Snyder's-Lance (LNCE) Upgraded at BidaskClub
BidaskClub upgraded shares of Snyder's-Lance (NASDAQ:LNCE) from a sell rating to a hold rating in a research report sent to investors on Friday.
A number of other equities analysts also recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of Snyder's-Lance from $49.00 to $50.00 and gave the stock a market perform rating in a research note on Thursday. Jefferies Group downgraded shares of Snyder's-Lance from a buy rating to a hold rating and set a $50.00 price target for the company. in a research note on Tuesday, February 6th. SunTrust Banks lifted their price target on shares of Snyder's-Lance to $50.00 and gave the company a hold rating in a research note on Tuesday, December 19th. Deutsche Bank set a $50.00 price target on shares of Snyder's-Lance and gave the company a buy rating in a research note on Friday, December 15th. Finally, Zacks Investment Research downgraded shares of Snyder's-Lance from a buy rating to a hold rating in a research note on Friday, November 10th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Snyder's-Lance presently has an average rating of Hold and a consensus price target of $47.00.
Snyder's-Lance (NASDAQ:LNCE) opened at $49.94 on Friday. Snyder's-Lance has a 52 week low of $31.03 and a 52 week high of $50.67. The firm has a market cap of $4,910.12, a price-to-earnings ratio of 33.29, a P/E/G ratio of 3.28 and a beta of 0.62. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.61.
The business also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Thursday, February 22nd were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.28%. The ex-dividend date was Wednesday, February 21st. Snyder's-Lance’s dividend payout ratio (DPR) is currently 42.67%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio increased its stake in Snyder's-Lance by 5.3% in the second quarter. Public Employees Retirement System of Ohio now owns 4,272 shares of the company’s stock valued at $148,000 after purchasing an additional 214 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Snyder's-Lance by 235.7% during the third quarter. Envestnet Asset Management Inc. now owns 4,246 shares of the company’s stock valued at $162,000 after buying an additional 2,981 shares during the last quarter. We Are One Seven LLC acquired a new position in shares of Snyder's-Lance during the fourth quarter valued at about $179,000. Prospera Financial Services Inc acquired a new position in shares of Snyder's-Lance during the fourth quarter valued at about $200,000. Finally, Shelton Capital Management acquired a new position in shares of Snyder's-Lance during the third quarter valued at about $204,000. 60.54% of the stock is owned by hedge funds and other institutional investors.
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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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