Initiates Coverage on Birks Group (NYSEAMERICAN:BGI)

Stock analysts at began coverage on shares of Birks Group (NYSEAMERICAN:BGIGet Free Report) in a research report issued to clients and investors on Thursday. The brokerage set a “sell” rating on the stock.

Birks Group Stock Performance

Birks Group stock opened at $2.56 on Thursday. Birks Group has a one year low of $2.07 and a one year high of $6.21.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Birks Group stock. Ingalls & Snyder LLC lifted its stake in Birks Group Inc. (NYSEAMERICAN:BGIFree Report) by 70.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,000 shares of the company’s stock after buying an additional 7,000 shares during the quarter. Ingalls & Snyder LLC owned about 0.09% of Birks Group worth $80,000 as of its most recent filing with the Securities & Exchange Commission. 0.22% of the stock is owned by institutional investors and hedge funds.

Birks Group Company Profile

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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.

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