11,900 Shares in B&G Foods, Inc. (NYSE:BGS) Purchased by Prism Advisors Inc.

Prism Advisors Inc. purchased a new position in B&G Foods, Inc. (NYSE:BGS) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,900 shares of the company’s stock, valued at approximately $82,000.

A number of other institutional investors also recently bought and sold shares of the business. nVerses Capital LLC lifted its holdings in shares of B&G Foods by 34.1% in the 3rd quarter. nVerses Capital LLC now owns 5,500 shares of the company’s stock valued at $49,000 after buying an additional 1,400 shares during the period. Independent Wealth Network Inc. purchased a new position in B&G Foods during the fourth quarter valued at approximately $77,000. Regent Peak Wealth Advisors LLC purchased a new position in B&G Foods during the fourth quarter valued at approximately $81,000. Fifth Third Bancorp lifted its holdings in B&G Foods by 260.9% in the fourth quarter. Fifth Third Bancorp now owns 13,500 shares of the company’s stock valued at $93,000 after acquiring an additional 9,759 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in B&G Foods in the 3rd quarter worth approximately $102,000. 66.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BGS shares. TD Cowen cut their target price on shares of B&G Foods from $8.00 to $7.50 and set a “sell” rating for the company in a report on Wednesday, November 6th. Barclays cut their price objective on shares of B&G Foods from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. Finally, Evercore ISI lowered their target price on shares of B&G Foods from $10.00 to $9.00 and set an “in-line” rating on the stock in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $8.30.

Insider Activity

In other B&G Foods news, Director Stephen Sherrill bought 70,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was acquired at an average price of $6.63 per share, with a total value of $464,100.00. Following the completion of the acquisition, the director now directly owns 353,084 shares of the company’s stock, valued at $2,340,946.92. This represents a 24.73 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric H. Hart bought 5,000 shares of B&G Foods stock in a transaction dated Friday, November 15th. The stock was acquired at an average price of $6.25 per share, with a total value of $31,250.00. Following the completion of the transaction, the executive vice president now directly owns 88,899 shares of the company’s stock, valued at approximately $555,618.75. The trade was a 5.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 90,111 shares of company stock worth $593,054 over the last quarter. 3.20% of the stock is currently owned by corporate insiders.

B&G Foods Trading Up 0.7 %

B&G Foods stock opened at $6.63 on Monday. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.64 and a quick ratio of 0.49. The company’s fifty day moving average price is $6.88 and its 200 day moving average price is $7.83. B&G Foods, Inc. has a 1 year low of $6.12 and a 1 year high of $11.97.

B&G Foods (NYSE:BGS) last announced its earnings results on Tuesday, November 5th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.07). B&G Foods had a negative net margin of 1.34% and a positive return on equity of 6.97%. The company had revenue of $461.10 million during the quarter, compared to analyst estimates of $473.82 million. During the same quarter last year, the business earned $0.27 EPS. The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. On average, sell-side analysts forecast that B&G Foods, Inc. will post 0.7 EPS for the current fiscal year.

B&G Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 11.47%. B&G Foods’s payout ratio is currently -223.52%.

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.