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

LNCE has been the topic of a number of research reports. Jefferies Group reiterated a “buy” rating and issued a $40.00 price target on shares of Snyder’s-Lance in a report on Thursday, May 5th. DA Davidson started coverage on shares of Snyder’s-Lance in a report on Wednesday, April 27th. They issued a “buy” rating and a $38.00 target price on the stock. Axiom Securities upgraded shares of Snyder’s-Lance from a “hold” rating to a “buy” rating and reduced their target price for the stock from $16.00 to $12.25 in a report on Thursday, June 9th. TheStreet upgraded shares of Snyder’s-Lance from a “hold” rating to a “buy” rating in a report on Thursday, June 30th. Finally, BMO Capital Markets restated a “hold” rating and issued a $36.00 target price on shares of Snyder’s-Lance in a report on Monday, May 23rd. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $36.28.

The company has a 50-day moving average price of $32.02 and a 200-day moving average price of $32.06. The stock has a market capitalization of $3.37 billion and a PE ratio of 180.46.

Snyder’s-Lance (NASDAQ:LNCE) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. During the same period last year, the company posted $0.17 earnings per share. The firm had revenue of $463 million for the quarter, compared to analysts’ expectations of $472.20 million. The business’s quarterly revenue was up 15.0% on a year-over-year basis. Equities analysts predict that Snyder’s-Lance Inc. will post $1.26 earnings per share for the current year.

In related news, Director Patricia A. Warehime acquired 17,240 shares of the firm’s stock in a transaction on Wednesday, May 18th. The shares were acquired at an average cost of $29.31 per share, with a total value of $505,304.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dan C. Swander sold 2,500 shares of the stock in a transaction on Monday, May 16th. The shares were sold at an average price of $31.00, for a total transaction of $77,500.00. Following the transaction, the director now directly owns 19,500 shares in the company, valued at $604,500. The disclosure for this sale can be found here.

A number of institutional investors recently bought and sold shares of LNCE. Neuberger Berman Group LLC bought a new position in Snyder’s-Lance during the fourth quarter valued at about $1,095,000. Wells Fargo & Company MN increased its position in Snyder’s-Lance by 5.7% in the fourth quarter. Wells Fargo & Company MN now owns 34,216 shares of the company’s stock valued at $1,174,000 after buying an additional 1,844 shares during the last quarter. State of Wisconsin Investment Board increased its position in Snyder’s-Lance by 3.1% in the fourth quarter. State of Wisconsin Investment Board now owns 36,810 shares of the company’s stock valued at $1,263,000 after buying an additional 1,101 shares during the last quarter. Comerica Bank increased its position in Snyder’s-Lance by 1.0% in the fourth quarter. Comerica Bank now owns 53,866 shares of the company’s stock valued at $1,877,000 after buying an additional 547 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in Snyder’s-Lance by 28.7% in the fourth quarter. New York State Common Retirement Fund now owns 57,400 shares of the company’s stock valued at $1,969,000 after buying an additional 12,800 shares during the last quarter.

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.

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