Stephens Inc. AR Sells 4,978 Shares of B&G Foods, Inc. (NYSE:BGS)

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Stephens Inc. AR decreased its holdings in shares of B&G Foods, Inc. (NYSE:BGS) by 15.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,261 shares of the company’s stock after selling 4,978 shares during the period. Stephens Inc. AR’s holdings in B&G Foods were worth $567,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. NEXT Financial Group Inc bought a new position in shares of B&G Foods in the 2nd quarter worth approximately $37,000. TRUE Private Wealth Advisors bought a new position in shares of B&G Foods in the 2nd quarter worth approximately $44,000. Icon Wealth Partners LLC bought a new position in shares of B&G Foods in the 1st quarter worth approximately $57,000. Optimum Investment Advisors bought a new position in shares of B&G Foods in the 1st quarter worth approximately $98,000. Finally, Hanson & Doremus Investment Management raised its position in shares of B&G Foods by 99.4% in the 1st quarter. Hanson & Doremus Investment Management now owns 6,752 shares of the company’s stock worth $165,000 after acquiring an additional 3,365 shares in the last quarter. 95.61% of the stock is owned by institutional investors and hedge funds.

B&G Foods stock opened at $18.08 on Thursday. The company has a quick ratio of 0.97, a current ratio of 3.02 and a debt-to-equity ratio of 2.12. The company has a market capitalization of $1.26 billion, a P/E ratio of 9.77 and a beta of 0.46. The stock’s 50 day moving average is $19.52 and its 200 day moving average is $22.68. B&G Foods, Inc. has a twelve month low of $17.76 and a twelve month high of $33.00.

B&G Foods (NYSE:BGS) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.03. The company had revenue of $371.20 million for the quarter, compared to the consensus estimate of $370.24 million. B&G Foods had a return on equity of 13.04% and a net margin of 10.75%. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 EPS. As a group, equities analysts expect that B&G Foods, Inc. will post 1.8 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Monday, September 30th will be paid a $0.475 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.90 annualized dividend and a dividend yield of 10.51%. B&G Foods’s payout ratio is currently 102.70%.

In other B&G Foods news, Director Deann L. Brunts bought 2,483 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were acquired at an average cost of $18.98 per share, for a total transaction of $47,127.34. Following the purchase, the director now owns 22,272 shares in the company, valued at approximately $422,722.56. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.20% of the company’s stock.

Several research analysts have recently issued reports on BGS shares. Barclays reissued a “hold” rating and issued a $22.00 target price on shares of B&G Foods in a research report on Monday, July 15th. Evercore ISI initiated coverage on B&G Foods in a research note on Tuesday, June 11th. They issued an “in-line” rating and a $25.00 price target on the stock. Zacks Investment Research upgraded B&G Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, ValuEngine downgraded B&G Foods from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $26.19.

B&G Foods Profile

B&G Foods, Inc manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods in the United States, Canada, and Puerto Rico. Its products include frozen and canned vegetables, oatmeal and hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegars, maple syrups, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, puffed corn and rice snacks, cookies and crackers, nut clusters, and other specialty products.

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Institutional Ownership by Quarter for B&G Foods (NYSE:BGS)

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