Birks Group (NYSEAMERICAN:BGI) Earns Sell Rating from Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Birks Group (NYSEAMERICAN:BGI) in a report issued on Saturday. The brokerage set a “sell” rating on the stock.

Birks Group Stock Down 3.1 %

NYSEAMERICAN BGI opened at $2.85 on Friday. Birks Group has a 12 month low of $2.40 and a 12 month high of $10.02.

Institutional Investors Weigh In On Birks Group

Several hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC boosted its position in Birks Group by 344.8% during the first quarter. Renaissance Technologies LLC now owns 86,300 shares of the company’s stock valued at $700,000 after purchasing an additional 66,900 shares in the last quarter. Ingalls & Snyder LLC grew its position in shares of Birks Group by 70.0% in the 4th quarter. Ingalls & Snyder LLC now owns 17,000 shares of the company’s stock worth $80,000 after buying an additional 7,000 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Birks Group during the 1st quarter worth approximately $26,000. 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.