Snyder’s-Lance, Inc. (NASDAQ:LNCE)‘s stock had its “neutral” rating reiterated by stock analysts at UBS AG in a research note issued on Thursday, www.flashratings.com reports. They currently have a $39.00 price target on the stock, up from their previous price target of $35.00. UBS AG’s price target indicates a potential upside of 6.18% from the company’s previous close.

Several other analysts also recently weighed in on the company. Jefferies Group LLC reiterated a “buy” rating and set a $44.00 target price on shares of Snyder’s-Lance in a research report on Wednesday, April 26th. BidaskClub downgraded Snyder’s-Lance from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. Zacks Investment Research downgraded Snyder’s-Lance from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. SunTrust Banks, Inc. downgraded Snyder’s-Lance from a “buy” rating to a “hold” rating and decreased their target price for the stock from $45.00 to $30.00 in a research report on Monday, April 17th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $38.00 target price on shares of Snyder’s-Lance in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $39.80.

Shares of Snyder’s-Lance (NASDAQ:LNCE) traded down 1.90% on Thursday, reaching $36.73. 769,228 shares of the company’s stock were exchanged. The company’s 50 day moving average is $35.25 and its 200-day moving average is $37.21. Snyder’s-Lance has a one year low of $31.03 and a one year high of $40.85. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 99.81 and a beta of 0.71.

Snyder’s-Lance (NASDAQ:LNCE) last released its earnings results on Tuesday, August 8th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. Snyder’s-Lance had a return on equity of 5.34% and a net margin of 1.60%. The business had revenue of $579.60 million during the quarter, compared to the consensus estimate of $565.66 million. During the same period last year, the company earned $0.28 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts anticipate that Snyder’s-Lance will post $1.12 EPS for the current year.

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In other news, Director Peter P. Brubaker acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The stock was purchased at an average cost of $37.10 per share, for a total transaction of $37,100.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 13.70% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in LNCE. Oppenheimer & Co. Inc. increased its stake in Snyder’s-Lance by 0.4% in the first quarter. Oppenheimer & Co. Inc. now owns 16,635 shares of the company’s stock valued at $671,000 after buying an additional 65 shares during the last quarter. Atria Investments LLC increased its stake in Snyder’s-Lance by 1.1% in the second quarter. Atria Investments LLC now owns 6,193 shares of the company’s stock valued at $214,000 after buying an additional 65 shares during the last quarter. BB&T Securities LLC increased its stake in Snyder’s-Lance by 1.1% in the first quarter. BB&T Securities LLC now owns 8,062 shares of the company’s stock valued at $324,000 after buying an additional 84 shares during the last quarter. Capstone Asset Management Co. increased its stake in Snyder’s-Lance by 1.6% in the first quarter. Capstone Asset Management Co. now owns 5,751 shares of the company’s stock valued at $232,000 after buying an additional 90 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in Snyder’s-Lance by 2.1% in the second quarter. Teacher Retirement System of Texas now owns 6,165 shares of the company’s stock valued at $213,000 after buying an additional 129 shares during the last quarter. Hedge funds and other institutional investors own 63.88% of the company’s stock.

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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