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

Caption Management LLC purchased a new stake in B&G Foods, Inc. (NYSE:BGS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 58,847 shares of the company's stock, valued at approximately $405,000. Caption Management LLC owned approximately 0.07% of B&G Foods as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of BGS. Barclays PLC grew its stake in B&G Foods by 310.1% in the third quarter. Barclays PLC now owns 130,693 shares of the company's stock valued at $1,160,000 after purchasing an additional 98,824 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of B&G Foods by 7.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 178,434 shares of the company's stock worth $1,584,000 after buying an additional 11,901 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of B&G Foods by 346.0% during the 4th quarter. GAMMA Investing LLC now owns 25,179 shares of the company's stock worth $173,000 after acquiring an additional 19,534 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in shares of B&G Foods during the 4th quarter worth approximately $857,000. Finally, Regent Peak Wealth Advisors LLC acquired a new stake in B&G Foods in the fourth quarter valued at approximately $81,000. Institutional investors own 66.15% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BGS shares. Piper Sandler decreased their price objective on B&G Foods from $7.00 to $5.00 and set a "neutral" rating for the company in a report on Thursday. Barclays lowered their price target on B&G Foods from $7.00 to $5.00 and set an "equal weight" rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $7.30.

B&G Foods Stock Performance

BGS stock remained flat at $4.48 during midday trading on Friday. The company had a trading volume of 3,734,261 shares, compared to its average volume of 1,570,143. The firm has a 50-day simple moving average of $6.62 and a two-hundred day simple moving average of $6.78. B&G Foods, Inc. has a one year low of $4.30 and a one year high of $9.78. The company has a current ratio of 1.64, a quick ratio of 0.49 and a debt-to-equity ratio of 2.40. The firm has a market cap of $357.50 million, a PE ratio of -13.18 and a beta of 0.74.

B&G Foods (NYSE:BGS - Get Free Report) last announced 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 during 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%. The company's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 earnings per share. On average, sell-side analysts predict that B&G Foods, Inc. will post 0.7 EPS for the current fiscal year.

B&G Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were given a dividend of $0.19 per share. The ex-dividend date was Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a yield of 16.96%. B&G Foods's dividend payout ratio is presently -28.57%.

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.