Jump Financial LLC Buys 320,009 Shares of B&G Foods, Inc. $BGS

Key Points

• Jump Financial LLC significantly increased its stake in B&G Foods by 2,050.2% in the first quarter, owning 335,618 shares valued at approximately $2.3 million.
• Analysts have reduced their price targets for B&G Foods, with Barclays lowering it from $5.00 to $4.00, rating the stock as "equal weight."
• B&G Foods recently announced a dividend of $0.19 per share, reflecting an annualized yield of 17.3%, despite a negative dividend payout ratio.

Jump Financial LLC lifted its stake in shares of B&G Foods, Inc. (NYSE:BGS - Free Report) by 2,050.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 335,618 shares of the company's stock after purchasing an additional 320,009 shares during the quarter. Jump Financial LLC owned 0.42% of B&G Foods worth $2,306,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Investors Asset Management of Georgia Inc. GA ADV raised its holdings in B&G Foods by 3.1% in the 1st quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 53,791 shares of the company's stock valued at $370,000 after buying an additional 1,602 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in B&G Foods by 5.8% in 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in B&G Foods by 4.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,463 shares of the company's stock worth $306,000 after purchasing an additional 1,900 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in B&G Foods by 2.3% in the first quarter. SummerHaven Investment Management LLC now owns 100,737 shares of the company's stock worth $692,000 after acquiring an additional 2,219 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in B&G Foods by 2.9% in the first quarter. US Bancorp DE now owns 81,823 shares of the company's stock worth $562,000 after acquiring an additional 2,278 shares in the last quarter. 66.15% of the stock is owned by institutional investors.

B&G Foods Price Performance

Shares of BGS stock traded up $0.07 during trading hours on Monday, reaching $4.52. The stock had a trading volume of 1,542,790 shares, compared to its average volume of 2,510,696. The stock's fifty day simple moving average is $4.31 and its 200 day simple moving average is $5.30. The company has a current ratio of 2.93, a quick ratio of 0.89 and a debt-to-equity ratio of 3.96. B&G Foods, Inc. has a 12 month low of $3.67 and a 12 month high of $9.44. The firm has a market capitalization of $361.20 million, a PE ratio of -1.60 and a beta of 0.46.

B&G Foods (NYSE:BGS - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.04 EPS 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 the consensus estimate of $427.80 million. During the same quarter last year, the business posted $0.08 earnings per share. B&G Foods's revenue 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. On average, equities research analysts predict that B&G Foods, Inc. will post 0.7 EPS for the current year.

B&G Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Tuesday, September 30th will be given 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 is -26.86%.

Analyst Upgrades and Downgrades

BGS has been the subject of several recent 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 research note on Thursday, May 8th. Barclays reduced their target price 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, Royal Bank Of Canada lowered their price target on shares of 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. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, B&G Foods presently has a consensus rating of "Reduce" and an average target price 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.