Birks Group Inc. Appoints New Auditors and Elects Directors at Annual Meeting
Birks Group Inc. held its Annual Meeting on September 18, 2025, in Montreal, where it appointed Grant Thornton S..C.R.L. as new independent auditors, replacing KPMG LLP. This change followed a competitive proposal process initiated on July 29, 2025. KPMG's previous audits noted material weaknesses in internal controls but had no adverse opinions. Analyst ratings for BGI stock are currently a Hold with a $1.50 price target, reflecting significant financial challenges and mixed technical signals. Birks Group operates in the luxury goods sector, focusing on high-end jewelry and timepieces.
The latest update is out from Birks & Mayors ( (BGI) ).
On September 18, 2025, Birks Group Inc. held its Annual Meeting of Shareholders in Montreal, where the election of directors took place, and Grant Thornton S.E.N.C.R.L. was appointed as the new independent auditors, replacing KPMG LLP. The change in auditors follows a competitive request for proposals initiated by the company on July 29, 2025, after KPMG’s audit report for the fiscal year ended March 29, 2025. Despite the change, KPMG’s previous audit reports did not contain any adverse opinions, although they did communicate material weaknesses in internal controls over financial reporting.
The most recent analyst rating on (BGI) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Birks & Mayors stock, see the BGI Stock Forecast page.
Spark’s Take on BGI Stock
According to Spark, TipRanks’ AI Analyst, BGI is a Neutral.
The overall stock score is primarily impacted by significant financial challenges, including negative profitability and high leverage. Technical analysis provides mixed signals, with short-term bullish momentum but potential overbought conditions. Valuation metrics are weak, with a negative P/E ratio and no dividend yield, further contributing to the low score.
To see Spark’s full report on BGI stock, click here.
More about Birks & Mayors
Birks Group Inc. operates in the luxury goods industry, primarily focusing on high-end jewelry and timepieces. The company is based in Montreal, Quebec, Canada, and caters to a market seeking premium and exclusive products.
Average Trading Volume: 1,162,053
Technical Sentiment Signal: Hold
Current Market Cap: $22.34M
Find detailed analytics on BGI stock on TipRanks’ Stock Analysis page.
