Teza Capital Management LLC Acquires 12,768 Shares of B&G Foods, Inc. (NYSE:BGS)

Teza Capital Management LLC increased its holdings in B&G Foods, Inc. (NYSE:BGSFree Report) by 44.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 41,631 shares of the company’s stock after purchasing an additional 12,768 shares during the period. Teza Capital Management LLC’s holdings in B&G Foods were worth $412,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of B&G Foods by 10.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,575,390 shares of the company’s stock worth $15,581,000 after acquiring an additional 148,548 shares during the period. Aigen Investment Management LP increased its position in shares of B&G Foods by 274.0% during the third quarter. Aigen Investment Management LP now owns 78,181 shares of the company’s stock worth $773,000 after buying an additional 57,276 shares during the period. Federated Hermes Inc. raised its stake in B&G Foods by 78.3% during the third quarter. Federated Hermes Inc. now owns 265,546 shares of the company’s stock worth $2,626,000 after buying an additional 116,587 shares during the last quarter. AE Wealth Management LLC lifted its holdings in B&G Foods by 7.4% in the third quarter. AE Wealth Management LLC now owns 73,909 shares of the company’s stock valued at $731,000 after buying an additional 5,087 shares during the period. Finally, Investors Asset Management of Georgia Inc. GA ADV lifted its holdings in B&G Foods by 146.6% in the third quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 102,975 shares of the company’s stock valued at $1,013,000 after buying an additional 61,214 shares during the period. 63.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. StockNews.com raised B&G Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, February 28th. Piper Sandler boosted their target price on shares of B&G Foods from $8.00 to $9.00 and gave the company an “underweight” rating in a research report on Wednesday, February 28th. Finally, TheStreet cut shares of B&G Foods from a “c-” rating to a “d+” rating in a report on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $9.50.

Check Out Our Latest Stock Report on BGS

B&G Foods Stock Down 4.8 %

Shares of NYSE:BGS opened at $11.34 on Tuesday. B&G Foods, Inc. has a twelve month low of $7.20 and a twelve month high of $16.68. The stock’s 50 day moving average is $10.24 and its 200-day moving average is $10.04. The company has a quick ratio of 0.89, a current ratio of 3.06 and a debt-to-equity ratio of 2.42.

B&G Foods (NYSE:BGSGet Free Report) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. The firm had revenue of $578.13 million for the quarter, compared to analyst estimates of $569.65 million. B&G Foods had a negative net margin of 3.21% and a positive return on equity of 8.68%. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period last year, the firm earned $0.40 earnings per share. As a group, equities research analysts predict that B&G Foods, Inc. will post 0.86 EPS for the current fiscal year.

B&G Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 6.70%. The ex-dividend date of this dividend is Wednesday, March 27th. B&G Foods’s dividend payout ratio (DPR) is presently -86.36%.

B&G Foods Company Profile

(Free Report)

B&G Foods, Inc manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico. The company's products include frozen and canned vegetables, vegetables, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrups, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, baking powder and soda, cookies and crackers, corn starch, nut clusters, and other specialty products.

Further Reading

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

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