Birks Group (NYSEAMERICAN:BGI) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of Birks Group (NYSEAMERICAN:BGI) in a note issued to investors on Thursday. The brokerage set a “sell” rating on the stock.

Birks Group Stock Performance

Birks Group stock opened at $4.11 on Thursday. Birks Group has a 12-month low of $2.78 and a 12-month high of $10.02. The business’s 50-day moving average price is $8.20.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Bank of America Corp DE purchased a new position in shares of Birks Group during the 1st quarter worth about $26,000. Ingalls & Snyder LLC purchased a new position in shares of Birks Group during the 3rd quarter worth about $45,000. Virtu Financial LLC purchased a new position in Birks Group in the first quarter valued at approximately $144,000. Finally, Renaissance Technologies LLC raised its holdings in Birks Group by 45.8% in the third quarter. Renaissance Technologies LLC now owns 29,600 shares of the company’s stock valued at $155,000 after buying an additional 9,300 shares during the period. 0.71% of the stock is currently owned by hedge funds and other institutional investors.

Birks Group Company Profile

Birks Group Inc designs, develops, manufactures, and retails fine jewelry, timepieces, sterling and plated silverware, and gifts in the United States and Canada. The company operates through two segments, Retail and Other. It offers various merchandise, including designer jewelry, diamonds, gemstone and precious metal jewelry, rings, wedding bands, earrings, bracelets, necklaces, precious gemstones, gold jewelry, and pearls.