Snyder's-Lance (NASDAQ:LNCE) has been given a $50.00 price target by stock analysts at Deutsche Bank in a research report issued on Friday. The brokerage currently has a “buy” rating on the stock. Deutsche Bank’s price target would suggest a potential upside of 6.86% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. Zacks Investment Research raised shares of Snyder's-Lance from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Wednesday, October 18th. TheStreet lowered shares of Snyder's-Lance from a “b” rating to a “c+” rating in a research report on Tuesday, November 7th. SunTrust Banks reaffirmed a “hold” rating and set a $35.00 target price on shares of Snyder's-Lance in a research report on Friday, November 10th. Finally, UBS reduced their target price on shares of Snyder's-Lance from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 8th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Snyder's-Lance presently has an average rating of “Hold” and a consensus target price of $42.33.
Snyder's-Lance (NASDAQ LNCE) traded up $2.37 during trading on Friday, reaching $46.79. 3,617,743 shares of the company were exchanged, compared to its average volume of 596,148. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.63 and a quick ratio of 0.99. Snyder's-Lance has a 12 month low of $31.03 and a 12 month high of $47.56. The stock has a market cap of $4,560.00, a price-to-earnings ratio of 35.51 and a beta of 0.71.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. M&T Bank Corp boosted its stake in shares of Snyder's-Lance by 0.4% during the second quarter. M&T Bank Corp now owns 7,808 shares of the company’s stock valued at $270,000 after purchasing an additional 28 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of Snyder's-Lance by 1.6% during the second quarter. Capstone Asset Management Co. now owns 5,841 shares of the company’s stock valued at $202,000 after purchasing an additional 90 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Snyder's-Lance by 2.1% during the second quarter. Teacher Retirement System of Texas now owns 6,165 shares of the company’s stock valued at $213,000 after purchasing an additional 129 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Snyder's-Lance by 5.3% during the second quarter. Public Employees Retirement System of Ohio now owns 4,272 shares of the company’s stock valued at $148,000 after purchasing an additional 214 shares in the last quarter. Finally, BB&T Securities LLC boosted its stake in shares of Snyder's-Lance by 3.2% during the second quarter. BB&T Securities LLC now owns 8,318 shares of the company’s stock valued at $287,000 after purchasing an additional 256 shares in the last quarter. Hedge funds and other institutional investors own 64.51% of the company’s stock.
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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.
