Andrew D. Vogel Acquires 7,500 Shares of B&G Foods, Inc. (NYSE:BGS) Stock

B&G Foods, Inc. (NYSE:BGS) EVP Andrew D. Vogel acquired 7,500 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were bought at an average cost of $6.36 per share, for a total transaction of $47,700.00. Following the transaction, the executive vice president now directly owns 37,064 shares in the company, valued at approximately $235,727.04. This represents a 25.37 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

B&G Foods Stock Performance

NYSE:BGS opened at $6.30 on Friday. B&G Foods, Inc. has a 52 week low of $6.25 and a 52 week high of $11.97. The firm has a 50-day moving average price of $8.40 and a two-hundred day moving average price of $8.66. The company has a current ratio of 1.64, a quick ratio of 0.49 and a debt-to-equity ratio of 2.40.

B&G Foods (NYSE:BGS) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). The business had revenue of $461.10 million for the quarter, compared to the consensus estimate of $473.82 million. B&G Foods had a positive return on equity of 6.97% and a negative net margin of 1.34%. The business’s revenue was down 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 earnings per share. Analysts forecast that B&G Foods, Inc. will post 0.73 earnings per share for the current year.

B&G Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 12.07%. The ex-dividend date is Tuesday, December 31st. B&G Foods’s payout ratio is -223.52%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. StockNews.com raised B&G Foods from a “sell” rating to a “hold” rating in a research note on Thursday, September 26th. TD Cowen decreased their price target on shares of B&G Foods from $8.00 to $7.50 and set a “sell” rating for the company in a research note on Wednesday, November 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $10.00 price objective on shares of B&G Foods in a research note on Wednesday, August 7th. Barclays lowered their price objective on B&G Foods from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. Finally, Evercore ISI decreased 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. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, B&G Foods presently has an average rating of “Hold” and a consensus price target of $8.30.

Institutional Investors Weigh In On B&G Foods

Large investors have recently modified their holdings of the stock. Innealta Capital LLC purchased a new stake in B&G Foods during the second quarter valued at about $33,000. nVerses Capital LLC bought a new position in B&G Foods in the 2nd quarter worth approximately $33,000. Versant Capital Management Inc grew its position in shares of B&G Foods by 36.9% in the second 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 in the last quarter. Russell Investments Group Ltd. grew its holdings in B&G Foods by 1,556.9% during the 1st quarter. Russell Investments Group Ltd. now owns 4,921 shares of the company’s stock valued at $56,000 after buying an additional 4,624 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in B&G Foods during the 1st quarter worth approximately $60,000. Hedge funds and other institutional investors own 66.15% of the company’s stock.

B&G Foods Company 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.