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

Wall Street Zen lowered shares of Seneca Foods (NASDAQ:SENEA) from a strong-buy rating to a buy rating in a research report sent to investors on Sunday.

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

Seneca Foods Stock Performance

NASDAQ SENEA opened at $140.16 on Friday. 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 has a 1-year low of $81.00 and a 1-year high of $146.54. The business has a 50 day simple moving average of $121.76 and a two-hundred day simple moving average of $115.90. The stock has a market capitalization of $948.88 million, a PE ratio of 10.78 and a beta of 0.02.

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

Hedge Funds Weigh In On Seneca Foods

A number of institutional investors and hedge funds have recently modified their holdings of SENEA. Vanguard Group Inc. raised its holdings in Seneca Foods by 10.0% during the 3rd quarter. Vanguard Group Inc. now owns 351,033 shares of the company’s stock valued at $37,891,000 after buying an additional 31,873 shares during the period. American Century Companies Inc. boosted its stake in Seneca Foods by 29.5% during the third quarter. American Century Companies Inc. now owns 155,727 shares of the company’s stock worth $16,809,000 after buying an additional 35,480 shares during the period. Geode Capital Management LLC boosted its stake in Seneca Foods by 8.0% during the second quarter. Geode Capital Management LLC now owns 139,457 shares of the company’s stock worth $14,146,000 after buying an additional 10,357 shares during the period. Charles Schwab Investment Management Inc. increased its position in Seneca Foods by 12.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 110,203 shares of the company’s stock valued at $12,192,000 after acquiring an additional 12,409 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Seneca Foods by 31.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 61,222 shares of the company’s stock valued at $6,608,000 after acquiring an additional 14,721 shares during the period. Hedge funds and other institutional investors 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.