B&G Foods Sells Canadian Green Giant Lines

B&G Foods ( (BGS) ) just unveiled an update.

On October 27, 2025, B&G Foods announced an agreement to sell its Green Giant and Le Sieur frozen and shelf-stable vegetable product lines in Canada to Nortera Foods. This move is part of B&G Foods’ strategy to divest non-core brands, reduce long-term debt, and sharpen its business focus. The sale, subject to regulatory approval, is expected to close by the end of 2025 or early 2026. The proceeds will be used for general corporate purposes, including debt repayment and asset purchases. B&G Foods had previously divested other parts of the Green Giant brand in the U.S. and continues to evaluate further divestitures.

The most recent analyst rating on (BGS) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on B&G Foods stock, see the BGS Stock Forecast page.

Spark’s Take on BGS Stock

According to Spark, TipRanks’ AI Analyst, BGS is a Neutral.

B&G Foods faces significant financial challenges, with declining revenue and high leverage being major concerns. The technical indicators suggest a lack of strong momentum, and the negative P/E ratio reflects profitability issues. However, the high dividend yield and strategic efforts to improve profitability and reduce leverage provide some positive aspects. The overall score reflects a cautious outlook, with financial performance being the most significant factor.

To see Spark’s full report on BGS stock, click here.

More about B&G Foods

B&G Foods, Inc., based in Parsippany, New Jersey, manufactures, sells, and distributes a wide range of branded shelf-stable and frozen foods across the United States, Canada, and Puerto Rico. The company boasts a diverse portfolio of over 50 well-known brands, including Green Giant, Crisco, and Cream of Wheat.

Average Trading Volume: 2,547,641

Technical Sentiment Signal: Sell

Current Market Cap: $357.6M

For an in-depth examination of BGS stock, go to TipRanks’ Overview page.