Campbell & CO Investment Adviser LLC Buys 225,096 Shares of B&G Foods, Inc. $BGS

Key Points

• Campbell & CO Investment Adviser LLC has significantly increased its holdings in B&G Foods, Inc. by 375.7%, now owning 285,006 shares valued at approximately $1.96 million.
• B&G Foods has reported a quarterly earnings miss, with $0.04 EPS, falling short of the estimated $0.07, and a revenue decline of 4.5% year-over-year.
• The company has announced a quarterly dividend of $0.19, resulting in a yield of 16.8%, to be paid on October 27th.

Campbell & CO Investment Adviser LLC boosted its holdings in shares of B&G Foods, Inc. (NYSE:BGS - Free Report) by 375.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 285,006 shares of the company's stock after buying an additional 225,096 shares during the quarter. Campbell & CO Investment Adviser LLC owned about 0.36% of B&G Foods worth $1,958,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BGS. Caitong International Asset Management Co. Ltd increased its position in B&G Foods by 3,217.8% during the first quarter. Caitong International Asset Management Co. Ltd now owns 5,043 shares of the company's stock worth $35,000 after buying an additional 4,891 shares during the last quarter. Signaturefd LLC increased its position in B&G Foods by 930.2% during the first quarter. Signaturefd LLC now owns 6,748 shares of the company's stock worth $46,000 after buying an additional 6,093 shares during the last quarter. CWM LLC increased its position in B&G Foods by 61.2% during the first quarter. CWM LLC now owns 7,518 shares of the company's stock worth $52,000 after buying an additional 2,855 shares during the last quarter. Sigma Planning Corp acquired a new position in B&G Foods during the first quarter worth $69,000. Finally, Teacher Retirement System of Texas acquired a new position in B&G Foods during the first quarter worth $80,000. 66.15% of the stock is owned by institutional investors and hedge funds.

B&G Foods Stock Performance

Shares of NYSE:BGS traded up $0.07 during midday trading on Friday, hitting $4.52. The company's stock had a trading volume of 1,542,790 shares, compared to its average volume of 2,510,696. 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 stock's 50 day simple moving average is $4.31 and its 200 day simple moving average is $5.31. B&G Foods, Inc. has a fifty-two week low of $3.67 and a fifty-two week high of $9.44. The stock has a market capitalization of $361.20 million, a price-to-earnings ratio of -1.60 and a beta of 0.46.

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

B&G Foods Dividend Announcement

The business also recently announced 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. This represents a $0.76 annualized dividend and a dividend yield of 16.8%. The ex-dividend date is Tuesday, September 30th. B&G Foods's dividend payout ratio (DPR) is presently -26.86%.

Wall Street Analysts Forecast Growth

Several research firms have commented on BGS. Barclays lowered their target price on shares of B&G Foods from $5.00 to $4.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 15th. Royal Bank Of Canada lowered their price target on B&G Foods from $6.00 to $5.00 and set a "sector perform" rating on the stock in a research report on Tuesday, August 5th. Finally, Piper Sandler lowered their price target on B&G Foods from $7.00 to $5.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $6.10.

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.