One-glance verdict
Within fair range
$3.40 our estimate vs market $3.89
Wall Street consensus: $5.20 (52.7% higher than our fair-value estimate)
14% above our estimate
Fundamentals snapshot
B&G Foods, Inc.
BGS · NYQ · Consumer Defensive · Packaged Foods
Current price
$3.89
52-week range
$3.67 - $6.38
Market cap
$315.74M
Balance sheet
Distressed
1.23x Concerning
Net debt $1.99B. Interest coverage shows how many times profit covers the interest bill.
What stands out
2 Rewards
3 Risks
2 rewards · 3 risks
- Reward Free cash flow was positive in 8/10 years.
- Reward Dividend yield is 9.6% with 20-year payout history.
- Risk Return on equity was -16.7% last year — the company lost money on shareholders' equity.
- Risk Insider ownership is only 4.7% (peer median: 4.9%).
What this company does
B&G Foods, Inc.
B&G Foods owns a large collection of familiar grocery store brands, including Green Giant frozen vegetables, Crisco cooking oil, and Ortega taco kits. The company makes money by selling these everyday food items in supermarkets and other stores across North America. Because it has such a wide variety of products, its overall business isn't overly dependent on the success of just one or two brands.
How the company got here
B&G Foods started back in 1889 as a small pickle and condiment maker in New York City founded by the Bloch and Guggenheimer families. For many years, it was a family-run business known for its B&G brand of pickles. The major turning point came in 1996 when investors bought the company and transformed it into a holding company (a parent company that owns other companies' stock) with a new strategy: buying up well-known, established food brands that larger companies no longer wanted. This acquisition (the act of buying another company) approach led to it owning a diverse collection of famous brands, including major purchases like Cream of Wheat, Green Giant, and Crisco over the years.
What it actually does
B&G Foods sells a wide variety of packaged foods that you would find in the center aisles and freezer section of a grocery store. You've likely seen many of their brands, such as Green Giant frozen and canned vegetables, Crisco cooking oils, Ortega taco shells and sauces, and Cream of Wheat hot cereal. The company owns over 50 different brands in total, covering everything from hot sauces and maple syrup to spices and baking ingredients. They sell these products to supermarkets, mass retailers like Walmart, and foodservice operators across the United States, Canada, and Puerto Rico.
Specialty
This part of the business includes a mix of iconic brands that hold a special place in many American pantries. Think of brands like Ortega, which sells Mexican meal kits and sauces, and Maple Grove Farms, known for its syrups. This segment also includes various other products like fruit spreads from Polaner and canned meats from Underwood. These brands often have loyal customers and generate steady, reliable sales and profits for the company, making it a strong contributor to overall financial health.
Meals
This segment is focused on providing convenient meal solutions for families. It features brands that help people put together quick and easy meals at home. A key brand here is Bear Creek, which offers dry soup mixes and pasta dishes. It also includes products like Mama Mary's pizza crusts, allowing consumers to create their own pizzas. This part of the company competes by offering simple and affordable alternatives to cooking from scratch or dining out.
Frozen & Vegetables
This is one of the company's largest and most recognizable segments, historically anchored by the Green Giant brand. It sells a wide array of frozen and canned vegetables, from simple peas and corn to innovative products like veggie tots and riced cauliflower. While a huge part of the business, the company has recently been making changes, including selling parts of the Green Giant brand to focus on more profitable areas. This segment makes money by selling these vegetable products to grocery shoppers looking for convenient and healthy food options.
Spices & Flavor Solutions
This segment is a growing focus for the company and includes a collection of well-known spice and seasoning brands. You might recognize names like Mrs. Dash (now just Dash), a salt-free seasoning, as well as Spice Islands and Tone's. It also produces licensed products for brands like Weber, known for its grilling seasonings. This division caters to home cooks looking to add flavor to their meals and has become a key pillar for the company's growth.
