Seneca Foods (NASDAQ:SENEB) Announces Quarterly Earnings Results

Seneca Foods (NASDAQ:SENEB) issued its quarterly earnings results on Thursday. The consumer goods maker reported $3.67 EPS for the quarter, Zacks reports. The company had revenue of $393.85 million for the quarter.

Seneca Foods Trading Up 17.9%

Shares of NASDAQ SENEB opened at $171.84 on Friday. The business’s 50 day moving average is $143.87 and its 200-day moving average is $130.22. Seneca Foods has a 1-year low of $92.36 and a 1-year high of $169.16.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Seneca Foods in a research report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Seneca Foods presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Seneca Foods

An institutional investor recently raised its position in Seneca Foods stock. Vanguard Group Inc. raised its stake in Seneca Foods Co. (NASDAQ:SENEB) by 24.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,429 shares of the consumer goods maker’s stock after buying an additional 3,617 shares during the period. Vanguard Group Inc.’s holdings in Seneca Foods were worth $2,009,000 as of its most recent SEC filing. 3.39% 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. The company 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, Paradise, Seneca Farms, and CherryMan. It also packs Green Giant, Le Sueur, and other brands of canned vegetables, as well as select Green Giant frozen vegetables for B&G Foods North America under a contract packing agreement.