Evercore cuts target to USD 3.00 for B&G Foods stock

Published on 10/27/2026 at 18:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

B&G Foods revenue fell 9.69 percent to USD 383.28 million in Q2 2026. B&G Foods stock costs EUR 1.83 on October 27, 2026 in after-hours trading.

Analyst target and quarterly revenue

Evercore ISI lowered its B&G Foods target to USD 3.00 on October 23, 2026.
Second-quarter 2026 revenue fell 9.69 percent to USD 383.28 million from USD 424.43 million.
B&G Foods stock was trading at EUR 1.83 at Lang & Schwarz on October 27, 2026 at 6:30 p.m. CET.
B&G Foods had a USD 165.4 million market capitalization on October 27, 2026.

BGS, US05508R1068, Illustration mit AI erstellt.

B&G Foods (US05508R1068) remains tied to a lower analyst valuation after Evercore ISI cut its target to USD 3.00 on October 23, 2026, as Benzinga reported. After-hours trading placed the stock at EUR 1.83 at Lang & Schwarz on October 27, 2026 at 6:30 p.m. CET.

Evercore target stays at USD 3.00

Evercore kept its In-Line stance while lowering the target to USD 3.00. The target is materially above the latest NYSE quote of USD 2.04 at 1:31 p.m. EDT on October 27, 2026, but the analyst action adds a more cautious valuation marker to the stock.

The target change followed a difficult operating backdrop. Simply Wall St reported that second-quarter 2026 revenue was USD 383.275 million, compared with USD 424.425 million a year earlier. Rounded to two decimals, that is a 9.69 percent decline to USD 383.28 million from USD 424.43 million.

Price remains near the yearly low

The NYSE quote of USD 2.04 sits within B&G Foods' USD 1.99 to USD 6.38 52-week range as of October 27, 2026. The USD 165.4 million market capitalization and negative P/E of -2.29 reflect the company's loss-making earnings base, while the trailing dividend yield is 0.28 percent.

Portfolio changes affect the balance sheet

B&G Foods announced on October 13, 2026 that it sold the B&M and Joan of Arc brands to McCall Farms, with proceeds intended for long-term debt repayment, according to Business Wire. The transaction terms were not disclosed, so its immediate effect cannot be quantified from the release.

A separate SEC filing dated October 5, 2026 identifies B&G Foods common stock under ticker BGS on the New York Stock Exchange. The filing also records a USD 1.60 million termination fee after the Green Giant Canada transaction with Nortera ended.

Analyst caution meets a low valuation

For investors, the central tension is visible in the figures: a USD 3.00 analyst target stands above the USD 2.04 NYSE quote, while second-quarter revenue fell 9.69 percent year over year. The EUR 1.83 Lang & Schwarz price provides the German trading perspective, but the operating comparison remains the more important test of any recovery case.

B&G Foods was trading at EUR 1.83 at Lang & Schwarz on October 27, 2026 at 6:30 p.m. CET, after-hours. The further course of trading is shown by the continuously updated real-time quote of B&G Foods stock.