254,770 Shares in B&G Foods, Inc. $BGS Acquired by Nuveen LLC

Key Points

• Nuveen LLC acquired 254,770 shares of B&G Foods, Inc., valued at approximately $1,750,000, during the first quarter, now holding about 0.32% of the company.
• Multiple institutional investors significantly increased their holdings in B&G Foods, with Signaturefd LLC's stake rising by 930.2% in the same quarter.
• Recent analyst reports show that B&G Foods' stock target prices have been lowered, with an average rating of "Reduce" and a consensus price target of $6.10.

Nuveen LLC purchased a new position in shares of B&G Foods, Inc. (NYSE:BGS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 254,770 shares of the company's stock, valued at approximately $1,750,000. Nuveen LLC owned 0.32% of B&G Foods as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of B&G Foods during the 4th quarter worth approximately $1,132,000. Dimensional Fund Advisors LP lifted its holdings in B&G Foods by 28.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,353,557 shares of the company's stock valued at $23,106,000 after purchasing an additional 744,898 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in B&G Foods by 5.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 31,158 shares of the company's stock worth $215,000 after purchasing an additional 1,718 shares during the period. Stifel Financial Corp increased its holdings in shares of B&G Foods by 3.7% in the fourth quarter. Stifel Financial Corp now owns 188,231 shares of the company's stock valued at $1,297,000 after purchasing an additional 6,702 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of B&G Foods by 14.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 71,940 shares of the company's stock valued at $496,000 after purchasing an additional 9,225 shares during the period. Institutional investors and hedge funds own 66.15% of the company's stock.

Analyst Ratings Changes

BGS has been the subject of several research analyst reports. Piper Sandler reduced their target price on shares of B&G Foods from $7.00 to $5.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Royal Bank Of Canada reduced their price objective on B&G Foods from $6.00 to $5.00 and set a "sector perform" rating for the company in a report on Tuesday, August 5th. Finally, Barclays lowered their target price on B&G Foods from $5.00 to $4.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 15th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, B&G Foods has an average rating of "Reduce" and an average target price of $6.10.

B&G Foods Price Performance

Shares of B&G Foods stock traded up $0.11 on Wednesday, reaching $4.47. 661,177 shares of the stock were exchanged, compared to its average volume of 2,451,010. The company has a debt-to-equity ratio of 3.96, a quick ratio of 0.89 and a current ratio of 2.93. The firm has a market cap of $357.20 million, a PE ratio of -1.58 and a beta of 0.46. The firm's 50 day moving average is $4.31 and its 200-day moving average is $5.30. B&G Foods, Inc. has a one year low of $3.67 and a one year high of $9.44.

B&G Foods (NYSE:BGS - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.03). The firm had revenue of $424.43 million for the quarter, compared to analyst estimates of $427.80 million. B&G Foods had a negative net margin of 12.02% and a positive return on equity of 7.16%. The firm's revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 earnings per share. B&G Foods has set its FY 2025 guidance at 0.500-0.600 EPS. As a group, analysts anticipate that B&G Foods, Inc. will post 0.7 EPS for the current fiscal year.

B&G Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Tuesday, September 30th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.76 annualized dividend and a yield of 17.0%. B&G Foods's dividend payout ratio (DPR) is -26.86%.

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.