B&G Foods, Inc.
BGS · Food and Kindred Products · 81.2M shares · +4%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: $28M (gross $35M, SBC $7M)
Reference price $5.19 · est. market cap ~$421M — last insider sale, 2026-03-13 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C60Branded packaged-food company with steady cash flow but very high leverage and an impairment-driven net loss.
Strengths
- Positive FCF $70M and operating margin 57th pct; strong current/quick ratios (87th/73rd pct)
- Established brand portfolio with broad retail distribution
Risks
- Debt/equity 4.3 (100th pct) and net margin -2.4% after $48M of trademark impairments (Green Giant, Victoria, McCann's)
- Customer concentration (Walmart ~31%, top 10 ~64%) and below-median gross margin (36th pct)
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- High leverageHigh leverage (debt/equity 4.30)
- Net lossNet loss (net margin -2.4%)
- Customer concentration~64% of revenue from one customer/distributor — 0% of our fiscal 2025 net sales, and our ten largest customers together accounted for approximately 63
- Insider sellingInsider selling — 3 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$265,966, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
21.8%
Operating margin
5.3%
Net margin
-2.4%
Return on equity
-9.6%
Return on assets
-1.5%
ROIC
3.2%
Revenue growth (QoQ)
-6.9%
Debt / equity
4.3×
Net debt / EBITDA
11.6×
Current ratio
3.3×
Free cash flow
$71M
EBITDA
$163M
Tangible book value
-$1.3B
Cash & investments
$56M
Stock comp / revenue
0.7%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-01 | Chase Debra M | Grant | 27K | — |
| 2026-06-01 | Brunts DeAnn L | Grant | 27K | — |
| 2026-06-01 | Mills Robert D | Grant | 27K | — |
| 2026-06-01 | Palmer Cheryl M | Grant | 27K | — |
| 2026-06-01 | Mullen Dennis M | Grant | 27K | — |
| 2026-06-01 | Wenner David L | Grant | 27K | — |
| 2026-06-01 | MARCY CHARLES F | Grant | 27K | — |
| 2026-06-01 | SHERRILL STEPHEN | Grant | 27K | — |
| 2026-06-01 | POE ALFRED | Grant | 27K | — |
| 2026-04-07 | Schum Ellen M | Grant | 11K | — |
| 2026-04-07 | Schum Ellen M | Tax withheld | 3.7K | $5.18 |
| 2026-03-25 | Ozgopoyan John A. | Grant | 38K | — |
| 2026-03-25 | Schoch Martin C. | Grant | 35K | — |
| 2026-03-25 | Schoch Martin C. | Tax withheld | 4.8K | $5.11 |
| 2026-03-25 | Vogel Andrew D | Grant | 37K | — |
| 2026-03-25 | Vogel Andrew D | Tax withheld | 6.5K | $5.11 |
| 2026-03-25 | Thompson Kristen A. | Tax withheld | 2.8K | $5.11 |
| 2026-03-25 | Schum Ellen M | Grant | 43K | — |
| 2026-03-25 | Schum Ellen M | Tax withheld | 7.5K | $5.11 |
| 2026-03-25 | Wacha Bruce C | Grant | 57K | — |
| 2026-03-25 | Wacha Bruce C | Tax withheld | 9.8K | $5.11 |
| 2026-03-25 | Hart Eric H | Grant | 39K | — |
| 2026-03-25 | Hart Eric H | Tax withheld | 6.8K | $5.11 |
| 2026-03-25 | Adasczik Michael | Grant | 15K | — |
| 2026-03-25 | Adasczik Michael | Tax withheld | 2.6K | $5.11 |
| 2026-03-25 | Keller Kenneth C Jr | Grant | 311K | — |
| 2026-03-25 | Keller Kenneth C Jr | Tax withheld | 81K | $5.11 |
| 2026-03-25 | Lerner Scott E | Grant | 58K | — |
| 2026-03-25 | Lerner Scott E | Tax withheld | 9.9K | $5.11 |
| 2026-03-13 | Wenner David L | Sell | 20K | $5.19 |
| 2026-03-13 | Vogel Andrew D | Sell | 20K | $5.19 |
| 2026-03-12 | Schoch Martin C. | Sell | 11K | $5.40 |
| 2026-03-02 | Schoch Martin C. | Grant | 19K | — |
| 2026-03-02 | Schoch Martin C. | Tax withheld | 7.5K | $5.18 |
| 2026-03-02 | Vogel Andrew D | Grant | 16K | — |
| 2026-03-02 | Vogel Andrew D | Tax withheld | 6.5K | $5.18 |
| 2026-03-02 | Thompson Kristen A. | Grant | 6.2K | — |
