11,730 Shares in B&G Foods, Inc. (NYSE:BGS) Purchased by Regent Peak Wealth Advisors LLC

Regent Peak Wealth Advisors LLC acquired a new position in B&G Foods, Inc. (NYSE:BGS) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 11,730 shares of the company’s stock, valued at approximately $81,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. nVerses Capital LLC grew its stake in shares of B&G Foods by 34.1% in the 3rd quarter. nVerses Capital LLC now owns 5,500 shares of the company’s stock worth $49,000 after buying an additional 1,400 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in B&G Foods in the third quarter worth $102,000. Canada Pension Plan Investment Board purchased a new stake in shares of B&G Foods in the second quarter worth $137,000. PFG Investments LLC increased its holdings in shares of B&G Foods by 12.5% during the third quarter. PFG Investments LLC now owns 18,045 shares of the company’s stock valued at $160,000 after acquiring an additional 2,008 shares in the last quarter. Finally, GAMMA Investing LLC raised its position 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 worth $173,000 after purchasing an additional 19,534 shares during the last quarter. Institutional investors own 66.15% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Andrew D. Vogel purchased 7,500 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was acquired at an average cost of $6.36 per share, for a total transaction of $47,700.00. Following the completion of the transaction, the executive vice president now directly owns 37,064 shares in the company, valued at $235,727.04. This trade represents a 25.37 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Stephen Sherrill acquired 70,000 shares of B&G Foods stock in a transaction dated Friday, November 8th. The stock was purchased at an average cost of $6.63 per share, with a total value of $464,100.00. Following the completion of the purchase, the director now owns 353,084 shares of the company’s stock, valued at approximately $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 purchased a total of 90,111 shares of company stock worth $593,054 over the last quarter. 3.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on BGS shares. TD Cowen cut their price objective on shares of 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. StockNews.com upgraded shares of B&G Foods from a “sell” rating to a “hold” rating in a report on Thursday, September 26th. Barclays decreased their price objective on shares of B&G Foods from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. Finally, Evercore ISI cut their target price on B&G Foods from $10.00 to $9.00 and set an “in-line” rating on the stock in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $8.30.

B&G Foods Stock Performance

Shares of NYSE:BGS traded down $0.10 during trading on Tuesday, hitting $6.93. The company’s stock had a trading volume of 661,493 shares, compared to its average volume of 1,152,046. 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 firm has a market cap of $548.61 million, a price-to-earnings ratio of -20.38 and a beta of 0.51. The company has a 50-day moving average of $7.13 and a 200-day moving average of $7.96. B&G Foods, Inc. has a 12 month low of $6.12 and a 12 month high of $11.97.

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 the consensus estimate of $0.20 by ($0.07). B&G Foods had a positive return on equity of 6.97% and a negative net margin of 1.34%. The business had revenue of $461.10 million during the quarter, compared to the consensus estimate of $473.82 million. During the same quarter in the previous year, the business posted $0.27 earnings per share. The firm’s revenue was down 8.3% on a year-over-year basis. On average, sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 10.97%. The ex-dividend date is Tuesday, December 31st. B&G Foods’s dividend payout ratio is presently -223.53%.

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.