Aquatic Capital Management LLC Takes $925,000 Position in B&G Foods, Inc. (NYSE:BGS)

Aquatic Capital Management LLC purchased a new stake in shares of B&G Foods, Inc. (NYSE:BGS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 134,194 shares of the company's stock, valued at approximately $925,000. Aquatic Capital Management LLC owned approximately 0.17% of B&G Foods as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BGS. PNC Financial Services Group Inc. increased its holdings in B&G Foods by 50.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,913 shares of the company's stock valued at $55,000 after purchasing an additional 2,658 shares in the last quarter. Independent Wealth Network Inc. acquired a new stake in shares of B&G Foods in the fourth quarter valued at about $77,000. SBI Securities Co. Ltd. acquired a new stake in shares of B&G Foods in the fourth quarter valued at about $79,000. Regent Peak Wealth Advisors LLC purchased a new stake in shares of B&G Foods during the 4th quarter valued at about $81,000. Finally, Prism Advisors Inc. acquired a new position in B&G Foods during the 4th quarter worth approximately $82,000. 66.15% of the stock is currently owned by hedge funds and other institutional investors.

B&G Foods Stock Down 0.5 %

BGS traded down $0.04 on Tuesday, reaching $6.38. 577,745 shares of the company traded hands, compared to its average volume of 1,474,217. B&G Foods, Inc. has a 52-week low of $5.45 and a 52-week high of $11.72. 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 has a market cap of $504.50 million, a price-to-earnings ratio of -18.75 and a beta of 0.74. The stock's 50 day moving average price is $6.76 and its 200-day moving average price is $6.86.

B&G Foods (NYSE:BGS - Get Free Report) last issued its 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 company had revenue of $551.57 million for the quarter, compared to analyst estimates of $547.95 million. B&G Foods had a positive return on equity of 6.97% and a negative net margin of 1.34%. On average, sell-side analysts expect that B&G Foods, Inc. will post 0.7 EPS for the current fiscal year.

B&G Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.76 annualized dividend and a yield of 11.92%. B&G Foods's dividend payout ratio (DPR) is presently -23.90%.

Analysts Set New Price Targets

Separately, Piper Sandler decreased their target price on shares of B&G Foods from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, B&G Foods currently has a consensus rating of "Hold" and a consensus target price of $8.10.

B&G Foods 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. It operates through the following segments: Specialty, Meals, Frozen & Vegetables, and Spices & Flavor Solutions.