Seneca Foods (NASDAQ:SENEB) Issues Earnings Results

Seneca Foods (NASDAQ:SENEB) posted its earnings results on Thursday. The consumer goods maker reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.41), Zacks reports.

Seneca Foods Price Performance

Shares of SENEB traded down $3.39 during trading hours on Thursday, reaching $167.52. 745 shares of the company’s stock traded hands, compared to its average volume of 441. Seneca Foods has a twelve month low of $103.07 and a twelve month high of $181.48. The business’s fifty day simple moving average is $164.76 and its two-hundred day simple moving average is $145.70.

Hedge Funds Weigh In On Seneca Foods

A hedge fund recently raised its stake in Seneca Foods stock. Vanguard Group Inc. grew its stake in shares of Seneca Foods Co. (NASDAQ:SENEB) by 24.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,429 shares of the consumer goods maker’s stock after buying an additional 3,617 shares during the quarter. Vanguard Group Inc.’s holdings in Seneca Foods were worth $2,009,000 as of its most recent filing with the Securities and Exchange Commission. 3.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Seneca Foods in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Seneca Foods Company Profile

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.