On November 8, 2024, Scott Lerner, EVP & GENERAL COUNSEL of B&G Foods Inc (BGS, Financial), purchased 7,611 shares of the company. This transaction was documented in an SEC Filing. Following this acquisition, the insider now owns 196,755 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.
Over the past year, Scott Lerner has purchased a total of 19,366 shares and has not sold any shares. The recent transaction reflects a continued pattern of insider purchases at B&G Foods Inc, with a total of 5 insider buys and only 1 insider sell over the past year.
Shares of B&G Foods Inc were trading at $6.57 on the day of the transaction, giving the company a market cap of approximately $513.774 million. According to the GF Value, the intrinsic value estimate for B&G Foods Inc is $10.69 per share, suggesting that the stock might be undervalued.
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 outcomes.
The current price-to-GF-Value ratio of 0.61 categorizes the stock as a "Possible Value Trap, Think Twice," indicating that investors should be cautious despite the apparent undervaluation.
This insider buying activity could be a signal to investors about the perceived value of the stock at current prices, especially in the context of the company's overall insider trading history and valuation metrics.
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.
