Cooper Haims Advisors LLC Has $855,000 Stock Holdings in B&G Foods, Inc. (NYSE:BGS)

Cooper Haims Advisors LLC raised its stake in B&G Foods, Inc. (NYSE:BGS) by 16.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 41,120 shares of the company’s stock after purchasing an additional 5,731 shares during the quarter. B&G Foods makes up 0.5% of Cooper Haims Advisors LLC’s holdings, making the stock its 15th largest position. Cooper Haims Advisors LLC’s holdings in B&G Foods were worth $855,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. NEXT Financial Group Inc bought a new stake in B&G Foods in the second quarter worth approximately $37,000. Versant Capital Management Inc grew its position in B&G Foods by 124.9% in the first quarter. Versant Capital Management Inc now owns 2,092 shares of the company’s stock worth $51,000 after acquiring an additional 1,162 shares in the last quarter. Icon Wealth Partners LLC bought a new stake in B&G Foods in the first quarter worth approximately $57,000. Optimum Investment Advisors bought a new stake in B&G Foods in the first quarter worth approximately $98,000. Finally, Hanson & Doremus Investment Management grew its position in B&G Foods by 99.4% in the first 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. 96.56% of the stock is owned by institutional investors.

BGS stock opened at $19.97 on Wednesday. The company has a debt-to-equity ratio of 2.12, a current ratio of 3.02 and a quick ratio of 0.97. The company has a market capitalization of $1.30 billion, a P/E ratio of 10.79 and a beta of 0.46. B&G Foods, Inc. has a 12 month low of $17.76 and a 12 month high of $33.00. The business has a 50 day simple moving average of $20.15.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Monday, September 30th will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 9.51%. The ex-dividend date is Friday, September 27th. B&G Foods’s dividend payout ratio is currently 102.70%.

Several analysts have commented on the stock. 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. Zacks Investment Research raised shares of B&G Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. ValuEngine downgraded shares of B&G Foods from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 22nd. Finally, Evercore ISI assumed coverage on shares of B&G Foods in a research report on Tuesday, June 11th. They issued an “in-line” rating and a $25.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $26.19.

B&G Foods Company 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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