58,847 Shares in B&G Foods, Inc. (NYSE:BGS) Acquired by Caption Management LLC

Caption Management LLC purchased a new stake in shares of B&G Foods, Inc. (NYSE:BGS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 58,847 shares of the company's stock, valued at approximately $405,000. Caption Management LLC owned 0.07% of B&G Foods as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its holdings in shares of 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 worth $55,000 after acquiring an additional 2,658 shares during the last quarter. Independent Wealth Network Inc. purchased a new stake in B&G Foods in the fourth quarter valued at approximately $77,000. SBI Securities Co. Ltd. purchased a new position in shares of B&G Foods during the fourth quarter worth $79,000. Regent Peak Wealth Advisors LLC purchased a new position in shares of B&G Foods during the fourth quarter worth $81,000. Finally, Prism Advisors Inc. acquired a new stake in shares of B&G Foods in the fourth quarter valued at $82,000. 66.15% of the stock is currently owned by institutional investors and hedge funds.

B&G Foods Stock Down 1.3%

B&G Foods stock traded down $0.06 during trading on Tuesday, reaching $4.44. The stock had a trading volume of 1,071,645 shares, compared to its average volume of 1,576,831. 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 52-week low of $4.30 and a 52-week high of $9.78. The stock has a market cap of $354.30 million, a PE ratio of -13.06 and a beta of 0.74. The business has a 50 day moving average price of $6.57 and a 200 day moving average price of $6.75.

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

B&G Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 17.12%. The ex-dividend date of this dividend was Monday, March 31st. B&G Foods's dividend payout ratio (DPR) is -28.57%.

Analyst Ratings Changes

A number of brokerages recently commented on BGS. Barclays lowered their target price on B&G Foods from $7.00 to $5.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Piper Sandler cut their target price on shares of B&G Foods from $7.00 to $5.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $7.30.

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