Shares of Snyder’s-Lance Inc. (NASDAQ:LNCE) have been assigned a consensus rating of “Buy” from the ten brokerages that are covering the firm. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $36.46.

Several research analysts recently commented on LNCE shares. Zacks Investment Research upgraded shares of Snyder’s-Lance from a “sell” rating to a “hold” rating in a report on Thursday, June 30th. TheStreet upgraded shares of Snyder’s-Lance from a “hold” rating to a “buy” rating in a report on Thursday, June 30th. Deutsche Bank AG lifted their target price on shares of Snyder’s-Lance from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday, August 2nd. Finally, DA Davidson lifted their target price on shares of Snyder’s-Lance from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, August 9th.

In other news, Director Peter P. Brubaker sold 4,000 shares of Snyder’s-Lance stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $36.00, for a total transaction of $144,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John E. Denton sold 6,932 shares of Snyder’s-Lance stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $33.95, for a total transaction of $235,341.40. The disclosure for this sale can be found here. Insiders own 18.60% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Snyder’s-Lance by 9.7% in the second quarter. Vanguard Group Inc. now owns 5,772,887 shares of the company’s stock valued at $195,643,000 after buying an additional 508,436 shares during the period. BlackRock Fund Advisors raised its stake in shares of Snyder’s-Lance by 10.9% in the second quarter. BlackRock Fund Advisors now owns 3,968,799 shares of the company’s stock valued at $134,503,000 after buying an additional 391,065 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Snyder’s-Lance by 20.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,764,557 shares of the company’s stock valued at $127,578,000 after buying an additional 641,034 shares during the period. Champlain Investment Partners LLC raised its stake in shares of Snyder’s-Lance by 38.0% in the second quarter. Champlain Investment Partners LLC now owns 3,579,355 shares of the company’s stock valued at $121,304,000 after buying an additional 985,405 shares during the period. Finally, State Street Corp raised its stake in shares of Snyder’s-Lance by 7.7% in the second quarter. State Street Corp now owns 2,416,524 shares of the company’s stock valued at $81,896,000 after buying an additional 171,848 shares during the period. Institutional investors and hedge funds own 58.34% of the company’s stock.

Shares of Snyder’s-Lance (NASDAQ:LNCE) remained flat at $34.92 during trading on Monday. The stock had a trading volume of 157,768 shares. Snyder’s-Lance has a one year low of $27.93 and a one year high of $39.10. The firm has a market cap of $3.35 billion, a P/E ratio of 167.08 and a beta of 0.56. The stock has a 50-day moving average of $34.33 and a 200 day moving average of $33.20.

Snyder’s-Lance (NASDAQ:LNCE) last announced its earnings results on Tuesday, August 9th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.26 by $0.02. The firm had revenue of $609.50 million for the quarter, compared to the consensus estimate of $616.28 million. Snyder’s-Lance had a net margin of 0.90% and a return on equity of 5.90%. The business’s quarterly revenue was up 41.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 EPS. Equities analysts expect that Snyder’s-Lance will post $1.26 earnings per share for the current year.

About Snyder’s-Lance

Snyder’s-Lance, Inc is a snack food company. The Company operates in the manufacturing, distribution, marketing and sale of snack food products segment. The Company’s products include pretzels, sandwich crackers, kettle cooked chips, pretzel crackers, cookies, potato chips, tortilla chips, nuts, restaurant style crackers and other salty snacks.

5 Day Chart for NASDAQ:LNCE

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