Janney Montgomery Scott LLC Has $200,000 Stock Position in B&G Foods, Inc. (NYSE:BGS)

Janney Montgomery Scott LLC lessened its stake in shares of B&G Foods, Inc. (NYSE:BGS - Free Report) by 88.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,961 shares of the company's stock after selling 225,304 shares during the period. Janney Montgomery Scott LLC's holdings in B&G Foods were worth $200,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake in shares of B&G Foods by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,803,408 shares of the company's stock worth $16,018,000 after acquiring an additional 24,995 shares during the last quarter. Verition Fund Management LLC grew its stake in shares of B&G Foods by 3,480.9% in the third quarter. Verition Fund Management LLC now owns 379,394 shares of the company's stock worth $3,369,000 after acquiring an additional 368,799 shares during the last quarter. Empowered Funds LLC grew its stake in shares of B&G Foods by 5.4% in the third quarter. Empowered Funds LLC now owns 315,620 shares of the company's stock worth $2,803,000 after acquiring an additional 16,080 shares during the last quarter. Foundry Partners LLC grew its stake in shares of B&G Foods by 1.3% in the third quarter. Foundry Partners LLC now owns 245,235 shares of the company's stock worth $2,178,000 after acquiring an additional 3,235 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of B&G Foods by 2.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 194,926 shares of the company's stock worth $1,731,000 after acquiring an additional 3,879 shares during the last quarter. Institutional investors and hedge funds own 66.15% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BGS. TD Cowen lowered their price objective on shares of B&G Foods from $8.00 to $7.50 and set a "sell" rating on the stock in a research note on Wednesday, November 6th. Barclays reduced their target price on B&G Foods from $8.00 to $7.00 and set an "equal weight" rating for the company in a research report on Thursday, November 7th. Finally, Evercore ISI reduced their target price on B&G Foods from $10.00 to $9.00 and set an "in-line" rating for the company in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to data from MarketBeat, B&G Foods currently has an average rating of "Hold" and a consensus price target of $8.30.

B&G Foods Stock Performance

BGS stock traded down $0.06 during midday trading on Monday, hitting $6.05. The stock had a trading volume of 1,048,068 shares, compared to its average volume of 1,317,893. The firm has a market capitalization of $479.23 million, a price-to-earnings ratio of -17.81 and a beta of 0.50. B&G Foods, Inc. has a 52 week low of $5.45 and a 52 week high of $11.97. The stock has a 50-day simple moving average of $6.74 and a 200 day simple moving average of $7.59. The company has a current ratio of 1.64, a quick ratio of 0.49 and a debt-to-equity ratio of 2.40.

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.