Key Points
- B&G Foods director Deann Brunts purchased 5,616 shares at $3.21 each, investing approximately $18,027 and increasing her holdings by 5.07% to 116,454 shares.
- The stock was trading near its 12-month low at $3.15, while the company reported quarterly revenue of $383.27 million, down 9.7% year over year, and reaffirmed fiscal 2026 EPS guidance of $0.575–$0.675.
- B&G Foods announced a quarterly dividend of $0.095 per share, equivalent to a 12.1% annualized yield, but analyst sentiment remained negative with an average “Reduce” rating and a $4.00 target price.
B&G Foods, Inc. (NYSE:BGS - Get Free Report) Director Deann Brunts purchased 5,616 shares of the firm's stock in a transaction dated Monday, September 14th. The stock was purchased at an average cost of $3.21 per share, for a total transaction of $18,027.36. Following the acquisition, the director owned 116,454 shares of the company's stock, valued at approximately $373,817.34. This trade represents a 5.07% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
B&G Foods Price Performance
Shares of NYSE BGS opened at $3.15 on Wednesday. The firm has a market capitalization of $255.63 million, a P/E ratio of -3.53 and a beta of 0.48. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 5.08. The stock's 50-day simple moving average is $3.53 and its two-hundred day simple moving average is $4.30. B&G Foods, Inc. has a twelve month low of $3.10 and a twelve month high of $6.38.
B&G Foods (NYSE:BGS - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $383.27 million for the quarter, compared to analysts' expectations of $394.92 million. B&G Foods had a positive return on equity of 10.74% and a negative net margin of 4.00%.The company's revenue was down 9.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.04 EPS. B&G Foods has set its FY 2026 guidance at 0.575-0.675 EPS. As a group, equities analysts anticipate that B&G Foods, Inc. will post 0.57 EPS for the current fiscal year.
B&G Foods Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 12.1%. The ex-dividend date of this dividend is Wednesday, September 30th. B&G Foods's dividend payout ratio (DPR) is currently -42.70%.
Wall Street Analyst Weigh In
A number of equities analysts have commented on BGS shares. Weiss Ratings reissued a "sell (d-)" rating on shares of B&G Foods in a research note on Tuesday, August 11th. TD Cowen dropped their price objective on shares of B&G Foods from $4.00 to $3.00 and set a "sell" rating for the company in a report on Wednesday, August 12th. Evercore set a $4.50 target price on shares of B&G Foods in a research report on Wednesday, August 12th. Barclays reduced their target price on B&G Foods from $5.00 to $4.50 and set an "equal weight" rating on the stock in a research note on Thursday, August 13th. Finally, Jefferies Financial Group set a $4.00 price target on B&G Foods in a research report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and an average target price of $4.00.
Read Our Latest Research Report on B&G Foods
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of BGS. CastleKnight Management LP raised its stake in shares of B&G Foods by 16.4% during the fourth quarter. CastleKnight Management LP now owns 898,794 shares of the company's stock worth $3,865,000 after acquiring an additional 126,494 shares in the last quarter. Quantinno Capital Management LP boosted its stake in shares of B&G Foods by 58.6% in the 1st quarter. Quantinno Capital Management LP now owns 629,032 shares of the company's stock valued at $3,026,000 after purchasing an additional 232,351 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of B&G Foods by 395.1% during the 1st quarter. Renaissance Technologies LLC now owns 420,800 shares of the company's stock valued at $2,024,000 after purchasing an additional 335,800 shares during the last quarter. Corient Private Wealth LP grew its holdings in shares of B&G Foods by 29.6% during the 2nd quarter. Corient Private Wealth LP now owns 479,620 shares of the company's stock valued at $1,909,000 after purchasing an additional 109,416 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in B&G Foods by 16.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 407,582 shares of the company's stock worth $1,622,000 after purchasing an additional 57,620 shares during the period. 66.15% of the stock is currently owned by institutional investors.
B&G Foods Company Profile
(
Get Free Report)
B&G Foods, Inc is a branded food company headquartered in Parsippany, New Jersey. The company develops, manufactures, sells and distributes a portfolio of shelf-stable and frozen food products, primarily through grocery stores, mass merchants, warehouse clubs, e-commerce retailers and foodservice channels in the United States and Canada.
Its product portfolio has included vegetables, beans, sauces, condiments, baking products, spices, seasonings, breakfast foods, snacks and frozen foods.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
