Bridgeway Capital Management LLC Purchases 82,494 Shares of B&G Foods, Inc. (NYSE:BGS)

Bridgeway Capital Management LLC raised its position in B&G Foods, Inc. (NYSE:BGS - Free Report) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 615,114 shares of the company's stock after purchasing an additional 82,494 shares during the quarter. Bridgeway Capital Management LLC owned 0.78% of B&G Foods worth $4,238,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of B&G Foods by 28.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,353,557 shares of the company's stock valued at $23,106,000 after buying an additional 744,898 shares during the period. American Century Companies Inc. increased its position in B&G Foods by 13.7% in the 4th quarter. American Century Companies Inc. now owns 2,226,706 shares of the company's stock valued at $15,342,000 after acquiring an additional 267,455 shares during the period. Geode Capital Management LLC raised its stake in shares of B&G Foods by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,809,054 shares of the company's stock valued at $12,468,000 after acquiring an additional 5,646 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of B&G Foods by 55.7% during the fourth quarter. Invesco Ltd. now owns 1,132,834 shares of the company's stock worth $7,805,000 after purchasing an additional 405,033 shares during the period. Finally, Northern Trust Corp grew its stake in shares of B&G Foods by 10.0% in the fourth quarter. Northern Trust Corp now owns 872,186 shares of the company's stock worth $6,009,000 after purchasing an additional 79,226 shares during the last quarter. 66.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

B&G Foods Price Performance

Shares of NYSE BGS opened at $4.75 on Thursday. The company has a market capitalization of $375.91 million, a PE ratio of -13.97 and a beta of 0.74. The company has a quick ratio of 0.49, a current ratio of 1.64 and a debt-to-equity ratio of 2.40. B&G Foods, Inc. has a twelve month low of $4.30 and a twelve month high of $11.72. The firm has a fifty day simple moving average of $6.71 and a 200 day simple moving average of $6.85.

B&G Foods (NYSE:BGS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.12). B&G Foods had a positive return on equity of 6.97% and a negative net margin of 1.34%. The business had revenue of $425.40 million during the quarter, compared to the consensus estimate of $459.40 million. During the same period last year, the business posted $0.18 earnings per share. The business's revenue was down 10.5% on a year-over-year basis. On average, sell-side analysts forecast that B&G Foods, Inc. will post 0.7 EPS for the current year.

B&G Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were paid a $0.19 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.76 annualized dividend and a dividend yield of 16.00%. B&G Foods's dividend payout ratio is currently -23.90%.

About B&G Foods

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.

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