58,460 Shares in B&G Foods, Inc. $BGS Bought by EntryPoint Capital LLC

Key Points

• EntryPoint Capital LLC acquired 58,460 shares of B&G Foods, valued at approximately $402,000, raising its stake to 0.07% of the company.
• B&G Foods reported a quarterly earnings miss, with an EPS of $0.04 compared to the consensus estimate of $0.07, and a 4.5% decline in revenue year over year.
• The company announced a quarterly dividend of $0.19, representing an annualized yield of 17.2% set to be paid on October 27th.

EntryPoint Capital LLC acquired 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 disclosure with the SEC. The firm acquired 58,460 shares of the company's stock, valued at approximately $402,000. EntryPoint Capital LLC owned 0.07% of B&G Foods as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in BGS. Dimensional Fund Advisors LP boosted its position in shares of 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 worth $23,106,000 after purchasing an additional 744,898 shares during the period. Two Sigma Investments LP boosted its position in shares of B&G Foods by 113.2% during the 4th quarter. Two Sigma Investments LP now owns 830,817 shares of the company's stock worth $5,724,000 after purchasing an additional 441,117 shares during the period. Invesco Ltd. boosted its position in shares of B&G Foods by 55.7% during the 4th 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. Barclays PLC boosted its position in shares of B&G Foods by 267.5% during the 4th quarter. Barclays PLC now owns 480,312 shares of the company's stock worth $3,308,000 after purchasing an additional 349,619 shares during the period. Finally, Two Sigma Advisers LP boosted its position in shares of B&G Foods by 279.0% during the 4th quarter. Two Sigma Advisers LP now owns 458,200 shares of the company's stock worth $3,157,000 after purchasing an additional 337,300 shares during the period. Hedge funds and other institutional investors own 66.15% of the company's stock.

Wall Street Analyst Weigh In

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

B&G Foods Stock Down 1.2%

Shares of BGS traded down $0.0550 during midday trading on Monday, reaching $4.5250. The stock had a trading volume of 1,543,627 shares, compared to its average volume of 2,465,076. B&G Foods, Inc. has a 1-year low of $3.67 and a 1-year high of $9.44. The company's fifty day simple moving average is $4.29 and its two-hundred day simple moving average is $5.36. The company has a market cap of $362 million, a price-to-earnings ratio of -1.60 and a beta of 0.48. The company has a debt-to-equity ratio of 3.96, a current ratio of 2.93 and a quick ratio of 0.89.

B&G Foods (NYSE:BGS - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $424.43 million during the quarter, compared to analyst estimates of $427.80 million. During the same quarter in the previous year, the business posted $0.08 earnings per share. B&G Foods's revenue for the quarter was down 4.5% compared to the same quarter last year. B&G Foods has set its FY 2025 guidance at 0.500-0.600 EPS. Equities research analysts expect that B&G Foods, Inc. will post 0.7 earnings per share for the current year.

B&G Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Tuesday, September 30th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis 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%.

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.