B&G Foods (BGS) Price Target Raised to $5 at Barclays After Green Giant Sale Move

B&G Foods, Inc. (NYSE:BGS) is included among the 15 Best Stocks to Buy Now for Passive Income.

On March 5, Barclays analyst Andrew Lazar raised the firm’s price recommendation on B&G Foods, Inc. (NYSE:BGS) to $5 from $4 and kept an Equal Weight rating on the shares. The firm said it believes the company may move closer to its mid-year leverage target with the divestiture of its Green Giant frozen business.

B&G Foods Inc. reported its Q4 2025 earnings on March 3. During the earnings call, President, CEO and Director Kenneth Keller said the company reached an important milestone in reshaping its portfolio. He noted that the firm agreed to sell the Green Giant U.S. frozen business to Seneca Foods Corporation. Keller said the divestiture represents the largest step so far in the company’s portfolio transformation. He indicated that the move should help the company sharpen its focus, simplify operations, create stronger synergies, and support higher margins across its core shelf-stable product lines.

Keller also explained that the Green Giant US frozen segment was not an ideal strategic fit for the company. He said the business involved seasonal production cycles, geographic complexity, and significant working capital requirements, which made it less aligned with B&G Foods’ broader strategy.

Looking at quarterly performance, Keller pointed to a modest improvement in base business sales trends. Base business net sales declined about 2.4% in the fourth quarter, compared with a 2.7% decline in the third quarter. Adjusted EBITDA for the quarter totaled $84.7 million. That figure came in slightly below the prior year, reflecting the impact of divestitures and additional tariff-related costs.

B&G Foods, Inc. (NYSE:BGS) manufactures, sells, and distributes branded shelf-stable and frozen food products. The company serves customers across the United States, Canada, and Puerto Rico. The company operates in four segments: Specialty, Meals, Frozen and Vegetables, and Spices and Flavor Solutions.

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