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

Core Viewpoint - B&G Foods, Inc. is recognized as one of the best stocks for passive income, with a recent price target increase by Barclays following a significant divestiture [1][9]. Financial Performance - B&G Foods reported a decline in base business net sales of approximately 2.4% in Q4 2025, an improvement from a 2.7% decline in Q3 2025 [5]. - The adjusted EBITDA for Q4 totaled $84.7 million, slightly below the previous year, impacted by divestitures and tariff-related costs [5]. Strategic Moves - The company has agreed to sell its Green Giant U.S. frozen business to Seneca Foods Corporation, marking a significant step in its portfolio transformation [3]. - The divestiture is expected to help B&G Foods sharpen its focus, simplify operations, and enhance margins across its core shelf-stable product lines [3][4]. Analyst Insights - Barclays analyst Andrew Lazar raised the price recommendation for B&G Foods to $5 from $4, maintaining an Equal Weight rating, indicating confidence in the company's movement towards its mid-year leverage target [2].