StockNews.com Initiates Coverage on Birks Group (NYSEAMERICAN:BGI)

StockNews.com began coverage on shares of Birks Group (NYSEAMERICAN:BGI) in a research note released on Friday. The brokerage issued a sell rating on the stock.

Birks Group Stock Performance

NYSEAMERICAN BGI opened at $2.70 on Friday. Birks Group has a 52 week low of $2.40 and a 52 week high of $10.02.

Hedge Funds Weigh In On Birks Group

An institutional investor recently raised its position in Birks Group stock. Ingalls & Snyder LLC boosted its stake in shares of Birks Group Inc. (NYSEAMERICAN:BGI) by 70.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,000 shares of the company’s stock after acquiring an additional 7,000 shares during the quarter. Ingalls & Snyder LLC owned about 0.09% of Birks Group worth $80,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 0.22% of the company’s stock.

About Birks Group

Birks Group Inc designs, develops, manufactures, and retails fine jewelry, timepieces, sterling and plated silverware, and gifts in the United States and Canada. The company operates through two segments, Retail and Other. It offers various merchandise, including designer jewelry, diamonds, gemstone and precious metal jewelry, rings, wedding bands, earrings, bracelets, necklaces, precious gemstones, gold jewelry, and pearls.