Seneca Foods (NASDAQ:SENEA) Rating Increased to Strong-Buy at Wall Street Zen

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

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Seneca Foods in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Seneca Foods Trading Down 0.8%

SENEA stock opened at $138.98 on Friday. The firm has a fifty day moving average price of $118.97 and a 200 day moving average price of $114.60. Seneca Foods has a fifty-two week low of $80.00 and a fifty-two week high of $146.12. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.72 and a current ratio of 4.34. The firm has a market cap of $940.89 million, a PE ratio of 10.69 and a beta of 0.11.

Seneca Foods (NASDAQ:SENEA) last released its quarterly earnings results on Thursday, February 5th. The company reported $6.48 earnings per share (EPS) for the quarter. Seneca Foods had a net margin of 5.58% and a return on equity of 12.30%. The company had revenue of $508.35 million for the quarter.

Institutional Trading of Seneca Foods

Institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its position in shares of Seneca Foods by 2.0% during the fourth quarter. Pacer Advisors Inc. now owns 45,456 shares of the company’s stock valued at $5,029,000 after buying an additional 896 shares during the period. Empowered Funds LLC lifted its stake in shares of Seneca Foods by 7.5% during the 4th quarter. Empowered Funds LLC now owns 29,040 shares of the company’s stock worth $3,213,000 after acquiring an additional 2,026 shares during the last quarter. Susquehanna Portfolio Strategies LLC boosted its holdings in Seneca Foods by 49.3% during the 4th quarter. Susquehanna Portfolio Strategies LLC now owns 12,489 shares of the company’s stock valued at $1,382,000 after acquiring an additional 4,125 shares during the period. Polymer Capital Management US LLC bought a new position in Seneca Foods in the 4th quarter valued at $351,000. Finally, Gotham Asset Management LLC grew its position in Seneca Foods by 43.0% in the 4th quarter. Gotham Asset Management LLC now owns 4,463 shares of the company’s stock valued at $494,000 after acquiring an additional 1,342 shares during the last quarter. Institutional investors own 42.51% of the company’s stock.

About Seneca Foods

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.