B&G Foods, Inc. (NYSE:BGS - Get Free Report) EVP Andrew D. Vogel acquired 7,500 shares of the business's stock in a transaction dated Wednesday, November 13th. The stock was acquired at an average cost of $6.36 per share, with a total value of $47,700.00. Following the completion of the transaction, the executive vice president now owns 37,064 shares of the company's stock, valued at approximately $235,727.04. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
B&G Foods Price Performance
B&G Foods stock opened at $6.29 on Thursday. The stock's fifty day moving average price is $8.40 and its two-hundred day moving average price is $8.66. B&G Foods, Inc. has a one year low of $6.25 and a one year high of $11.97. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.64 and a quick ratio of 0.49. The firm has a market cap of $497.92 million, a PE ratio of -18.50 and a beta of 0.61.
B&G Foods (NYSE:BGS - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.07). B&G Foods had a positive return on equity of 6.97% and a negative net margin of 1.34%. The company had revenue of $461.10 million for the quarter, compared to the consensus estimate of $473.82 million. During the same quarter last year, the business earned $0.27 EPS. B&G Foods's revenue was down 8.3% on a year-over-year basis. As a group, research analysts expect that B&G Foods, Inc. will post 0.73 EPS for the current fiscal year.
B&G Foods Dividend Announcement
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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a yield of 12.08%. B&G Foods's dividend payout ratio (DPR) is presently -223.52%.
Hedge Funds Weigh In On B&G Foods
A number of hedge funds have recently added to or reduced their stakes in BGS. Innealta Capital LLC bought a new position in shares of B&G Foods in the 2nd quarter valued at $33,000. nVerses Capital LLC bought a new position in shares of B&G Foods in the 2nd quarter valued at $33,000. Versant Capital Management Inc increased its stake in shares of B&G Foods by 36.9% in the 2nd quarter. Versant Capital Management Inc now owns 5,768 shares of the company's stock valued at $47,000 after purchasing an additional 1,555 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of B&G Foods by 1,556.9% in the 1st quarter. Russell Investments Group Ltd. now owns 4,921 shares of the company's stock valued at $56,000 after purchasing an additional 4,624 shares during the last quarter. Finally, LRI Investments LLC bought a new position in shares of B&G Foods in the 1st quarter valued at $60,000. Institutional investors own 66.15% of the company's stock.
Analysts Set New Price Targets
Several research firms recently weighed in on BGS. Evercore ISI dropped their price target on B&G Foods from $10.00 to $9.00 and set an "in-line" rating for the company in a report on Wednesday, November 6th. StockNews.com raised B&G Foods from a "sell" rating to a "hold" rating in a report on Thursday, September 26th. Barclays dropped their price target on B&G Foods from $8.00 to $7.00 and set an "equal weight" rating for the company in a report on Thursday, November 7th. TD Cowen dropped their price target on B&G Foods from $8.00 to $7.50 and set a "sell" rating for the company in a report on Wednesday, November 6th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $10.00 price target on shares of B&G Foods in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $8.30.
Check Out Our Latest Stock Analysis on B&G Foods
B&G Foods Company Profile
(
Get Free Report)
B&G Foods, Inc manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico. The company's products include frozen and canned vegetables, vegetables, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrups, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, crackers, baking powder and soda, corn starch, nut clusters, and other specialty products.
Further Reading
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