Seneca Foods (SENEA) Rating Lowered to Buy at BidaskClub

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BidaskClub lowered shares of Seneca Foods (NASDAQ:SENEA) from a strong-buy rating to a buy rating in a research report report published on Saturday.

Separately, TheStreet upgraded shares of Seneca Foods from a d+ rating to a c- rating in a report on Wednesday, September 12th.

SENEA stock opened at $33.38 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.56 and a current ratio of 2.88. Seneca Foods has a 12-month low of $25.45 and a 12-month high of $35.90.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its stake in Seneca Foods by 6.5% in the third quarter. BlackRock Inc. now owns 1,056,275 shares of the company’s stock valued at $35,595,000 after purchasing an additional 64,767 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Seneca Foods by 1.0% in the third quarter. Dimensional Fund Advisors LP now owns 660,274 shares of the company’s stock valued at $22,251,000 after purchasing an additional 6,371 shares in the last quarter. Royce & Associates LP increased its stake in Seneca Foods by 15.9% in the second quarter. Royce & Associates LP now owns 413,977 shares of the company’s stock valued at $11,177,000 after purchasing an additional 56,734 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Seneca Foods by 2.2% in the third quarter. Bank of New York Mellon Corp now owns 77,188 shares of the company’s stock valued at $2,601,000 after purchasing an additional 1,634 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Seneca Foods by 11.3% in the second quarter. Renaissance Technologies LLC now owns 74,000 shares of the company’s stock valued at $1,998,000 after purchasing an additional 7,500 shares in the last quarter. 54.13% of the stock is owned by hedge funds and other institutional investors.

Seneca Foods Company Profile

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. It offers canned, frozen, and bottled produce; 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, READ, Green Valley, Cherryman, and Seneca Farms.

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