StockNews.com Initiates Coverage on Birks Group (NYSEAMERICAN:BGI)

Research analysts at StockNews.com initiated coverage on shares of Birks Group (NYSEAMERICAN:BGI) in a research note issued on Monday. The firm set a “sell” rating on the stock.

Birks Group Price Performance

Shares of NYSEAMERICAN BGI opened at $2.63 on Monday. Birks Group has a 52-week low of $2.07 and a 52-week high of $5.56.

Hedge Funds Weigh In On Birks Group

A hedge fund recently raised its stake in Birks Group stock. Ingalls & Snyder LLC lifted its position in Birks Group Inc. (NYSEAMERICAN:BGI) by 70.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,000 shares of the company’s stock after acquiring an additional 7,000 shares during the period. Ingalls & Snyder LLC owned 0.09% of Birks Group worth $80,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 0.22% of the company’s stock.

About Birks Group

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.