B&G Foods, Inc. (NYSE:BGS) Shares Acquired by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. increased its stake in shares of B&G Foods, Inc. (NYSE:BGS) by 23.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 710,244 shares of the company’s stock after purchasing an additional 134,937 shares during the period. Dana Investment Advisors Inc. owned 0.90% of B&G Foods worth $5,739,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BGS. Texas Permanent School Fund Corp raised its holdings in shares of B&G Foods by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 68,433 shares of the company’s stock valued at $783,000 after acquiring an additional 960 shares during the last quarter. Versant Capital Management Inc raised its stake in 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. Rhumbline Advisers lifted its holdings in B&G Foods by 0.7% in the 2nd quarter. Rhumbline Advisers now owns 248,716 shares of the company’s stock valued at $2,010,000 after purchasing an additional 1,625 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in B&G Foods by 3.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 55,725 shares of the company’s stock worth $450,000 after purchasing an additional 1,636 shares during the last quarter. Finally, SeaCrest Wealth Management LLC grew its holdings in shares of B&G Foods by 12.6% during the first quarter. SeaCrest Wealth Management LLC now owns 15,170 shares of the company’s stock worth $174,000 after buying an additional 1,700 shares in the last quarter. 66.15% of the stock is owned by hedge funds and other institutional investors.

B&G Foods Stock Up 0.4 %

BGS stock opened at $8.92 on Wednesday. B&G Foods, Inc. has a one year low of $7.20 and a one year high of $11.97. The firm has a market cap of $704.74 million, a PE ratio of -6.19 and a beta of 0.60. The firm’s 50 day moving average price is $8.60 and its 200-day moving average price is $9.30. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.48 and a current ratio of 1.63.

B&G Foods (NYSE:BGS) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. B&G Foods had a positive return on equity of 8.07% and a negative net margin of 5.82%. The business had revenue of $444.60 million for the quarter, compared to analyst estimates of $435.83 million. During the same quarter in the prior year, the company posted $0.15 EPS. The company’s quarterly revenue was down 5.3% on a year-over-year basis. On average, equities research analysts anticipate that B&G Foods, Inc. will post 0.74 EPS for the current year.

B&G Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 8.52%. The ex-dividend date is Monday, September 30th. B&G Foods’s dividend payout ratio (DPR) is -52.78%.

Analyst Ratings Changes

Several research firms have recently weighed in on BGS. Royal Bank of Canada reissued a “sector perform” rating and issued a $10.00 price target on shares of B&G Foods in a research note on Wednesday, August 7th. Piper Sandler dropped their price target on B&G Foods from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. StockNews.com upgraded B&G Foods from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. Evercore ISI raised B&G Foods to a “hold” rating in a research note on Wednesday, August 7th. Finally, Barclays cut their target price on B&G Foods from $10.00 to $8.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $8.67.

Insider Transactions at B&G Foods

In related news, EVP Jordan E. Greenberg sold 8,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $8.33, for a total value of $66,640.00. Following the sale, the executive vice president now owns 66,095 shares in the company, valued at approximately $550,571.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.20% of the company’s stock.

B&G Foods Profile

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.