Snyder’s-Lance, Inc. (NASDAQ:LNCE) released its earnings results on Tuesday. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01, Briefing.com reports. Snyder’s-Lance had a net margin of 2.25% and a return on equity of 5.36%. The company had revenue of $579.60 million for the quarter, compared to the consensus estimate of $565.66 million. During the same period in the prior year, the company posted $0.28 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. Snyder’s-Lance updated its FY17 guidance to $1.10-1.20 EPS.

Shares of Snyder’s-Lance (NASDAQ LNCE) opened at 39.08 on Wednesday. The company has a market capitalization of $3.78 billion, a PE ratio of 74.30 and a beta of 0.71. The company’s 50-day moving average price is $35.13 and its 200-day moving average price is $37.24. Snyder’s-Lance has a 1-year low of $31.03 and a 1-year high of $40.85.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Tuesday, August 22nd will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, August 18th. This represents a $0.64 dividend on an annualized basis and a yield of 1.64%. Snyder’s-Lance’s payout ratio is 123.08%.

A number of research firms have issued reports on LNCE. BidaskClub downgraded shares of Snyder’s-Lance from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Jefferies Group LLC set a $44.00 target price on shares of Snyder’s-Lance and gave the company a “buy” rating in a research report on Saturday, July 29th. UBS AG restated a “neutral” rating and set a $35.00 target price (down from $37.00) on shares of Snyder’s-Lance in a research report on Tuesday, July 18th. Zacks Investment Research downgraded shares of Snyder’s-Lance from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, BMO Capital Markets restated a “buy” rating and set a $38.00 target price on shares of Snyder’s-Lance in a research report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $38.67.

In other Snyder’s-Lance news, Director Peter P. Brubaker purchased 1,000 shares of the company’s stock in a transaction on Friday, May 26th. The shares were purchased at an average cost of $37.10 per share, with a total value of $37,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.70% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. Meadow Creek Investment Management LLC raised its position in shares of Snyder’s-Lance by 21.6% in the first quarter. Meadow Creek Investment Management LLC now owns 3,424 shares of the company’s stock valued at $138,000 after buying an additional 608 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Snyder’s-Lance by 3.4% in the first quarter. Public Employees Retirement System of Ohio now owns 4,058 shares of the company’s stock valued at $164,000 after buying an additional 132 shares during the period. Creative Planning raised its position in shares of Snyder’s-Lance by 68.7% in the second quarter. Creative Planning now owns 4,083 shares of the company’s stock valued at $141,000 after buying an additional 1,663 shares during the period. US Bancorp DE raised its position in shares of Snyder’s-Lance by 12.7% in the second quarter. US Bancorp DE now owns 4,553 shares of the company’s stock valued at $158,000 after buying an additional 513 shares during the period. Finally, Neuburgh Advisers LLC raised its position in shares of Snyder’s-Lance by 21.6% in the first quarter. Neuburgh Advisers LLC now owns 4,708 shares of the company’s stock valued at $190,000 after buying an additional 836 shares during the period. 63.88% of the stock is currently owned by hedge funds and other institutional investors.

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Snyder’s-Lance Company Profile

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

Earnings History for Snyder`s-Lance (NASDAQ:LNCE)

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