What management is betting on now
Management is currently focused on transforming the company to be more profitable and financially stable. A key part of this strategy involves divestitures (selling off parts of the business), like the recent sale of parts of the Green Giant brand, to reduce complexity and pay down debt. They are shifting focus toward their core, higher-margin (the percentage of profit made from sales) brands, particularly in spices, seasonings, and meals. The company is also making strategic acquisitions, like buying the College Inn broth brand, to strengthen these core areas and drive future growth.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2025 Q2
$5.16M
FY2025 Q3
$-679.00K
FY2025 Q4
$71.67M
FY2026 Q1
$42.36M
FY2026 Q2
$11.45M
FY2026 Q3
$-70.72M
FY2026 Q4
$87.66M
FY2027 Q1
$18.72M
Revenue
$408.94M
Net income
$-32.54M
Diluted EPS
-0.41
Operating cash flow
$23.59M
Free cash flow
$18.72M
Fetching…
Sources
Revenue
$539.56M
Net income
$-15.18M
Diluted EPS
-0.19
Operating cash flow
$95.45M
Free cash flow
$87.66M
Fetching…
Sources
Revenue
$439.30M
Net income
$-19.14M
Diluted EPS
-0.24
Operating cash flow
$-64.62M
Free cash flow
$-70.72M
Fetching…
Sources
Revenue
$424.43M
Net income
$-9.77M
Diluted EPS
-0.12
Operating cash flow
$17.82M
Free cash flow
$11.45M
Fetching…
Sources
Revenue
$425.40M
Net income
$835.00K
Diluted EPS
0.01
Operating cash flow
$52.74M
Free cash flow
$42.36M
Fetching…
Sources
Revenue
$551.57M
Net income
$-222.41M
Diluted EPS
-2.81
Operating cash flow
$80.35M
Free cash flow
$71.67M
Fetching…
Sources
Revenue
$461.07M
Net income
$7.46M
Diluted EPS
0.09
Operating cash flow
$4.16M
Free cash flow
$-679.00K
Fetching…
Sources
Revenue
$444.59M
Net income
$3.94M
Diluted EPS
0.05
Operating cash flow
$11.29M
Free cash flow
$5.16M
Fetching…
Sources
Is it cheap or expensive?
Fair value $3.40 vs current price $3.89
Wall Street consensus is the average analyst price target: $5.20 (52.7% higher than our fair-value estimate).
Our most-likely fair value is $3.40 a share — about 12.5% away from today's price of $3.89, so the stock currently looks fairly priced.
Is it drowning in debt?
Distressed
Net debt $2.0B. Interest coverage 1.2x.
Net debt
$1.99B
Interest coverage
1.23x
B&G Foods, Inc.'s profit covers its interest bill about 1.2 times over.
Distressed
Worse cushion
Baseline
Better cushion
BGS
BASELINE
B&G Foods, Inc.
Total debt $2.06B Interest coverage 1.23x This is the baseline the peer rows are being compared against.
Total debt $22.40M Interest coverage 23.71x +1,833% vs BGS Carries about 19.3x more debt cushion than BGS.
Total debt $595.80M Interest coverage 1.09x -11% vs BGS Has roughly the same debt cushion as BGS.
Total debt $103.50M Interest coverage 23.33x +1,801% vs BGS Carries about 19.0x more debt cushion than BGS.
Total debt $297.01M Interest coverage 4.34x +254% vs BGS Carries about 3.5x more debt cushion than BGS.
What you should know
The case for and against BGS
2 Rewards
3 Risks
Rewards
-
Free cash flow was positive in 8/10 years.
-
Dividend yield is 9.6% with 20-year payout history.
Risks
-
Return on equity was -16.7% last year — the company lost money on shareholders' equity.
-
Insider ownership is only 4.7% (peer median: 4.9%).
-
Operating margin compressed from 9.2% to 9.0% over 3 years.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
5.96x
P/B
0.78x
P/S
0.17x
EV/EBITDA
9.03x
PEG ratio
4.55x
Profitability
How much profit each dollar creates
Gross margin
21.9%
Operating margin
9.0%
Net margin
-4.2%
ROE
-16.7%
ROA
4.1%
Health
Liquidity and balance-sheet strength
Debt / equity
5.10x
Current ratio
2.99x
Quick ratio
1.06x
Total debt
$2.06B
Total cash
$64.54M
Growth
How the business has been compounding
Revenue TTM
$1.81B
Revenue 5Y CAGR
-2.9%
EPS TTM
-0.96
EPS 5Y CAGR
—
Cash flow
How much cash the business throws off
Operating CF TTM
$72.24M
Free CF TTM
$70.75M
FCF margin
3.9%
Dividend
Shareholder payout
Yield
9.6%
Payout ratio
333.3%
Last ex-div date
2026-06-30