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

B&G Foods, Inc. (NYSE:BGSGet Free Report) Director Deann Brunts bought 5,616 shares of B&G Foods stock in a transaction on Monday, September 14th. The shares were purchased at an average cost of $3.21 per share, for a total transaction of $18,027.36. Following the completion of the purchase, the director directly owned 116,454 shares of the company’s stock, valued at $373,817.34. This trade represents a 5.07% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

B&G Foods Stock Performance

B&G Foods stock opened at $3.06 on Friday. The firm has a 50 day simple moving average of $3.50 and a 200-day simple moving average of $4.27. B&G Foods, Inc. has a 1-year low of $3.04 and a 1-year high of $6.38. The company has a debt-to-equity ratio of 5.08, a current ratio of 1.62 and a quick ratio of 1.09. The stock has a market cap of $248.31 million, a price-to-earnings ratio of -3.43 and a beta of 0.48.

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

B&G Foods Dividend Announcement

The business also recently announced 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. This represents a $0.38 annualized dividend and a yield of 12.4%. The ex-dividend date is Wednesday, September 30th. B&G Foods’s dividend payout ratio (DPR) is -42.70%.

Analyst Upgrades and Downgrades

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

Get Our Latest Report on B&G Foods

Institutional Investors Weigh In On B&G Foods

Several large investors have recently bought and sold shares of BGS. CastleKnight Management LP raised its holdings in shares of B&G Foods by 16.4% in the 4th quarter. CastleKnight Management LP now owns 898,794 shares of the company’s stock valued at $3,865,000 after purchasing an additional 126,494 shares in the last quarter. Quantinno Capital Management LP grew 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 worth $3,026,000 after purchasing an additional 232,351 shares in the last quarter. Corient Private Wealth LP increased its holdings in B&G Foods by 29.6% in the second quarter. Corient Private Wealth LP now owns 479,620 shares of the company’s stock valued at $1,909,000 after buying an additional 109,416 shares during the last quarter. Renaissance Technologies LLC increased its holdings in B&G Foods by 395.1% in the first quarter. Renaissance Technologies LLC now owns 420,800 shares of the company’s stock valued at $2,024,000 after buying an additional 335,800 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in B&G Foods by 16.5% in the second quarter. Bank of New York Mellon Corp now owns 407,582 shares of the company’s stock valued at $1,622,000 after buying an additional 57,620 shares in the last quarter. Hedge funds and other institutional investors own 66.15% of the company’s stock.

About B&G Foods

(Get Free Report)

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.

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