Janney Montgomery Scott LLC Has $200,000 Stock Holdings in B&G Foods, Inc. (NYSE:BGS)

Janney Montgomery Scott LLC decreased its holdings in B&G Foods, Inc. (NYSE:BGS) by 88.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,961 shares of the company’s stock after selling 225,304 shares during the quarter. Janney Montgomery Scott LLC’s holdings in B&G Foods were worth $200,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Regent Peak Wealth Advisors LLC acquired a new position in shares of B&G Foods in the 4th quarter valued at $81,000. Wedge Capital Management L L P NC acquired a new position in shares of B&G Foods in the 4th quarter valued at $857,000. GAMMA Investing LLC raised its stake in shares of B&G Foods by 346.0% in the 4th quarter. GAMMA Investing LLC now owns 25,179 shares of the company’s stock valued at $173,000 after buying an additional 19,534 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of B&G Foods by 7.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 178,434 shares of the company’s stock worth $1,584,000 after purchasing an additional 11,901 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of B&G Foods by 310.1% in the 3rd quarter. Barclays PLC now owns 130,693 shares of the company’s stock worth $1,160,000 after purchasing an additional 98,824 shares during the last quarter. Institutional investors and hedge funds own 66.15% of the company’s stock.

B&G Foods Stock Up 2.4 %

Shares of NYSE:BGS opened at $6.12 on Friday. B&G Foods, Inc. has a 12 month low of $5.45 and a 12 month high of $11.97. The company’s 50-day moving average price is $6.80 and its two-hundred day moving average price is $7.65. The company has a quick ratio of 0.49, a current ratio of 1.64 and a debt-to-equity ratio of 2.40. The firm has a market cap of $484.72 million, a P/E ratio of -18.01 and a beta of 0.50.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Evercore ISI lowered their target price on shares of B&G Foods from $10.00 to $9.00 and set an “in-line” rating on the stock in a report on Wednesday, November 6th. Barclays lowered their target price on shares of B&G Foods from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. Finally, TD Cowen lowered their target price on shares of B&G Foods from $8.00 to $7.50 and set a “sell” rating on the stock in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.30.

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.