On November 13, 2024, Andrew Vogel, Executive Vice President and President of Meals at B&G Foods Inc (BGS, Financial), purchased 7,500 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns 37,064 shares of B&G Foods Inc.
B&G Foods Inc is known for manufacturing, selling, and distributing a diversified portfolio of high-quality, branded shelf-stable and frozen foods across the United States, Canada, and Puerto Rico.
The shares were bought at a price of $6.36 each, valuing the transaction at $47,700. This purchase aligns with a broader pattern of insider buying at the company. Over the past year, there have been six insider buys and only one insider sell at B&G Foods Inc.
The company's market cap stands at approximately $497.941 million. According to the GF Value, the intrinsic value of B&G Foods Inc is estimated at $10.68 per share, suggesting that the stock might be undervalued. The price-to-GF-Value ratio is currently 0.6, indicating the stock could be a possible value trap, and investors should think twice before making an investment decision.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company’s past performance and expected future business results.
This insider buying activity might be of interest to current and potential investors, as it reflects confidence from management in the company's future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
