Lancaster Colony Corporation (NASDAQ:LANC) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Monday.

A number of other equities research analysts have also recently commented on LANC. Wedbush reissued an “outperform” rating and issued a $160.00 price objective on shares of Lancaster Colony Corporation in a research note on Monday, April 24th. Zacks Investment Research cut shares of Lancaster Colony Corporation from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. Vertical Research raised shares of Lancaster Colony Corporation from a “hold” rating to a “buy” rating in a research note on Friday, May 26th. Finally, Vertical Group raised shares of Lancaster Colony Corporation from a “hold” rating to a “buy” rating and increased their price objective for the company from $123.00 to $146.00 in a research note on Tuesday, May 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Lancaster Colony Corporation has a consensus rating of “Hold” and an average target price of $152.00.

Lancaster Colony Corporation (LANC) opened at 124.29 on Monday. The stock has a 50 day moving average of $123.45 and a 200 day moving average of $126.95. The stock has a market capitalization of $3.41 billion, a P/E ratio of 29.04 and a beta of 1.02. Lancaster Colony Corporation has a 1-year low of $117.50 and a 1-year high of $149.30.

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Large investors have recently modified their holdings of the stock. Bank of Montreal Can boosted its stake in shares of Lancaster Colony Corporation by 0.7% in the first quarter. Bank of Montreal Can now owns 12,642 shares of the company’s stock worth $1,629,000 after buying an additional 82 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Lancaster Colony Corporation by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 4,900 shares of the company’s stock worth $631,000 after buying an additional 100 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Lancaster Colony Corporation by 0.9% in the first quarter. Fisher Asset Management LLC now owns 403,475 shares of the company’s stock worth $51,984,000 after buying an additional 3,764 shares during the last quarter. Profund Advisors LLC boosted its stake in shares of Lancaster Colony Corporation by 3.4% in the first quarter. Profund Advisors LLC now owns 2,821 shares of the company’s stock worth $363,000 after buying an additional 92 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of Lancaster Colony Corporation by 25.4% in the first quarter. ProShare Advisors LLC now owns 119,089 shares of the company’s stock worth $15,343,000 after buying an additional 24,132 shares during the last quarter. 49.20% of the stock is currently owned by hedge funds and other institutional investors.

About Lancaster Colony Corporation

Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice channels. The Company’s food products include Salad dressings and sauces, Vegetable dips and fruit dips, Frozen garlic breads, Frozen Parkerhouse style yeast rolls and dinner rolls, Premium dry egg noodles, Frozen specialty noodles, Croutons and salad toppings, Flatbread wraps and pizza crusts, and Caviar.

Analyst Recommendations for Lancaster Colony Corporation (NASDAQ:LANC)

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