Snyder’s-Lance Inc. (NASDAQ:LNCE)’s share price shot up 3% during trading on Thursday . The company traded as high as $34.45 and last traded at $34.19, with a volume of 605,475 shares. The stock had previously closed at $33.19.

A number of research firms recently commented on LNCE. Jefferies Group reaffirmed a “buy” rating and set a $40.00 price target on shares of Snyder’s-Lance in a research note on Thursday, May 5th. Zacks Investment Research raised shares of Snyder’s-Lance from a “sell” rating to a “hold” rating in a research note on Thursday, June 30th. KeyCorp began coverage on shares of Snyder’s-Lance in a research note on Wednesday, May 25th. They set a “sector weight” rating for the company. Axiom Securities raised shares of Snyder’s-Lance from a “hold” rating to a “buy” rating and dropped their price target for the stock from $16.00 to $12.25 in a research note on Thursday, June 9th. Finally, BMO Capital Markets raised shares of Snyder’s-Lance from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $36.00 to $40.00 in a research note on Thursday, June 9th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $36.28.

The firm’s 50 day moving average price is $31.71 and its 200 day moving average price is $32.05. The company has a market capitalization of $3.29 billion and a P/E ratio of 176.31.

Snyder’s-Lance (NASDAQ:LNCE) last issued its earnings results on Tuesday, May 10th. The company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. The business earned $463 million during the quarter, compared to analyst estimates of $472.20 million. Snyder’s-Lance’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the company earned $0.17 earnings per share. Equities research analysts forecast that Snyder’s-Lance Inc. will post $1.26 earnings per share for the current fiscal year.

In other news, Director Dan C. Swander sold 2,500 shares of the stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $31.00, for a total value of $77,500.00. Following the completion of the sale, the director now directly owns 19,500 shares in the company, valued at $604,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dan C. Swander sold 7,500 shares of the stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $31.03, for a total transaction of $232,725.00. Following the completion of the sale, the director now owns 12,000 shares of the company’s stock, valued at $372,360. The disclosure for this sale can be found here.

Several large investors have modified their holdings of the stock. Eagle Asset Management boosted its stake in shares of Snyder’s-Lance by 94.2% in the third quarter. Eagle Asset Management now owns 1,297,242 shares of the company’s stock worth $43,754,000 after buying an additional 629,302 shares during the period. OppenheimerFunds Inc. acquired a new stake in shares of Snyder’s-Lance during the fourth quarter worth approximately $20,414,000. Dimensional Fund Advisors LP boosted its stake in shares of Snyder’s-Lance by 10.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,120,639 shares of the company’s stock worth $72,740,000 after buying an additional 204,829 shares during the period. Century Capital Management LLC boosted its stake in shares of Snyder’s-Lance by 51.0% in the fourth quarter. Century Capital Management LLC now owns 556,630 shares of the company’s stock worth $19,092,000 after buying an additional 187,960 shares during the period. Finally, UBS Oconnor LLC boosted its stake in shares of Snyder’s-Lance by 24.8% in the fourth quarter. UBS Oconnor LLC now owns 442,938 shares of the company’s stock worth $15,193,000 after buying an additional 87,940 shares during the period.

Snyder’s-Lance, Inc is a national 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, nuts, restaurant style crackers and other salty snacks.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.