Seneca Foods (NASDAQ:SENEA) Stock Rating Lowered by Wall Street Zen

Seneca Foods (NASDAQ:SENEA) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Seneca Foods in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Seneca Foods Stock Up 0.2%

Shares of SENEA opened at $140.42 on Friday. The company has a current ratio of 4.34, a quick ratio of 0.72 and a debt-to-equity ratio of 0.37. Seneca Foods has a 12 month low of $81.00 and a 12 month high of $146.54. The firm’s 50 day moving average is $122.36 and its 200-day moving average is $116.13. The stock has a market capitalization of $950.64 million, a PE ratio of 10.80 and a beta of 0.02.

Seneca Foods (NASDAQ:SENEA) last issued its quarterly earnings results on Thursday, February 5th. The company reported $6.48 earnings per share (EPS) for the quarter. Seneca Foods had a return on equity of 12.30% and a net margin of 5.58%.The business had revenue of $508.35 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada boosted its stake in shares of Seneca Foods by 5.2% in the 1st quarter. Royal Bank of Canada now owns 7,738 shares of the company’s stock valued at $690,000 after purchasing an additional 384 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Seneca Foods by 5.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,813 shares of the company’s stock worth $250,000 after purchasing an additional 156 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Seneca Foods in the 1st quarter valued at approximately $245,000. Empowered Funds LLC lifted its stake in Seneca Foods by 54.0% in the 1st quarter. Empowered Funds LLC now owns 14,865 shares of the company’s stock valued at $1,324,000 after purchasing an additional 5,214 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its position in Seneca Foods by 35.1% in the second quarter. Teacher Retirement System of Texas now owns 3,119 shares of the company’s stock valued at $316,000 after buying an additional 811 shares in the last quarter. Institutional investors own 42.51% of the company’s stock.

About Seneca Foods

Seneca Foods Corporation is a leading producer and distributor of shelf-stable fruits, vegetables and fruit‐based products. The company’s core activities include the processing, packaging and sale of canned fruits and vegetables, natural fruit juices, apple sauces and fruit‐based snacks. Seneca Foods caters to both retail and foodservice markets, supplying national and international grocers, restaurant chains and food manufacturers with branded and private‐label products.

Seneca Foods operates a network of manufacturing facilities and cold storage warehouses across North America, with key processing plants in New York, Michigan, California and Canada.