Seneca Foods (NASDAQ:SENEA) Upgraded at Wall Street Zen

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

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

Seneca Foods Price Performance

Seneca Foods stock opened at $138.98 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. The stock has a market cap of $940.89 million, a price-to-earnings ratio of 10.69 and a beta of 0.11. The firm has a 50-day moving average of $118.97 and a two-hundred day moving average of $114.60. Seneca Foods has a 1 year low of $80.00 and a 1 year high of $146.12.

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

Institutional Trading of Seneca Foods

Hedge funds have recently bought and sold shares of the stock. Teacher Retirement System of Texas increased its position in Seneca Foods by 35.1% during the 2nd 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 in the last quarter. Allianz Asset Management GmbH acquired a new stake in Seneca Foods in the third quarter worth about $1,259,000. Assenagon Asset Management S.A. grew its stake in shares of Seneca Foods by 172.7% during the third quarter. Assenagon Asset Management S.A. now owns 28,599 shares of the company’s stock worth $3,087,000 after acquiring an additional 18,112 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Seneca Foods by 69.5% during the second quarter. American Century Companies Inc. now owns 120,247 shares of the company’s stock valued at $12,197,000 after acquiring an additional 49,318 shares in the last quarter. Finally, Pacer Advisors Inc. acquired a new position in shares of Seneca Foods during the third quarter valued at about $4,810,000. Hedge funds and other institutional investors own 42.51% of the company’s stock.

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.