SG Americas Securities LLC Sells 28,984 Shares of B&G Foods, Inc. (NYSE:BGS)

SG Americas Securities LLC decreased its position in shares of B&G Foods, Inc. (NYSE:BGS) by 73.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,734 shares of the company’s stock after selling 28,984 shares during the period. SG Americas Securities LLC’s holdings in B&G Foods were worth $74,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BGS. nVerses Capital LLC increased its position in shares of B&G Foods by 34.1% in the third quarter. nVerses Capital LLC now owns 5,500 shares of the company’s stock worth $49,000 after purchasing an additional 1,400 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of B&G Foods in the third quarter worth $102,000. Regent Peak Wealth Advisors LLC bought a new position in shares of B&G Foods in the fourth quarter worth $81,000. PFG Investments LLC increased its position in shares of B&G Foods by 12.5% in the third quarter. PFG Investments LLC now owns 18,045 shares of the company’s stock worth $160,000 after purchasing an additional 2,008 shares during the period. Finally, Versor Investments LP increased its position in shares of B&G Foods by 13.4% in the third quarter. Versor Investments LP now owns 24,300 shares of the company’s stock worth $216,000 after purchasing an additional 2,862 shares during the period. Institutional investors own 66.15% of the company’s stock.

Analysts Set New Price Targets

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

B&G Foods Stock Performance

Shares of BGS stock opened at $6.12 on Friday. The business’s 50-day moving average price is $6.80 and its 200-day moving average price is $7.65. B&G Foods, Inc. has a 12 month low of $5.45 and a 12 month high of $11.97. The firm has a market capitalization of $484.72 million, a price-to-earnings ratio of -18.01 and a beta of 0.50. The company has a current ratio of 1.64, a quick ratio of 0.49 and a debt-to-equity ratio of 2.40.

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