Sequoia Financial Advisors LLC Invests $66,000 in B&G Foods, Inc. $BGS

Sequoia Financial Advisors LLC bought a new position in B&G Foods, Inc. (NYSE:BGS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 15,506 shares of the company’s stock, valued at approximately $66,000.

A number of other large investors have also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of B&G Foods by 4,994.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,264,936 shares of the company’s stock valued at $15,560,000 after acquiring an additional 2,220,473 shares during the last quarter. Millennium Management LLC raised its position in shares of B&G Foods by 15,131.8% during the first quarter. Millennium Management LLC now owns 1,887,984 shares of the company’s stock worth $12,970,000 after purchasing an additional 1,875,589 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in shares of B&G Foods by 1,574.4% during the first quarter. Cubist Systematic Strategies LLC now owns 685,118 shares of the company’s stock valued at $4,707,000 after purchasing an additional 644,200 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of B&G Foods in the 1st quarter valued at $3,488,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of B&G Foods by 31.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,340,836 shares of the company’s stock valued at $9,211,000 after purchasing an additional 321,414 shares during the period. 66.15% of the stock is currently owned by institutional investors.

B&G Foods Stock Performance

Shares of BGS opened at $4.47 on Friday. The company has a market capitalization of $357.20 million, a PE ratio of -1.58 and a beta of 0.44. The company has a debt-to-equity ratio of 3.96, a quick ratio of 0.89 and a current ratio of 2.93. The company’s 50 day moving average price is $4.48 and its 200 day moving average price is $4.69. B&G Foods, Inc. has a 52 week low of $3.67 and a 52 week high of $8.90.

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

B&G Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Tuesday, September 30th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.76 dividend on an annualized basis and a yield of 17.0%. B&G Foods’s payout ratio is -26.86%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BGS shares. Weiss Ratings restated a “sell (e+)” rating on shares of B&G Foods in a report on Tuesday, October 14th. Royal Bank Of Canada dropped their target price on shares of B&G Foods from $6.00 to $5.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 5th. Zacks Research upgraded shares of B&G Foods from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Finally, Barclays reduced their price target on shares of B&G Foods from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 15th. Five analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, B&G Foods currently has a consensus rating of “Reduce” and an average target price of $6.10.

B&G Foods 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.