DA Davidson Reiterates “Neutral” Rating for Marzetti (NASDAQ:MZTI)

Marzetti (NASDAQ:MZTIGet Free Report)‘s stock had its “neutral” rating restated by DA Davidson in a report issued on Wednesday,Benzinga reports. They presently have a $184.00 price objective on the stock. DA Davidson’s price target points to a potential upside of 18.94% from the company’s previous close.

A number of other analysts have also issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marzetti in a research report on Friday, January 9th. Stephens dropped their price objective on Marzetti from $190.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Wall Street Zen lowered Marzetti from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $188.00.

Check Out Our Latest Analysis on Marzetti

Marzetti Trading Down 0.5%

NASDAQ MZTI opened at $154.70 on Wednesday. The company’s fifty day simple moving average is $166.11 and its 200-day simple moving average is $170.95. Marzetti has a 52 week low of $152.95 and a 52 week high of $198.39. The stock has a market cap of $4.24 billion, a P/E ratio of 23.69 and a beta of 0.39.

Marzetti (NASDAQ:MZTIGet Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $2.15 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.08). Marzetti had a net margin of 9.25% and a return on equity of 18.55%. The firm had revenue of $509.77 million for the quarter. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, research analysts expect that Marzetti will post 6.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Marzetti during the 4th quarter valued at about $33,000. Lodestone Wealth Management LLC acquired a new position in Marzetti in the fourth quarter valued at approximately $37,000. Farther Finance Advisors LLC acquired a new position in Marzetti in the fourth quarter valued at approximately $52,000. Blue Trust Inc. bought a new position in shares of Marzetti during the fourth quarter valued at approximately $57,000. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of Marzetti during the 4th quarter worth approximately $62,000. 66.44% of the stock is currently owned by institutional investors.

Trending Headlines about Marzetti

Here are the key news stories impacting Marzetti this week:

About Marzetti

(Get Free Report)

Lancaster Colony Corporation engages in the manufacturing and marketing of specialty food products for the retail and foodservice channels in the United States. It operates in two segments, Retail and Foodservice. The company offers frozen garlic bread under the New York BRAND Bakery; frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's brand; salad dressings under the Marzetti, Simply Dressed, Cardini's, and Girard's brands; vegetable and fruit dips under the Marzetti brand; croutons and salad toppings under the New York BRAND Bakery, Chatham Village, and Marzetti brands; and frozen pasta under the Marzetti Frozen Pasta brand.

See Also

Receive News & Ratings for Marzetti Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marzetti and related companies with MarketBeat.com's FREE daily email newsletter.