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

B&G Foods, Inc. (NYSE:BGS) Director Deann Brunts acquired 5,616 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were bought at an average price 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 $373,817.34. The trade was a 5.07% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

B&G Foods Stock Down 0.5%

BGS opened at $3.15 on Wednesday. B&G Foods, Inc. has a twelve month low of $3.10 and a twelve month high of $6.38. The company’s 50-day moving average price is $3.53 and its two-hundred day moving average price is $4.30. The stock has a market cap of $255.63 million, a price-to-earnings ratio of -3.53 and a beta of 0.48. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 5.08.

B&G Foods (NYSE:BGS) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $383.27 million during the quarter, compared to analyst estimates of $394.92 million. During the same quarter last year, the business posted $0.04 EPS. B&G Foods’s quarterly revenue 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. As a group, equities analysts expect that B&G Foods, Inc. will post 0.57 earnings per share for the current year.

B&G Foods Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of B&G Foods

Institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc purchased a new position in B&G Foods during the 2nd quarter valued at about $32,000. Versant Capital Management Inc lifted its holdings in shares of B&G Foods by 38.5% in the second quarter. Versant Capital Management Inc now owns 10,578 shares of the company’s stock worth $42,000 after buying an additional 2,941 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new stake in shares of B&G Foods in the second quarter worth about $44,000. Comerica Bank boosted its position in shares of B&G Foods by 53.3% in the fourth quarter. Comerica Bank now owns 10,706 shares of the company’s stock valued at $46,000 after acquiring an additional 3,722 shares during the period. Finally, Rockefeller Capital Management L.P. grew its stake in B&G Foods by 91.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 10,612 shares of the company’s stock valued at $46,000 after acquiring an additional 5,055 shares in the last quarter. Hedge funds and other institutional investors own 66.15% of the company’s stock.

B&G Foods Company Profile

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.