14,985 Shares in B&G Foods, Inc. (NYSE:BGS) Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new stake in shares of B&G Foods, Inc. (NYSE:BGS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,985 shares of the company’s stock, valued at approximately $103,000.

Several other large investors have also modified their holdings of BGS. PNC Financial Services Group Inc. lifted its stake in shares of B&G Foods by 50.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,913 shares of the company’s stock worth $55,000 after acquiring an additional 2,658 shares during the last quarter. Independent Wealth Network Inc. bought a new stake in shares of B&G Foods during the fourth quarter worth $77,000. SBI Securities Co. Ltd. bought a new stake in shares of B&G Foods during the fourth quarter worth $79,000. Regent Peak Wealth Advisors LLC purchased a new stake in shares of B&G Foods during the fourth quarter valued at $81,000. Finally, Prism Advisors Inc. bought a new position in shares of B&G Foods in the fourth quarter worth about $82,000. Hedge funds and other institutional investors own 66.15% of the company’s stock.

Analyst Ratings Changes

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

B&G Foods Stock Performance

BGS stock opened at $6.62 on Friday. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.64 and a quick ratio of 0.49. B&G Foods, Inc. has a 1-year low of $5.45 and a 1-year high of $11.72. The business has a 50-day moving average price of $6.65 and a 200 day moving average price of $7.29. The company has a market capitalization of $523.50 million, a P/E ratio of -19.46 and a beta of 0.47.

B&G Foods (NYSE:BGS) last announced its quarterly earnings results 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 firm had revenue of $551.57 million during the quarter, compared to analysts’ expectations of $547.95 million. B&G Foods had a negative net margin of 1.34% and a positive return on equity of 6.97%. As a group, equities research analysts forecast that B&G Foods, Inc. will post 0.7 EPS for the current fiscal year.

B&G Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a $0.19 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 11.49%. B&G Foods’s dividend payout ratio is presently -23.90%.

About B&G Foods

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.