Insider Buying: B&G Foods (NYSE:BGS) Director Purchases $18,027.36 in Stock

Key Points

• B&G Foods director Deann Brunts purchased 5,616 shares at an average price of $3.21, investing $18,027.36 and increasing her direct ownership by 5.07% to 116,454 shares.
• B&G Foods reported quarterly EPS of $0.06, in line with estimates, but revenue fell 9.7% year over year to $383.27 million. The stock traded near its one-year low at $3.15.
• The company declared a quarterly dividend of $0.095 per share, equivalent to an annualized $0.38 payout and a 12.1% yield; analysts maintain a consensus “Reduce” rating with a $4.00 target price.

B&G Foods, Inc. (NYSE:BGS - Get Free Report) Director Deann Brunts bought 5,616 shares of the stock in a transaction on Monday, September 14th. The stock was purchased at an average price of $3.21 per share, for a total transaction of $18,027.36. Following the completion of the purchase, the director directly owned 116,454 shares in the company, valued at approximately $373,817.34. This represents a 5.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

B&G Foods Price Performance

Shares of BGS traded down $0.01 during mid-day trading on Tuesday, reaching $3.15. 1,486,844 shares of the stock traded hands, compared to its average volume of 2,122,014. The firm has a fifty day moving average price of $3.54 and a 200 day moving average price of $4.32. The company has a market cap of $255.61 million, a price-to-earnings ratio of -3.53 and a beta of 0.48. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 5.08. B&G Foods, Inc. has a 1 year low of $3.10 and a 1 year high of $6.38.

B&G Foods (NYSE:BGS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.06. The company had revenue of $383.27 million for the quarter, compared to the consensus estimate of $394.92 million. B&G Foods had a positive return on equity of 10.74% and a negative net margin of 4.00%.The firm's revenue was down 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 earnings per share. B&G Foods has set its FY 2026 guidance at 0.575-0.675 EPS. As a group, equities research analysts predict that B&G Foods, Inc. will post 0.57 earnings per share for the current year.

B&G Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date is Wednesday, September 30th. B&G Foods's dividend payout ratio (DPR) is -42.70%.

Analysts Set New Price Targets

Several research firms recently weighed in on BGS. Barclays decreased their price objective on shares of B&G Foods from $5.00 to $4.50 and set an "equal weight" rating on the stock in a research report on Thursday, August 13th. TD Cowen dropped their price target on B&G Foods from $4.00 to $3.00 and set a "sell" rating for the company in a research note on Wednesday, August 12th. Evercore set a $4.50 price objective on B&G Foods in a report on Wednesday, August 12th. Jefferies Financial Group set a $4.00 price objective on B&G Foods in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of B&G Foods in a report on Tuesday, August 11th. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, B&G Foods has a consensus rating of "Reduce" and a consensus target price of $4.00.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BGS. CastleKnight Management LP lifted its stake in shares of B&G Foods by 16.4% in the 4th quarter. CastleKnight Management LP now owns 898,794 shares of the company's stock valued at $3,865,000 after acquiring an additional 126,494 shares during the last quarter. Quantinno Capital Management LP increased its stake in B&G Foods by 58.6% in the 1st quarter. Quantinno Capital Management LP now owns 629,032 shares of the company's stock worth $3,026,000 after purchasing an additional 232,351 shares during the period. Corient Private Wealth LP increased its stake in B&G Foods by 29.6% in the 2nd quarter. Corient Private Wealth LP now owns 479,620 shares of the company's stock worth $1,909,000 after purchasing an additional 109,416 shares during the period. Renaissance Technologies LLC lifted its position in B&G Foods by 395.1% in the first quarter. Renaissance Technologies LLC now owns 420,800 shares of the company's stock valued at $2,024,000 after purchasing an additional 335,800 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of B&G Foods by 16.5% during the second quarter. Bank of New York Mellon Corp now owns 407,582 shares of the company's stock valued at $1,622,000 after purchasing an additional 57,620 shares during the period. Hedge funds and other institutional investors own 66.15% of the company's stock.

B&G Foods Company Profile

B&G Foods, Inc is a branded food company headquartered in Parsippany, New Jersey. The company develops, manufactures, sells and distributes a portfolio of shelf-stable and frozen food products, primarily through grocery stores, mass merchants, warehouse clubs, e-commerce retailers and foodservice channels in the United States and Canada.

Its product portfolio has included vegetables, beans, sauces, condiments, baking products, spices, seasonings, breakfast foods, snacks and frozen foods.

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