Deann Brunts Buys 5,616 Shares of B&G Foods (NYSE:BGS) Stock

B&G Foods, Inc. (NYSE:BGS) 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, with a total value of $18,027.36. Following the acquisition, the director directly owned 116,454 shares of the company’s stock, valued at approximately $373,817.34. The trade was a 5.07% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

B&G Foods Stock Performance

Shares of NYSE:BGS opened at $3.15 on Thursday. 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 business’s 50 day moving average price is $3.51 and its 200-day moving average price is $4.29. The firm has a market capitalization of $255.63 million, a PE 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 issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $383.27 million during the quarter, compared to analysts’ expectations of $394.92 million. B&G Foods had a positive return on equity of 10.74% and a negative net margin of 4.00%.The firm’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.04 earnings per share. 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 firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be paid a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 12.1%. The ex-dividend date of this dividend is Wednesday, September 30th. B&G Foods’s dividend payout ratio (DPR) is currently -42.70%.

Analyst Upgrades and Downgrades

A number of analysts have commented on BGS shares. Barclays cut 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. TD Cowen cut their price target 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 reiterated a “sell (d-)” rating on shares of B&G Foods in a research report on Tuesday, August 11th. Jefferies Financial Group set a $4.00 price objective on B&G Foods in a research note on Wednesday, July 22nd. Finally, Evercore set a $4.50 target price on B&G Foods in a 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $4.00.

Institutional Trading of B&G Foods

A number of hedge funds and other institutional investors have recently made changes to their positions in BGS. CastleKnight Management LP grew its position in B&G Foods by 16.4% in 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 during the period. Quantinno Capital Management LP raised its position in B&G Foods by 58.6% in 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 during the period. Renaissance Technologies LLC lifted its stake in shares of B&G Foods by 395.1% in the 1st 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 stake in shares of B&G Foods by 29.6% in the 2nd 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 grew its holdings in shares of B&G Foods by 16.5% during 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 during the period. Institutional investors and hedge funds own 66.15% of the company’s stock.

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.