Regent Peak Wealth Advisors LLC Invests $81,000 in B&G Foods, Inc. (NYSE:BGS)

Regent Peak Wealth Advisors LLC acquired a new position in shares of B&G Foods, Inc. (NYSE:BGS) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,730 shares of the company’s stock, valued at approximately $81,000.

A number of other hedge funds have also recently added to or reduced their stakes in BGS. Barclays PLC boosted its holdings in shares of B&G Foods by 310.1% in the 3rd quarter. Barclays PLC now owns 130,693 shares of the company’s stock valued at $1,160,000 after buying an additional 98,824 shares during the period. Verition Fund Management LLC lifted its holdings in shares of B&G Foods by 3,480.9% in the 3rd quarter. Verition Fund Management LLC now owns 379,394 shares of the company’s stock worth $3,369,000 after purchasing an additional 368,799 shares during the last quarter. Dana Investment Advisors Inc. boosted its position in B&G Foods by 23.5% during the 2nd quarter. Dana Investment Advisors Inc. now owns 710,244 shares of the company’s stock valued at $5,739,000 after purchasing an additional 134,937 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in B&G Foods during the 2nd quarter worth $958,000. Finally, Point72 Asset Management L.P. acquired a new stake in B&G Foods in the third quarter worth $962,000. Institutional investors and hedge funds own 66.15% of the company’s stock.

Insider Buying and Selling at B&G Foods

In other B&G Foods news, EVP Andrew D. Vogel bought 7,500 shares of the stock in a transaction on Wednesday, November 13th. The shares were bought at an average price of $6.36 per share, with a total value of $47,700.00. Following the purchase, the executive vice president now directly owns 37,064 shares in the company, valued at $235,727.04. The trade was a 25.37 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Eric H. Hart purchased 5,000 shares of B&G Foods stock in a transaction dated Friday, November 15th. The stock was bought at an average cost of $6.25 per share, with a total value of $31,250.00. Following the completion of the transaction, the executive vice president now directly owns 88,899 shares of the company’s stock, valued at $555,618.75. This represents a 5.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 90,111 shares of company stock valued at $593,054. Corporate insiders own 3.20% of the company’s stock.

B&G Foods Stock Performance

BGS opened at $6.49 on Tuesday. B&G Foods, Inc. has a 1-year low of $6.12 and a 1-year high of $11.97. The company has a market capitalization of $513.35 million, a price-to-earnings ratio of -19.07 and a beta of 0.51. The business has a 50 day moving average price of $6.86 and a two-hundred day moving average price of $7.86. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.64 and a quick ratio of 0.49.

B&G Foods (NYSE:BGS) last released its earnings results on Tuesday, November 5th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $461.10 million for the quarter, compared to analyst estimates of $473.82 million. During the same period in the previous year, the firm earned $0.27 earnings per share. B&G Foods’s revenue was down 8.3% on a year-over-year basis. Research analysts predict that B&G Foods, Inc. will post 0.7 EPS for the current fiscal 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 $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 11.72%. B&G Foods’s dividend payout ratio is currently -223.52%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. StockNews.com upgraded shares of B&G Foods from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. Evercore ISI dropped their price target on shares of 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. TD Cowen reduced their price objective on B&G Foods from $8.00 to $7.50 and set a “sell” rating for the company in a research report on Wednesday, November 6th. Finally, Barclays cut their target price on B&G Foods from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note 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. According to MarketBeat, B&G Foods presently has an average rating of “Hold” and a consensus price target of $8.30.

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. Its products include frozen and canned vegetables, hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, and wine vinegar.