Birks Group (NYSEAMERICAN:BGI) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Birks Group (NYSEAMERICAN:BGI) in a research note issued to investors on Saturday morning. The firm issued a sell rating on the stock.

Birks Group Stock Performance

BGI opened at $2.68 on Friday. Birks Group has a fifty-two week low of $2.40 and a fifty-two week high of $10.02.

Institutional Investors Weigh In On Birks Group

A hedge fund recently raised its stake in Birks Group stock. Ingalls & Snyder LLC increased its holdings in shares of Birks Group Inc. (NYSEAMERICAN:BGI) by 70.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & 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 approximately 0.09% of Birks Group worth $80,000 at the end of the most recent quarter. Institutional investors 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.