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

Seneca Foods (NASDAQ:SENEA) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Seneca Foods in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Seneca Foods Stock Performance

Seneca Foods stock opened at $138.98 on Friday. Seneca Foods has a twelve month low of $80.00 and a twelve month high of $146.12. The company has a quick ratio of 0.72, a current ratio of 4.34 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $940.89 million, a P/E ratio of 10.69 and a beta of 0.02. The stock’s 50 day moving average is $118.97 and its 200 day moving average is $114.73.

Seneca Foods (NASDAQ:SENEA) last announced its quarterly earnings data 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 Investors Weigh In On Seneca Foods

A number of hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new stake in Seneca Foods during the third quarter valued at about $28,000. EverSource Wealth Advisors LLC purchased a new position in shares of Seneca Foods during the 2nd quarter valued at about $36,000. CWM LLC lifted its position in shares of Seneca Foods by 75.9% during the 3rd quarter. CWM LLC now owns 475 shares of the company’s stock valued at $51,000 after buying an additional 205 shares in the last quarter. Quarry LP bought a new position in shares of Seneca Foods during the 3rd quarter valued at approximately $57,000. Finally, Employees Retirement System of Texas purchased a new stake in Seneca Foods in the 3rd quarter worth approximately $64,000. 42.51% of the stock is currently owned by hedge funds and other institutional investors.

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.