| 2026-03-02 | Thompson Kristen A. | Tax withheld | 2.5K | $5.18 |
| 2026-03-02 | Schum Ellen M | Grant | 19K | — |
| 2026-03-02 | Schum Ellen M | Tax withheld | 7.5K | $5.18 |
| 2026-03-02 | Wacha Bruce C | Grant | 46K | — |
| 2026-03-02 | Wacha Bruce C | Tax withheld | 17K | $5.18 |
| 2026-03-02 | Hart Eric H | Grant | 35K | — |
| 2026-03-02 | Hart Eric H | Tax withheld | 13K | $5.18 |
| 2026-03-02 | Adasczik Michael | Grant | 13K | — |
| 2026-03-02 | Adasczik Michael | Tax withheld | 5.3K | $5.18 |
| 2026-03-02 | Keller Kenneth C Jr | Grant | 282K | — |
| 2026-03-02 | Keller Kenneth C Jr | Tax withheld | 117K | $5.18 |
| 2026-03-02 | Lerner Scott E | Grant | 46K | — |
| 2026-03-02 | Lerner Scott E | Tax withheld | 17K | $5.18 |
| 2025-11-26 | Mullen Dennis M | Sell | 19K | $4.50 |
| 2025-06-02 | Brunts DeAnn L | Grant | 25K | — |
| 2025-06-02 | Chase Debra M | Grant | 25K | — |
| 2025-06-02 | MARCY CHARLES F | Grant | 25K | — |
| 2025-06-02 | Mills Robert D | Grant | 25K | — |
| 2025-06-02 | Mullen Dennis M | Grant | 25K | — |
| 2025-06-02 | Palmer Cheryl M | Grant | 25K | — |
| 2025-06-02 | POE ALFRED | Grant | 25K | — |
| 2025-06-02 | SHERRILL STEPHEN | Grant | 25K | — |
| 2025-06-02 | Wenner David L | Grant | 25K | — |
| 2025-05-30 | Hart Eric H | Sell | 1.5K | $4.18 |
| 2025-05-16 | Schoch Martin C. | Sell | 3.9K | $4.45 |
| 2025-03-25 | Adasczik Michael | Grant | 11K | — |
| 2025-03-25 | Adasczik Michael | Tax withheld | 1.4K | $6.60 |
| 2025-03-25 | Greenberg Jordan E | Grant | 31K | — |
| 2025-03-25 | Greenberg Jordan E | Tax withheld | 4.1K | $6.60 |
| 2025-03-25 | Hart Eric H | Grant | 29K | — |
| 2025-03-25 | Hart Eric H | Tax withheld | 3.9K | $6.60 |
| 2025-03-25 | Keller Kenneth C Jr | Grant | 238K | — |
| 2025-03-25 | Keller Kenneth C Jr | Tax withheld | 44K | $6.60 |
| 2025-03-25 | Lerner Scott E | Grant | 43K | — |
| 2025-03-25 | Lerner Scott E | Tax withheld | 5.4K | $6.60 |
| 2025-03-25 | Schoch Martin C. | Grant | 25K | — |
| 2025-03-25 | Schoch Martin C. | Tax withheld | 2.0K | $6.60 |
| 2025-03-25 | Schum Ellen M | Grant | 32K | — |
| 2025-03-25 | Schum Ellen M | Tax withheld | 4.2K | $6.60 |
| 2025-03-25 | Thompson Kristen A. | Grant | 12K | — |
| 2025-03-25 | Thompson Kristen A. | Tax withheld | 1.7K | $6.60 |
| 2025-03-25 | Vogel Andrew D | Grant | 28K | — |
| 2025-03-25 | Vogel Andrew D | Tax withheld | 3.6K | $6.60 |
| 2025-03-25 | Wacha Bruce C | Grant | 42K | — |
| 2025-03-25 | Wacha Bruce C | Tax withheld | 5.4K | $6.60 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-10 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-06-04 | Material agreementOtherExhibits | filing ↗ |
| 2026-06-01 | Reg FDExhibits | filing ↗ |
| 2026-06-01 | Exhibits | filing ↗ |
| 2026-05-27 | Shareholder vote | filing ↗ |
| 2026-05-12 | ResultsReg FDExhibits | filing ↗ |
| 2026-05-05 | Exec/director changeExhibits | filing ↗ |
| 2026-03-20 | Acquisition/dispositionReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-10 | 2026-06-10 | 0001104659-26-072323 ↗ |
| 8-K | 2026-06-04 | 2026-06-03 | 0001104659-26-070572 ↗ |
| 8-K/A | 2026-06-01 | 2026-03-19 | 0001104659-26-068743 ↗ |
| 8-K | 2026-06-01 | 2026-06-01 | 0001104659-26-068744 ↗ |
| 8-K | 2026-05-27 | 2026-05-21 | 0001104659-26-066912 ↗ |
| 10-Q | 2026-05-13 | 2026-04-04 | 0001104659-26-060227 ↗ |
| 8-K | 2026-05-12 | 2026-05-12 | 0001104659-26-059373 ↗ |
| 8-K | 2026-05-05 | 2026-04-30 | 0001104659-26-055718 ↗ |
| 8-K | 2026-03-20 | 2026-03-19 | 0001104659-26-032468 ↗ |
| 8-K | 2026-03-03 | 2026-03-03 | 0001104659-26-022831 ↗ |
| 10-K | 2026-03-03 | 2026-01-03 | 0001104659-26-022961 ↗ |
| 8-K | 2026-01-16 | 2026-01-15 | 0001104659-26-004534 ↗ |