Insider Selling: Isaiah Tidwell Sells 2,000 Shares of Snyders-Lance Stock (LNCE)
Snyders-Lance (NASDAQ:LNCE) Director Isaiah Tidwell sold 2,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $28.13, for a total value of $56,260.00. Following the completion of the transaction, the director now directly owns 4,000 shares in the company. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on LNCE. Analysts at Jefferies Group raised their price target on shares of Snyders-Lance (NASDAQ:LNCE) from $30.00 to $34.00 in a research note to investors on Wednesday, August 7th. Separately, analysts at BMO Capital Markets raised their price target on shares of Snyders-Lance (NASDAQ:LNCE) from $25.00 to $27.00 in a research note to investors on Wednesday, August 7th. They now have a “market perform” rating on the stock. Finally, analysts at KeyCorp downgraded shares of Snyders-Lance (NASDAQ:LNCE) from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, August 7th.
Six equities research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus price target of $28.40.
Snyders-Lance (NASDAQ:LNCE) traded down 1.22% on Thursday, hitting $28.33. 132,377 shares of the company’s stock traded hands. Snyders-Lance has a 1-year low of $22.59 and a 1-year high of $32.49. The stock’s 50-day moving average is $28.58 and its 200-day moving average is $26.98. The company has a market cap of $1.966 billion and a price-to-earnings ratio of 34.51.
Snyders-Lance (NASDAQ:LNCE) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.28 by $0.04. The company had revenue of $439.00 million for the quarter, compared to the consensus estimate of $446.38 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. Analysts expect that Snyders-Lance will post $1.20 EPS for the current fiscal year.
Snyder’s-Lance, Inc (NASDAQ:LNCE) is engaged in the manufacturing, distribution, marketing and sale of snack food products.
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