Snyder’s-Lance, Inc. (NASDAQ:LNCE) has received an average rating of “Hold” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $40.60.

Several research analysts recently commented on the stock. BMO Capital Markets reiterated an “outperform” rating and issued a $43.00 target price (up previously from $38.00) on shares of Snyder’s-Lance in a report on Wednesday, August 9th. TheStreet upgraded shares of Snyder’s-Lance from a “c+” rating to a “b” rating in a report on Tuesday, August 8th. UBS AG dropped 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 report on Wednesday, November 8th. Zacks Investment Research downgraded shares of Snyder’s-Lance from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, BidaskClub downgraded shares of Snyder’s-Lance from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st.

In other news, Director Isaiah Tidwell sold 1,500 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $37.35, for a total transaction of $56,025.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 13.70% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Teachers Advisors LLC boosted its position in shares of Snyder’s-Lance by 3.4% during the 1st quarter. Teachers Advisors LLC now owns 144,479 shares of the company’s stock valued at $5,824,000 after acquiring an additional 4,782 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Snyder’s-Lance by 29.0% during the 1st quarter. Legal & General Group Plc now owns 52,682 shares of the company’s stock valued at $2,124,000 after acquiring an additional 11,848 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in shares of Snyder’s-Lance by 9.8% during the 1st quarter. Thrivent Financial For Lutherans now owns 16,060 shares of the company’s stock valued at $647,000 after acquiring an additional 1,440 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of Snyder’s-Lance by 6.7% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 17,155 shares of the company’s stock valued at $692,000 after acquiring an additional 1,070 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Snyder’s-Lance by 3.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 4,058 shares of the company’s stock valued at $164,000 after acquiring an additional 132 shares in the last quarter. Institutional investors own 65.95% of the company’s stock.

Shares of Snyder’s-Lance (LNCE) traded up $0.04 on Friday, reaching $36.28. 264,088 shares of the company traded hands, compared to its average volume of 579,476. The company has a market cap of $3,530.00, a P/E ratio of 32.04 and a beta of 0.71. Snyder’s-Lance has a 12-month low of $31.03 and a 12-month high of $40.85. The company has a quick ratio of 0.99, a current ratio of 1.63 and a debt-to-equity ratio of 0.58.

Snyder’s-Lance (NASDAQ:LNCE) last announced its earnings results on Tuesday, November 7th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.02). The firm had revenue of $564.20 million during the quarter, compared to the consensus estimate of $559.86 million. Snyder’s-Lance had a positive return on equity of 5.30% and a negative net margin of 2.22%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 EPS. equities research analysts forecast that Snyder’s-Lance will post 1.14 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Monday, November 20th will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, November 17th. This represents a $0.64 annualized dividend and a dividend yield of 1.76%. Snyder’s-Lance’s payout ratio is -256.00%.

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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.

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