127,300 Shares in B&G Foods, Inc. $BGS Bought by Versor Investments LP

Key Points

• Versor Investments LP has acquired a new stake in B&G Foods, purchasing 127,300 shares valued at about $875,000, amounting to 0.16% ownership of the company.
• Analysts have recently reduced their price targets for B&G Foods, with Barclays setting a new target of $4.00, while the consensus rating remains at "Hold" with an average target price of $6.10.
• B&G Foods announced a quarterly dividend of $0.19 per share, equating to an annual yield of 17.8%, with the payout set for October 27th.

Versor Investments LP purchased a new stake in B&G Foods, Inc. (NYSE:BGS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 127,300 shares of the company's stock, valued at approximately $875,000. Versor Investments LP owned 0.16% of B&G Foods at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BGS. Caitong International Asset Management Co. Ltd boosted its stake in B&G Foods by 3,217.8% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 5,043 shares of the company's stock valued at $35,000 after purchasing an additional 4,891 shares during the period. Signaturefd LLC boosted its stake in B&G Foods by 930.2% in the 1st quarter. Signaturefd LLC now owns 6,748 shares of the company's stock valued at $46,000 after purchasing an additional 6,093 shares during the period. CWM LLC boosted its stake in B&G Foods by 61.2% in the 1st quarter. CWM LLC now owns 7,518 shares of the company's stock valued at $52,000 after purchasing an additional 2,855 shares during the period. Sigma Planning Corp bought a new stake in B&G Foods in the 1st quarter valued at $69,000. Finally, Teacher Retirement System of Texas bought a new stake in B&G Foods in the 1st quarter valued at $80,000. 66.15% of the stock is currently owned by institutional investors.

B&G Foods Price Performance

Shares of NYSE:BGS traded up $0.1150 during trading on Friday, reaching $4.5850. 2,497,967 shares of the company traded hands, compared to its average volume of 2,545,400. The company's 50 day moving average is $4.29 and its two-hundred day moving average is $5.36. The firm has a market capitalization of $366.80 million, a PE ratio of -1.62 and a beta of 0.48. The company has a quick ratio of 0.89, a current ratio of 2.93 and a debt-to-equity ratio of 3.96. B&G Foods, Inc. has a 52 week low of $3.67 and a 52 week high of $9.44.

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 analysts' consensus estimates of $0.07 by ($0.03). The company had revenue of $424.43 million for the quarter, compared to the consensus estimate 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 business's revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. B&G Foods has set its FY 2025 guidance at 0.500-0.600 EPS. As a group, sell-side analysts predict that B&G Foods, Inc. will post 0.7 earnings per share for the current 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 given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 16.6%. The ex-dividend date is Tuesday, September 30th. B&G Foods's dividend payout ratio is currently -26.86%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Royal Bank Of Canada reduced their price target on B&G Foods from $6.00 to $5.00 and set a "sector perform" rating for the company in a research note on Tuesday, August 5th. Piper Sandler reduced their price target on 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. Finally, Barclays cut their target price on 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. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $6.10.

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.