Quantinno Capital Management LP Has $3.03 Million Position in B&G Foods, Inc. $BGS

Quantinno Capital Management LP lifted its stake in B&G Foods, Inc. (NYSE:BGS) by 58.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 629,032 shares of the company’s stock after acquiring an additional 232,351 shares during the quarter. Quantinno Capital Management LP owned approximately 0.78% of B&G Foods worth $3,026,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Comerica Bank increased its position in B&G Foods by 53.3% in the 4th quarter. Comerica Bank now owns 10,706 shares of the company’s stock worth $46,000 after purchasing an additional 3,722 shares during the last quarter. Summit Securities Group LLC lifted its holdings in shares of B&G Foods by 37.1% during the 4th quarter. Summit Securities Group LLC now owns 14,400 shares of the company’s stock valued at $62,000 after buying an additional 3,900 shares during the last quarter. Prudential Financial Inc. raised its position in B&G Foods by 5.6% during the second quarter. Prudential Financial Inc. now owns 83,807 shares of the company’s stock valued at $355,000 after acquiring an additional 4,447 shares in the last quarter. Kestra Advisory Services LLC raised its position in B&G Foods by 29.4% during the first quarter. Kestra Advisory Services LLC now owns 21,765 shares of the company’s stock valued at $105,000 after acquiring an additional 4,943 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in B&G Foods by 91.0% in 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 during the last quarter. 66.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on BGS shares. Weiss Ratings downgraded shares of B&G Foods from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Thursday, May 14th. Jefferies Financial Group set a $4.00 price objective on shares of B&G Foods in a research note on Wednesday, July 22nd. Finally, Barclays decreased their price objective on shares of B&G Foods from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Tuesday, July 21st. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, B&G Foods presently has an average rating of “Reduce” and an average price target of $4.38.

B&G Foods Stock Performance

BGS opened at $3.50 on Friday. The company has a quick ratio of 1.42, a current ratio of 2.99 and a debt-to-equity ratio of 4.96. The stock’s 50 day moving average price is $3.83 and its two-hundred day moving average price is $4.57. The firm has a market capitalization of $284.50 million, a P/E ratio of -3.65 and a beta of 0.49. B&G Foods, Inc. has a 12-month low of $3.42 and a 12-month high of $6.38.

B&G Foods (NYSE:BGS) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. The company had revenue of $365.13 million during the quarter, compared to analyst estimates of $398.81 million. B&G Foods had a positive return on equity of 9.67% and a negative net margin of 4.23%.The company’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.04 earnings per share. B&G Foods has set its FY 2026 guidance at 0.575-0.675 EPS. On average, equities analysts forecast that B&G Foods, Inc. will post 0.57 earnings per share for the current year.

B&G Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date of this dividend is Wednesday, September 30th. B&G Foods’s dividend payout ratio (DPR) is presently -39.58%.

About B&G Foods

B&G Foods, Inc is a packaged foods holding company that develops, markets and distributes a diversified portfolio of branded shelf-stable and frozen food products. Headquartered in Parsippany, New Jersey, the company serves retail and foodservice customers across the United States and Canada. Through its network of manufacturing facilities, third-party co-packers and distribution partners, B&G Foods supplies grocery chains, mass merchandisers, club stores and e-commerce platforms.

The company’s product portfolio spans multiple categories, including vegetables, beans, soups, sauces and condiments, snacks, cereals and refrigerated or frozen offerings.