Lancaster Colony (LANC) Stock Rating Upgraded by BidaskClub
Lancaster Colony (NASDAQ:LANC) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
A number of other brokerages also recently weighed in on LANC. Zacks Investment Research downgraded Lancaster Colony from a “hold” rating to a “sell” rating in a report on Friday, November 17th. Wedbush reiterated a “buy” rating on shares of Lancaster Colony in a report on Friday, August 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $154.67.
Shares of Lancaster Colony (NASDAQ LANC) traded up $0.75 during midday trading on Friday, hitting $134.03. The stock had a trading volume of 134,736 shares, compared to its average volume of 80,048. Lancaster Colony has a 1-year low of $113.33 and a 1-year high of $149.30. The company has a market cap of $3,657.54, a P/E ratio of 29.75 and a beta of 1.06.
A number of large investors have recently added to or reduced their stakes in LANC. Neuberger Berman Group LLC boosted its position in Lancaster Colony by 29.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 944,727 shares of the company’s stock valued at $113,481,000 after purchasing an additional 214,154 shares during the period. Renaissance Technologies LLC boosted its position in Lancaster Colony by 23.0% during the 2nd quarter. Renaissance Technologies LLC now owns 750,762 shares of the company’s stock valued at $92,058,000 after purchasing an additional 140,262 shares during the period. Royce & Associates LP boosted its position in Lancaster Colony by 40.7% during the 2nd quarter. Royce & Associates LP now owns 171,000 shares of the company’s stock valued at $20,968,000 after purchasing an additional 49,500 shares during the period. Citadel Advisors LLC boosted its position in Lancaster Colony by 592.2% during the 2nd quarter. Citadel Advisors LLC now owns 37,137 shares of the company’s stock valued at $4,554,000 after purchasing an additional 31,772 shares during the period. Finally, WINTON GROUP Ltd boosted its position in Lancaster Colony by 109.7% during the 2nd quarter. WINTON GROUP Ltd now owns 59,976 shares of the company’s stock valued at $7,354,000 after purchasing an additional 31,379 shares during the period. Institutional investors and hedge funds own 51.31% of the company’s stock.
Lancaster Colony Company Profile
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.
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