Fox Run Management L.L.C. Buys New Stake in B&G Foods, Inc. (NYSE:BGS)

Fox Run Management L.L.C. purchased a new position in B&G Foods, Inc. (NYSE:BGS) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 14,985 shares of the company’s stock, valued at approximately $103,000.

A number of other large investors have also made changes to their positions in BGS. Verition Fund Management LLC boosted its position in shares of B&G Foods by 3,480.9% in the 3rd quarter. Verition Fund Management LLC now owns 379,394 shares of the company’s stock worth $3,369,000 after purchasing an additional 368,799 shares in the last quarter. American Century Companies Inc. raised its stake in B&G Foods by 13.7% in the fourth quarter. American Century Companies Inc. now owns 2,226,706 shares of the company’s stock valued at $15,342,000 after buying an additional 267,455 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in B&G Foods in the fourth quarter worth about $1,132,000. Dana Investment Advisors Inc. grew its stake in shares of B&G Foods by 20.3% during the fourth quarter. Dana Investment Advisors Inc. now owns 764,745 shares of the company’s stock worth $5,269,000 after acquiring an additional 129,202 shares during the last quarter. Finally, Wedge Capital Management L L P NC acquired a new position in shares of B&G Foods during the fourth quarter valued at about $857,000. 66.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lowered their target price on shares of B&G Foods from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $8.10.

B&G Foods Trading Up 0.5 %

B&G Foods stock opened at $6.62 on Friday. The stock has a 50-day moving average price of $6.65 and a 200 day moving average price of $7.29. The company has a market capitalization of $523.50 million, a price-to-earnings ratio of -19.46 and a beta of 0.47. B&G Foods, Inc. has a 52 week low of $5.45 and a 52 week high of $11.72. The company has a quick ratio of 0.49, a current ratio of 1.64 and a debt-to-equity ratio of 2.40.

B&G Foods (NYSE:BGS) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. The business had revenue of $551.57 million during the quarter, compared to analysts’ expectations of $547.95 million. B&G Foods had a negative net margin of 1.34% and a positive return on equity of 6.97%. Sell-side analysts anticipate that B&G Foods, Inc. will post 0.7 EPS for the current year.

B&G Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 11.49%. The ex-dividend date of this dividend is Monday, March 31st. B&G Foods’s payout ratio is -23.90%.

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. Its products include frozen and canned vegetables, hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, and wine vinegar.