Seneca Foods (NASDAQ:SENEA) Sets New 12-Month High – Time to Buy?

Seneca Foods Corp. (NASDAQ:SENEA)’s share price reached a new 52-week high on Monday . The company traded as high as $134.30 and last traded at $133.39, with a volume of 47368 shares. The stock had previously closed at $131.06.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Seneca Foods in a report on Monday, December 29th. Wall Street Zen lowered Seneca Foods from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 1st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Seneca Foods presently has a consensus rating of “Buy”.

Seneca Foods Stock Up 2.2%

The company has a current ratio of 4.34, a quick ratio of 0.72 and a debt-to-equity ratio of 0.37. The company has a 50-day simple moving average of $116.40 and a 200 day simple moving average of $113.54. The company has a market cap of $906.10 million, a P/E ratio of 10.30 and a beta of 0.11.

Seneca Foods (NASDAQ:SENEA) last issued its earnings results on Thursday, February 5th. The company reported $6.48 earnings per share (EPS) 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Seneca Foods by 10.0% during the 3rd quarter. Vanguard Group Inc. now owns 351,033 shares of the company’s stock worth $37,891,000 after acquiring an additional 31,873 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Seneca Foods by 29.5% during the third quarter. American Century Companies Inc. now owns 155,727 shares of the company’s stock valued at $16,809,000 after purchasing an additional 35,480 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Seneca Foods by 8.0% during the second quarter. Geode Capital Management LLC now owns 139,457 shares of the company’s stock valued at $14,146,000 after purchasing an additional 10,357 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Seneca Foods by 12.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 110,203 shares of the company’s stock valued at $12,192,000 after buying an additional 12,409 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in Seneca Foods by 31.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 61,222 shares of the company’s stock worth $6,608,000 after buying an additional 14,721 shares in the last quarter. Institutional investors 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.