Shares of Snyder’s-Lance, Inc. (NASDAQ:LNCE) have been assigned an average rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $40.60.

Several brokerages have commented on LNCE. UBS restated a “neutral” rating and issued a $39.00 target price (up previously from $35.00) on shares of Snyder’s-Lance in a research note on Thursday, August 10th. BMO Capital Markets restated an “outperform” rating and issued a $43.00 target price (up previously from $38.00) on shares of Snyder’s-Lance in a research note on Wednesday, August 9th. SunTrust Banks restated a “hold” rating and issued a $35.00 target price on shares of Snyder’s-Lance in a research note on Friday, November 10th. TheStreet downgraded Snyder’s-Lance from a “b” rating to a “c+” rating in a research note on Tuesday, November 7th. Finally, Zacks Investment Research upgraded Snyder’s-Lance from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Wednesday, October 18th.

Hedge funds and other institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. raised its holdings in shares of Snyder’s-Lance by 108.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 4,165,505 shares of the company’s stock valued at $144,210,000 after acquiring an additional 2,166,488 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Snyder’s-Lance in the 2nd quarter valued at about $14,921,000. FMR LLC raised its holdings in shares of Snyder’s-Lance by 15.4% in the 2nd quarter. FMR LLC now owns 1,917,933 shares of the company’s stock valued at $66,400,000 after acquiring an additional 256,477 shares in the last quarter. Oak Ridge Investments LLC raised its holdings in shares of Snyder’s-Lance by 30.0% in the 2nd quarter. Oak Ridge Investments LLC now owns 1,087,389 shares of the company’s stock valued at $37,645,000 after acquiring an additional 251,233 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in shares of Snyder’s-Lance by 10.0% in the 2nd quarter. Eagle Asset Management Inc. now owns 2,249,310 shares of the company’s stock valued at $77,871,000 after acquiring an additional 205,035 shares in the last quarter. Institutional investors and hedge funds own 64.51% of the company’s stock.

Snyder’s-Lance (NASDAQ:LNCE) traded up $0.11 during mid-day trading on Thursday, hitting $38.13. The stock had a trading volume of 279,700 shares, compared to its average volume of 565,699. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.63 and a quick ratio of 0.99. The company has a market cap of $3,705.24, a P/E ratio of 34.25 and a beta of 0.71. Snyder’s-Lance has a 12 month low of $31.03 and a 12 month high of $40.85.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 28th. Shareholders of record on Monday, November 20th were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.64 annualized dividend and a yield of 1.68%. Snyder’s-Lance’s dividend payout ratio is currently -123.08%.

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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.

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