Seneca Foods (NASDAQ:SENEA) Cut to “Buy” at Wall Street Zen

Seneca Foods (NASDAQ:SENEA) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Thursday.

Several other analysts have also recently commented on SENEA. Weiss Ratings restated a “buy (b)” rating on shares of Seneca Foods in a report on Friday, April 24th. Freedom Capital upgraded shares of Seneca Foods to a “strong-buy” rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Seneca Foods Trading Up 1.0%

SENEA stock opened at $141.63 on Thursday. The business has a fifty day moving average price of $145.28 and a 200 day moving average price of $130.52. Seneca Foods has a fifty-two week low of $85.20 and a fifty-two week high of $167.51. The stock has a market capitalization of $958.84 million, a price-to-earnings ratio of 10.89 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.

Institutional Investors Weigh In On Seneca Foods

Institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC bought a new stake in shares of Seneca Foods in the 2nd quarter valued at $36,000. Public Employees Retirement System of Ohio acquired a new position in Seneca Foods in the first quarter valued at about $54,000. Quarry LP bought a new stake in shares of Seneca Foods in the third quarter worth about $57,000. Employees Retirement System of Texas acquired a new stake in shares of Seneca Foods during the third quarter worth about $64,000. Finally, Royal Bank of Canada lifted its holdings in shares of Seneca Foods by 22.6% during the 1st quarter. Royal Bank of Canada now owns 429 shares of the company’s stock valued at $65,000 after purchasing an additional 79 shares in the last quarter. 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.