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

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

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Seneca Foods in a report on Monday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Seneca Foods currently has a consensus rating of “Buy”.

Seneca Foods Stock Down 2.9%

Seneca Foods stock opened at $112.57 on Friday. The firm has a market cap of $769.98 million, a price-to-earnings ratio of 13.06 and a beta of 0.10. Seneca Foods has a 52-week low of $70.58 and a 52-week high of $129.03. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.42 and a current ratio of 2.59. The firm has a 50 day moving average price of $115.25 and a two-hundred day moving average price of $106.49.

Institutional Investors Weigh In On Seneca Foods

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Seneca Foods by 2.1% during the first quarter. Vanguard Group Inc. now owns 307,325 shares of the company’s stock worth $27,364,000 after buying an additional 6,208 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Seneca Foods by 35.1% during 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 during the last quarter. Invesco Ltd. increased its position in shares of Seneca Foods by 80.0% during the first quarter. Invesco Ltd. now owns 52,492 shares of the company’s stock worth $4,674,000 after acquiring an additional 23,329 shares in the last quarter. Informed Momentum Co LLC acquired a new stake in shares of Seneca Foods in the 1st quarter worth about $1,032,000. Finally, American Century Companies Inc. lifted its position in Seneca Foods by 161.5% in the 1st quarter. American Century Companies Inc. now owns 70,929 shares of the company’s stock valued at $6,316,000 after acquiring an additional 43,805 shares in the last quarter. 42.51% of the stock is currently owned by institutional investors and hedge funds.

Seneca Foods Company Profile

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and jarred produce; jarred fruit; and snack chips and other food products under the private label, as well as under various national and regional brands that the company owns or licenses, including Seneca, Libby’s, Aunt Nellie’s, Cherryman, Green Valley, and READ.