Nisa Investment Advisors LLC Trims Stock Holdings in B&G Foods, Inc. (NYSE:BGS)

Nisa Investment Advisors LLC decreased its stake in shares of B&G Foods, Inc. (NYSE:BGS - Free Report) by 64.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,950 shares of the company's stock after selling 67,509 shares during the quarter. Nisa Investment Advisors LLC's holdings in B&G Foods were worth $262,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in BGS. nVerses Capital LLC increased its holdings in shares of B&G Foods by 34.1% in the 3rd quarter. nVerses Capital LLC now owns 5,500 shares of the company's stock worth $49,000 after purchasing an additional 1,400 shares in the last quarter. Regent Peak Wealth Advisors LLC purchased a new position in shares of B&G Foods in the fourth quarter valued at about $81,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of B&G Foods in the third quarter valued at about $102,000. PFG Investments LLC lifted its position in shares of B&G Foods by 12.5% in the third quarter. PFG Investments LLC now owns 18,045 shares of the company's stock valued at $160,000 after acquiring an additional 2,008 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of B&G Foods by 346.0% in the fourth quarter. GAMMA Investing LLC now owns 25,179 shares of the company's stock valued at $173,000 after acquiring an additional 19,534 shares in the last quarter. Hedge funds and other institutional investors own 66.15% of the company's stock.

Insider Activity

In related news, EVP Eric H. Hart bought 5,000 shares of the stock in a transaction on Friday, November 15th. The stock was bought at an average price of $6.25 per share, for a total transaction of $31,250.00. Following the completion of the acquisition, the executive vice president now directly owns 88,899 shares in the company, valued at approximately $555,618.75. This represents a 5.96 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen Sherrill bought 70,000 shares of the stock in a transaction on Friday, November 8th. The shares were bought at an average price of $6.63 per share, with a total value of $464,100.00. Following the acquisition, the director now owns 353,084 shares of the company's stock, valued at $2,340,946.92. This trade represents a 24.73 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 90,111 shares of company stock valued at $593,054. 3.20% of the stock is currently owned by insiders.

B&G Foods Trading Down 0.4 %

BGS stock traded down $0.03 during midday trading on Thursday, reaching $6.52. 1,343,592 shares of the company traded hands, compared to its average volume of 1,279,238. B&G Foods, Inc. has a 52-week low of $6.12 and a 52-week high of $11.97. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.49 and a current ratio of 1.64. The business has a 50 day moving average of $6.90 and a 200-day moving average of $7.80. The firm has a market capitalization of $515.73 million, a price-to-earnings ratio of -19.16 and a beta of 0.51.

B&G Foods (NYSE:BGS - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $461.10 million for the quarter, compared to analysts' expectations of $473.82 million. B&G Foods had a negative net margin of 1.34% and a positive return on equity of 6.97%. The company's revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter last year, the company earned $0.27 earnings per share. As a group, sell-side analysts expect that B&G Foods, Inc. will post 0.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on BGS. TD Cowen decreased their target price on B&G Foods from $8.00 to $7.50 and set a "sell" rating on the stock in a research report on Wednesday, November 6th. Barclays decreased 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 report on Thursday, November 7th. Finally, Evercore ISI decreased their target price on B&G Foods from $10.00 to $9.00 and set an "in-line" rating on the stock in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $8.30.

About B&G Foods

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.