Snyder’s-Lance (NASDAQ: LNCE) has recently received a number of price target changes and ratings updates:

  • 11/10/2017 – Snyder’s-Lance had its “hold” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $35.00 price target on the stock.
  • 11/10/2017 – Snyder’s-Lance was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Synders-Lance Inc, formerly known as Lancer Inc, is engaged in the manufacture, market and distribution of a variety of branded and private label snack foods and bakery products. Products include branded sandwich crackers, sandwich cookies, restaurant crackers and bread basket items, candy, chips, meat snacks, nuts and private label cookies and crackers. Products are packaged as individual, single servings and as larger packages or multi-pack configurations and are distributed to grocery stores, convenience stores, vending machines, food service institutions, and through up and down the street outlets . “
  • 11/8/2017 – Snyder’s-Lance had its price target lowered by analysts at UBS AG from $39.00 to $38.00. They now have a “neutral” rating on the stock.
  • 11/7/2017 – Snyder’s-Lance was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 10/18/2017 – Snyder’s-Lance was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $44.00 price target on the stock. According to Zacks, “Synders-Lance Inc, formerly known as Lancer Inc, is engaged in the manufacture, market and distribution of a variety of branded and private label snack foods and bakery products. Products include branded sandwich crackers, sandwich cookies, restaurant crackers and bread basket items, candy, chips, meat snacks, nuts and private label cookies and crackers. Products are packaged as individual, single servings and as larger packages or multi-pack configurations and are distributed to grocery stores, convenience stores, vending machines, food service institutions, and through up and down the street outlets . “

Snyder’s-Lance, Inc. (NASDAQ:LNCE) traded up $0.98 during mid-day trading on Monday, reaching $35.48. 311,100 shares of the company’s stock traded hands, compared to its average volume of 586,225. The company has a current ratio of 1.63, a quick ratio of 0.99 and a debt-to-equity ratio of 0.58. Snyder’s-Lance, Inc. has a 52-week low of $31.03 and a 52-week high of $40.85. The company has a market cap of $3,400.00, a price-to-earnings ratio of 31.96 and a beta of 0.71.

Snyder’s-Lance (NASDAQ:LNCE) last released its earnings results on Tuesday, November 7th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.02). Snyder’s-Lance had a negative net margin of 2.22% and a positive return on equity of 5.30%. The firm had revenue of $564.20 million during the quarter, compared to the consensus estimate of $559.86 million. During the same period in the prior year, the business earned $0.35 earnings per share. Snyder’s-Lance’s quarterly revenue was up 3.7% compared to the same quarter last year. equities research analysts forecast that Snyder’s-Lance, Inc. will post 1.14 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Monday, November 20th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Friday, November 17th. Snyder’s-Lance’s dividend payout ratio is currently -256.00%.

In other news, Director Isaiah Tidwell sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $37.35, for a total value of $56,025.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Patricia A. Warehime purchased 18,839 shares of Snyder’s-Lance stock in a transaction dated Tuesday, August 15th. The stock was bought at an average price of $37.24 per share, for a total transaction of $701,564.36. The disclosure for this purchase can be found here. 13.70% of the stock is owned by company insiders.

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.

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