 5, 2026 their previously a
B&G Foods and Nortera Announce Termination of Green Giant Canada Asset Purchase Agreement
PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) and Nortera Foods Inc. today announced that B&G Foods Canada, ULC and Nortera Foods terminated on October 5, 2026 their previously announced asset purchase agreement entered into on October 24, 2025, pursuant to which B&G Foods Canada had agreed to sell Green Giant Canada to Nortera Foods.Under the terms of the asset purchase agreement, either party was entitled to terminate the agreement if regulatory approval in Canada.
B&G Foods, Inc. (BGS) Presents at Barclays 19th Annual Global Consumer Staples Conference Transcript
B&G Foods, Inc. (BGS) Presents at Barclays 19th Annual Global Consumer Staples Conference Transcript
Allianz Asset Management GmbH Invests $1 Million in B&G Foods, Inc. $BGS
Allianz Asset Management GmbH acquired a new stake in shares of B&G Foods, Inc. (NYSE: BGS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 251,164 shares of the company's stock, valued at approximately $1,000,000. Allianz Asset Management
Corient Private Wealth LP Invests $1.91 Million in B&G Foods, Inc. $BGS
Corient Private Wealth LP purchased a new stake in shares of B&G Foods, Inc. (NYSE: BGS) in the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 478,509 shares of the company's stock, valued at approximately $1,905,000. Corient Private Wealth LP owned
B&G Foods to Participate in the Barclays Global Consumer Conference
B&G Foods, Inc. (NYSE: BGS) today announced that it will participate in the Barclays Global Consumer Conference on Wednesday, September 9, 2026, in Boston, MA.
B&G Foods to Participate in the Barclays Global Consumer Conference
PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) today announced that it will participate in the Barclays Global Consumer Conference on Wednesday, September 9, 2026, in Boston, MA. The fireside chat will begin at 4:30 p.m. Eastern Time. Investors and interested parties may listen to a live webcast of the session by visiting the investor relations section of B&G Foods' website at www.bgfoods.com/investor-relations at the appropriate time. A replay of the webcast will be ava.
Statement of B&G Foods Regarding the Competition Bureau Challenge of Pending Sale of Green Giant Canada to Nortera
PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) today made the following statement regarding B&G Foods' pending sale of Green Giant Canada to Nortera: We are disappointed and disagree with the decision of the Competition Bureau (Canada) to ask the Competition Tribunal to block B&G Foods Canada's proposed sale of the Green Giant and Le Sieur frozen and shelf-stable business in Canada to Nortera. While we acknowledge the Competition Bureau's position, we believe the ava.
B&G Foods: The Turnaround Is Risky, But Failure Looks Priced In
B&G Foods remains a Strong Buy, as its current valuation reflects capitulation rather than true potential, despite recent refinancing at an 11% rate. Recent debt refinancing and a dividend cut free up capital, positioning BGS for a turnaround under a new CEO focused on core brands and portfolio optimization. Guidance for 2023 is reiterated, with net sales of $1.735–$1.775 billion, adjusted EBITDA of $275–$290 million, and EPS of $0.575–$0.675, despite macro headwinds.
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B&G Foods Q2 Earnings Rise on Portfolio Reshaping and Margin Gains
BGS' Q2 earnings rise as portfolio reshaping, margin gains and acquisitions offset lower sales, while fiscal 2026 guidance is reaffirmed.
B&G Foods Q2 Earnings Call Highlights
B&G Foods NYSE: BGS reported second-quarter 2026 results that reflected its ongoing portfolio reshaping, with higher adjusted EBITDA despite lower reported sales following several divestitures.
B&G Foods, Inc. (BGS) Q2 2026 Earnings Call Transcript
B&G Foods, Inc. (BGS) Q2 2026 Earnings Call Transcript
B&G Foods Reports Financial Results for Second Quarter 2026
PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) today announced financial results for the second quarter and first two quarters of 2026. Financial results for the second quarter and first two quarters of 2026 include the impact of the College Inn and Kitchen Basics acquisition, which was completed on March 19, 2026, the Green Giant U.S. frozen divestiture, which was completed on March 2, 2026, and the co‑manufacturing agreement the Company entered into on March 2, 2026 with t.
B&G Foods Appoints Robert D. Mills as President and Chief Executive Officer
PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) announced today that its Board of Directors has appointed Robert “Rob” D. Mills as President and Chief Executive Officer, effective today. Mr. Mills, who has served as a member of B&G Foods' Board of Directors since March 2018, succeeds Casey Keller who retired as President, Chief Executive Officer and a director at the end of last week. Mr. Mills is an accomplished executive with more than 20 years of broad operating and le.
B&G Foods Announces Retirement of CEO and Selection of Successor
B&G Foods, Inc. (NYSE: BGS) announced today that Kenneth C. âCaseyâ Keller, President and Chief Executive Officer and a member of the Board of Directors, ha
B&G Foods Announces Retirement of CEO and Selection of Successor
PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) announced today that Kenneth C. “Casey” Keller, President and Chief Executive Officer and a member of the Board of Directors, has notified B&G Foods of his intention to retire after five years in his position. B&G Foods and Mr. Keller mutually agreed that Mr. Keller's retirement as Chief Executive Officer and as a director will be effective August 7, 2026 but that Mr. Keller will on an ongoing basis assist B&G Foods.
Price Targets
B&G Foods price target lowered to $4.50 from $5 at Barclays
$4.50
(was $3.58)
Barclays
B&G Foods price target lowered to $4.50 from $5 at Evercore ISI
$4.50
(was $3.41)
Evercore ISI
B&G Foods price target lowered to $4 from $5 at Jefferies
$4.00
(was $3.65)
Jefferies
B&G Foods price target lowered to $5 from $6 at Barclays
$5.00
(was $3.61)
Barclays
B&G Foods price target raised to $6 from $5 at Barclays
$6.00
(was $5.57)
Barclays
B&G Foods (BGS) PT Raised to $5 at Evercore ISI
$5.00
(was $6.14)
David Palmer
·
Evercore ISI
B&G Foods price target lowered to $8 from $9 at Piper Sandler
$8.00
(was $7.73)
Michael Lavery
·
Piper Sandler
Piper Sandler Upgrades B&G Foods (BGS) to Neutral
$9.00
(was $9.05)
Michael Lavery
·
Piper Sandler
RBC Capital Maintains Sector Perform on B&G Foods, Lowers Price Target to $16
$16.00
(was $15.08)
RBC Capital
Piper Sandler Maintains Neutral on B&G Foods, Raises Price Target to $27
$27.00
(was $25.16)
Piper Sandler
Credit Suisse Maintains Underperform on B&G Foods, Lowers Price Target to $23
$23.00
(was $24.16)
Credit Suisse
B&G Foods Post Mixed Q1 Numbers; Acquires Growers Express
$25.00
(was $24.71)
Robert Dickerson
·
Jefferies