Gabelli Funds LLC lifted its holdings in shares of B&G Foods, Inc. (NYSE:BGS) by 14.3% during the 4th quarter, Holdings Channel reports. The firm owned 46,400 shares of the company’s stock after buying an additional 5,800 shares during the period. Gabelli Funds LLC’s holdings in B&G Foods were worth $1,631,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BGS. Lord Abbett & CO. LLC acquired a new position in shares of B&G Foods during the 2nd quarter worth $25,526,000. Principal Financial Group Inc. increased its stake in shares of B&G Foods by 14.3% during the 3rd quarter. Principal Financial Group Inc. now owns 4,937,045 shares of the company’s stock worth $157,244,000 after purchasing an additional 617,424 shares during the last quarter. Point72 Asset Management L.P. increased its stake in shares of B&G Foods by 1,503.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 588,485 shares of the company’s stock worth $18,743,000 after purchasing an additional 551,785 shares during the last quarter. SG Capital Management LLC acquired a new position in shares of B&G Foods during the 4th quarter worth $15,266,000. Finally, Monarch Partners Asset Management LLC increased its stake in shares of B&G Foods by 185.6% during the 4th quarter. Monarch Partners Asset Management LLC now owns 563,780 shares of the company’s stock worth $19,817,000 after purchasing an additional 366,400 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Shares of B&G Foods, Inc. (NYSE:BGS) opened at $31.95 on Wednesday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.06 and a current ratio of 3.24. The stock has a market cap of $2,174.43, a price-to-earnings ratio of 17.87 and a beta of 0.02. B&G Foods, Inc. has a 1-year low of $29.50 and a 1-year high of $47.75.

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

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About B&G Foods

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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