B&G Foods (NYSE:BGS) Director Buys $18,027.36 in Stock

B&G Foods, Inc. (NYSE:BGS) Director Deann Brunts acquired 5,616 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was purchased at an average price of $3.21 per share, for a total transaction of $18,027.36. Following the transaction, the director directly owned 116,454 shares of the company’s stock, valued at approximately $373,817.34. This trade represents a 5.07% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

B&G Foods Trading Down 0.5%

Shares of B&G Foods stock traded down $0.01 during trading on Tuesday, reaching $3.15. 1,486,844 shares of the stock were exchanged, compared to its average volume of 2,122,014. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 5.08. The stock’s fifty day moving average is $3.54 and its 200 day moving average is $4.32. The firm has a market cap of $255.61 million, a price-to-earnings ratio of -3.53 and a beta of 0.48. B&G Foods, Inc. has a 1 year low of $3.10 and a 1 year high of $6.38.

B&G Foods (NYSE:BGS) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The company had revenue of $383.27 million for the quarter, compared to the consensus estimate of $394.92 million. B&G Foods had a positive return on equity of 10.74% and a negative net margin of 4.00%.B&G Foods’s revenue was down 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.04 EPS. B&G Foods has set its FY 2026 guidance at 0.575-0.675 EPS. As a group, equities research analysts expect that B&G Foods, Inc. will post 0.57 earnings per share for the current fiscal year.

B&G Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be issued a $0.095 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.38 annualized dividend and a yield of 12.1%. B&G Foods’s payout ratio is -42.70%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. CastleKnight Management LP boosted its stake in B&G Foods by 16.4% during the fourth quarter. CastleKnight Management LP now owns 898,794 shares of the company’s stock worth $3,865,000 after acquiring an additional 126,494 shares in the last quarter. Quantinno Capital Management LP increased its stake in shares of B&G Foods by 58.6% during the first quarter. Quantinno Capital Management LP now owns 629,032 shares of the company’s stock valued at $3,026,000 after purchasing an additional 232,351 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of B&G Foods by 395.1% during the first quarter. Renaissance Technologies LLC now owns 420,800 shares of the company’s stock valued at $2,024,000 after purchasing an additional 335,800 shares during the last quarter. Corient Private Wealth LP lifted its holdings in shares of B&G Foods by 29.6% during the second quarter. Corient Private Wealth LP now owns 479,620 shares of the company’s stock valued at $1,909,000 after purchasing an additional 109,416 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of B&G Foods by 16.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 407,582 shares of the company’s stock worth $1,622,000 after purchasing an additional 57,620 shares in the last quarter. 66.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on BGS. Jefferies Financial Group set a $4.00 price objective on shares of B&G Foods in a report on Wednesday, July 22nd. Evercore set a $4.50 price target on shares of B&G Foods in a research report on Wednesday, August 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of B&G Foods in a research note on Tuesday, August 11th. Barclays lowered their price objective on shares of B&G Foods from $5.00 to $4.50 and set an “equal weight” rating for the company in a report on Thursday, August 13th. Finally, TD Cowen cut their price objective on B&G Foods from $4.00 to $3.00 and set a “sell” rating on the stock in a research report on Wednesday, August 12th. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, B&G Foods currently has an average rating of “Reduce” and an average target price of $4.00.

About B&G Foods

B&G Foods, Inc is a branded food company headquartered in Parsippany, New Jersey. The company develops, manufactures, sells and distributes a portfolio of shelf-stable and frozen food products, primarily through grocery stores, mass merchants, warehouse clubs, e-commerce retailers and foodservice channels in the United States and Canada.

Its product portfolio has included vegetables, beans, sauces, condiments, baking products, spices, seasonings, breakfast foods, snacks and frozen foods.