Aquatic Capital Management LLC Purchases Shares of 134,194 B&G Foods, Inc. (NYSE:BGS)

Aquatic Capital Management LLC bought a new stake in B&G Foods, Inc. (NYSE:BGS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 134,194 shares of the company’s stock, valued at approximately $925,000. Aquatic Capital Management LLC owned 0.17% of B&G Foods at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of B&G Foods by 28.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,353,557 shares of the company’s stock valued at $23,106,000 after purchasing an additional 744,898 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of B&G Foods by 55.7% in the 4th quarter. Invesco Ltd. now owns 1,132,834 shares of the company’s stock worth $7,805,000 after purchasing an additional 405,033 shares during the last quarter. Barclays PLC lifted its stake in B&G Foods by 267.5% in the fourth quarter. Barclays PLC now owns 480,312 shares of the company’s stock valued at $3,308,000 after buying an additional 349,619 shares during the last quarter. American Century Companies Inc. boosted its stake in B&G Foods by 13.7% during the 4th quarter. American Century Companies Inc. now owns 2,226,706 shares of the company’s stock valued at $15,342,000 after purchasing an additional 267,455 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in B&G Foods during the 4th quarter valued at $1,132,000. 66.15% of the stock is owned by hedge funds and other institutional investors.

B&G Foods Price Performance

NYSE BGS opened at $6.89 on Thursday. The stock has a market capitalization of $545.26 million, a PE ratio of -20.26 and a beta of 0.74. The stock has a 50-day simple moving average of $6.77 and a 200 day simple moving average of $6.93. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.49 and a current ratio of 1.64. B&G Foods, Inc. has a twelve month low of $5.45 and a twelve month high of $11.72.

B&G Foods (NYSE:BGS) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. The company had revenue of $551.57 million for the quarter, compared to analyst estimates of $547.95 million. B&G Foods had a positive return on equity of 6.97% and a negative net margin of 1.34%. Research analysts anticipate that B&G Foods, Inc. will post 0.7 EPS for the current year.

B&G Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 11.03%. The ex-dividend date of this dividend was Monday, March 31st. B&G Foods’s payout ratio is presently -23.90%.

Wall Street Analyst Weigh In

Separately, Piper Sandler decreased their price target on B&G Foods from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $8.10.

B&G Foods Company Profile

B&G Foods, Inc is a holding company, which engages in the manufacture, sale, and distribution of shelf-stable frozen food, and household products in the U.S., Canada, and Puerto Rico. Its products include frozen and canned vegetables, hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, and wine vinegar.