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

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

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

Seneca Foods Stock Down 1.6%

Shares of NASDAQ:SENEA opened at $119.63 on Friday. The company has a current ratio of 2.59, a quick ratio of 0.42 and a debt-to-equity ratio of 0.40. The firm has a market cap of $818.27 million, a price-to-earnings ratio of 13.88 and a beta of 0.11. The stock’s 50-day moving average price is $114.24 and its two-hundred day moving average price is $111.68. Seneca Foods has a 12-month low of $70.98 and a 12-month high of $129.03.

Institutional Investors Weigh In On Seneca Foods

Large investors have recently made changes to their positions in the business. Ballentine Partners LLC raised its stake in shares of Seneca Foods by 3.2% in the 4th quarter. Ballentine Partners LLC now owns 2,862 shares of the company’s stock valued at $317,000 after acquiring an additional 89 shares during the period. Peapod Lane Capital LLC increased its holdings in Seneca Foods by 0.7% in the 4th quarter. Peapod Lane Capital LLC now owns 37,523 shares of the company’s stock valued at $4,151,000 after purchasing an additional 272 shares in the last quarter. Teacher Retirement System of Texas raised its position in Seneca Foods by 75.0% in the fourth quarter. Teacher Retirement System of Texas now owns 21,633 shares of the company’s stock valued at $2,393,000 after purchasing an additional 9,273 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Seneca Foods by 227.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,183 shares of the company’s stock worth $131,000 after purchasing an additional 822 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its position in shares of Seneca Foods by 12.2% in the fourth quarter. Ritholtz Wealth Management now owns 11,265 shares of the company’s stock worth $1,246,000 after buying an additional 1,225 shares during the period. 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.