Seneca Foods (NASDAQ:SENEA) Downgraded to Buy Rating by Wall Street Zen

Wall Street Zen cut shares of Seneca Foods (NASDAQ:SENEA) from a strong-buy rating to a buy rating in a research note published on Sunday morning.

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Seneca Foods in a report on Friday, April 24th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.

Seneca Foods Stock Performance

Shares of Seneca Foods stock opened at $137.68 on Friday. The business has a 50-day moving average of $144.91 and a 200 day moving average of $126.15. Seneca Foods has a 12 month low of $85.20 and a 12 month high of $167.51. The stock has a market capitalization of $931.68 million, a price-to-earnings ratio of 10.59 and a beta of -0.03. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.34 and a quick ratio of 0.72.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Ballentine Partners LLC increased its position in Seneca Foods by 3.2% during the fourth quarter. Ballentine Partners LLC now owns 2,862 shares of the company’s stock worth $317,000 after buying an additional 89 shares during the period. Van ECK Associates Corp increased its position in Seneca Foods by 11.0% during the fourth quarter. Van ECK Associates Corp now owns 908 shares of the company’s stock worth $100,000 after buying an additional 90 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Seneca Foods by 5.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,813 shares of the company’s stock worth $250,000 after buying an additional 156 shares during the period. Pullen Investment Management LLC increased its holdings in shares of Seneca Foods by 0.5% in the fourth quarter. Pullen Investment Management LLC now owns 33,694 shares of the company’s stock valued at $3,728,000 after purchasing an additional 168 shares during the period. Finally, CWM LLC increased its holdings in shares of Seneca Foods by 75.9% in the third quarter. CWM LLC now owns 475 shares of the company’s stock valued at $51,000 after purchasing an additional 205 shares during the period. Institutional investors and hedge funds own 42.51% of the company’s stock.

Seneca Foods Company Profile

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.