Seneca Foods (NASDAQ:SENEB) Posts Earnings Results

Seneca Foods (NASDAQ:SENEB) posted its quarterly earnings results on Thursday. The consumer goods maker reported $3.67 EPS for the quarter, Zacks reports.

Seneca Foods Trading Up 2.7%

NASDAQ SENEB traded up $3.93 during trading hours on Thursday, reaching $149.68. 43 shares of the stock traded hands, compared to its average volume of 413. The stock has a 50 day simple moving average of $143.36 and a two-hundred day simple moving average of $129.75. Seneca Foods has a 1 year low of $90.19 and a 1 year high of $164.98.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Seneca Foods stock. Vanguard Group Inc. raised its position in shares of Seneca Foods Co. (NASDAQ:SENEB) by 24.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,429 shares of the consumer goods maker’s stock after acquiring an additional 3,617 shares during the quarter. Vanguard Group Inc.’s holdings in Seneca Foods were worth $2,009,000 at the end of the most recent quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Seneca Foods in a research report on Friday, March 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

About Seneca Foods

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and bottled produce; and snack chips and other food products under the private label, as well as under various national and regional brands that the company owns or licenses, including Seneca, Libby's, Aunt Nellie's, READ, Green Valley, Paradise, Seneca Farms, and CherryMan. It also packs Green Giant, Le Sueur, and other brands of canned vegetables, as well as select Green Giant frozen vegetables for B&G Foods North America under a contract packing agreement.