254,770 Shares in B&G Foods, Inc. $BGS Acquired by Nuveen LLC

Nuveen LLC purchased a new position in shares of B&G Foods, Inc. (NYSE:BGS) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 254,770 shares of the company’s stock, valued at approximately $1,750,000. Nuveen LLC owned about 0.32% of B&G Foods at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Signaturefd LLC increased its stake in B&G Foods by 930.2% in the first quarter. Signaturefd LLC now owns 6,748 shares of the company’s stock valued at $46,000 after purchasing an additional 6,093 shares in the last quarter. CWM LLC increased its stake in B&G Foods by 61.2% in the first quarter. CWM LLC now owns 7,518 shares of the company’s stock valued at $52,000 after purchasing an additional 2,855 shares in the last quarter. Sigma Planning Corp bought a new stake in B&G Foods in the first quarter valued at approximately $69,000. Teacher Retirement System of Texas bought a new stake in B&G Foods in the first quarter valued at approximately $80,000. Finally, Freestone Grove Partners LP bought a new stake in B&G Foods in the fourth quarter valued at approximately $91,000. 66.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BGS shares. Royal Bank Of Canada lowered their target price on shares of B&G Foods from $6.00 to $5.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 5th. Piper Sandler lowered their target price on shares of B&G Foods from $7.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Finally, Barclays lowered their target price on shares of B&G Foods from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 15th. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, B&G Foods presently has an average rating of “Reduce” and a consensus price target of $6.10.

B&G Foods Stock Up 1.5%

B&G Foods stock opened at $4.52 on Friday. The stock has a market capitalization of $361.20 million, a PE ratio of -1.60 and a beta of 0.48. B&G Foods, Inc. has a twelve month low of $3.67 and a twelve month high of $9.44. The company has a quick ratio of 0.89, a current ratio of 2.93 and a debt-to-equity ratio of 3.96. The company has a 50 day moving average of $4.31 and a 200-day moving average of $5.32.

B&G Foods (NYSE:BGS) last announced its earnings results on Monday, August 4th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.03). B&G Foods had a positive return on equity of 7.16% and a negative net margin of 12.02%.The business had revenue of $424.43 million for the quarter, compared to analyst estimates of $427.80 million. During the same quarter in the previous year, the company posted $0.08 EPS. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. B&G Foods has set its FY 2025 guidance at 0.500-0.600 EPS. On average, equities research analysts anticipate that B&G Foods, Inc. will post 0.7 EPS for the current fiscal year.

B&G Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.76 annualized dividend and a yield of 16.8%. B&G Foods’s dividend payout ratio is presently -26.86%.

B&G Foods Company Profile

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. It operates through the following segments: Specialty, Meals, Frozen & Vegetables, and Spices & Flavor Solutions.