135,197 Shares in B&G Foods, Inc. (NYSE:BGS) Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new position in B&G Foods, Inc. (NYSE:BGS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 135,197 shares of the company’s stock, valued at approximately $1,201,000. Landscape Capital Management L.L.C. owned 0.17% of B&G Foods as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of BGS. Innealta Capital LLC purchased a new stake in shares of B&G Foods in the second quarter valued at $33,000. nVerses Capital LLC acquired a new position in shares of B&G Foods during the 2nd quarter valued at about $33,000. Versant Capital Management Inc increased its stake in shares of B&G Foods by 36.9% during the 2nd quarter. Versant Capital Management Inc now owns 5,768 shares of the company’s stock valued at $47,000 after acquiring an additional 1,555 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of 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 worth $56,000 after acquiring an additional 4,624 shares during the period. Finally, LRI Investments LLC acquired a new stake in shares of B&G Foods in the first quarter worth approximately $60,000. 66.15% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other B&G Foods news, EVP Jordan E. Greenberg sold 8,000 shares of B&G Foods stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $8.33, for a total transaction of $66,640.00. Following the sale, the executive vice president now directly owns 66,095 shares in the company, valued at $550,571.35. The trade was a 10.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen Sherrill bought 70,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was acquired at an average cost of $6.63 per share, for a total transaction of $464,100.00. Following the completion of the transaction, the director now owns 353,084 shares in the company, valued at $2,340,946.92. This represents a 24.73 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 90,111 shares of company stock worth $593,054 in the last quarter. 3.20% of the stock is owned by corporate insiders.

B&G Foods Trading Up 2.4 %

Shares of BGS opened at $6.54 on Friday. B&G Foods, Inc. has a 12 month low of $6.12 and a 12 month high of $11.97. The stock’s 50-day moving average is $8.12 and its two-hundred day moving average is $8.47. 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 stock has a market cap of $517.31 million, a PE ratio of -18.76 and a beta of 0.61.

B&G Foods (NYSE:BGS) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). The company had revenue of $461.10 million during the quarter, compared to analysts’ expectations 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 firm’s revenue was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 EPS. Equities analysts forecast that B&G Foods, Inc. will post 0.73 earnings per share for the current fiscal year.

B&G Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 11.63%. The ex-dividend date is Tuesday, December 31st. B&G Foods’s dividend payout ratio (DPR) is -223.52%.

Analyst Ratings Changes

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

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.