Stoneridge Investment Partners LLC Takes $464,000 Position in B&G Foods, Inc. (BGS)

Stoneridge Investment Partners LLC bought a new stake in shares of B&G Foods, Inc. (NYSE:BGS) during the 4th quarter, Holdings Channel reports. The firm bought 13,189 shares of the company’s stock, valued at approximately $464,000.

A number of other institutional investors have also made changes to their positions in BGS. Teachers Advisors LLC raised its stake in B&G Foods by 4.4% during the 2nd quarter. Teachers Advisors LLC now owns 117,926 shares of the company’s stock valued at $4,198,000 after acquiring an additional 4,975 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in B&G Foods by 0.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 178,510 shares of the company’s stock valued at $6,355,000 after acquiring an additional 810 shares in the last quarter. Northern Trust Corp raised its stake in B&G Foods by 2.7% during the 2nd quarter. Northern Trust Corp now owns 855,260 shares of the company’s stock valued at $30,448,000 after acquiring an additional 22,487 shares in the last quarter. Vanguard Group Inc. raised its stake in B&G Foods by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,197,718 shares of the company’s stock valued at $220,639,000 after acquiring an additional 64,109 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in B&G Foods by 2.0% during the 2nd quarter. California Public Employees Retirement System now owns 70,400 shares of the company’s stock valued at $2,506,000 after acquiring an additional 1,400 shares in the last quarter. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have weighed in on BGS shares. Zacks Investment Research raised B&G Foods from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Tuesday, October 17th. Stephens raised B&G Foods from an “equal weight” rating to an “overweight” rating and set a $39.00 target price on the stock in a research note on Wednesday, November 1st. Finally, Berenberg Bank upgraded B&G Foods from a “hold” rating to a “buy” rating and lowered their price target for the company from $43.50 to $40.00 in a research report on Thursday, November 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. B&G Foods has a consensus rating of “Buy” and a consensus price target of $40.22.

B&G Foods, Inc. (NYSE BGS) opened at $31.75 on Thursday. B&G Foods, Inc. has a 1 year low of $29.50 and a 1 year high of $47.75. The stock has a market capitalization of $2,081.33, a price-to-earnings ratio of 21.03 and a beta of 0.02. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.06 and a current ratio of 3.24.

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B&G Foods Company Profile

B&G Foods, Inc (B&G Foods) is a holding company. The Company manufactures, sells and distributes a portfolio of shelf-stable and frozen foods across the United States, 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, wine vinegar, maple syrup, 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, nut clusters and other specialty products.

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

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