DA Davidson Cuts Marzetti (NASDAQ:MZTI) Price Target to $168.00

Marzetti (NASDAQ:MZTI) had its price target decreased by equities research analysts at DA Davidson from $184.00 to $168.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s price objective would suggest a potential upside of 14.03% from the stock’s current price.

A number of other equities research analysts also recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Marzetti in a report on Friday, January 9th. Wall Street Zen lowered shares of Marzetti from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Stephens lowered their target price on shares of Marzetti from $190.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $182.67.

Marzetti Trading Down 2.7%

Shares of NASDAQ:MZTI traded down $4.12 on Monday, hitting $147.33. The company had a trading volume of 143,215 shares, compared to its average volume of 192,118. The company has a market cap of $4.04 billion, a PE ratio of 22.58 and a beta of 0.40. Marzetti has a 52-week low of $147.91 and a 52-week high of $193.40. The business has a 50 day moving average of $163.56 and a 200 day moving average of $167.81.

Marzetti (NASDAQ:MZTI) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $2.15 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.08). Marzetti had a return on equity of 18.55% and a net margin of 9.25%.The company had revenue of $509.77 million for the quarter. Marzetti’s revenue was up 1.7% on a year-over-year basis. As a group, equities analysts predict that Marzetti will post 6.8 EPS for the current year.

Institutional Trading of Marzetti

A number of institutional investors have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC acquired a new position in shares of Marzetti during the fourth quarter worth about $32,000. Parkside Financial Bank & Trust acquired a new position in Marzetti in the fourth quarter worth about $32,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Marzetti during the fourth quarter valued at approximately $33,000. Caitong International Asset Management Co. Ltd bought a new position in Marzetti during the 4th quarter worth approximately $33,000. Finally, Lodestone Wealth Management LLC bought a new stake in shares of Marzetti in the 4th quarter valued at approximately $37,000. 66.44% of the stock is owned by hedge funds and other institutional investors.

Marzetti Company Profile

Lancaster Colony Corporation engages in the manufacturing and marketing of specialty food products for the retail and foodservice channels in the United States. It operates in two segments, Retail and Foodservice. The company offers frozen garlic bread under the New York BRAND Bakery; frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's brand; salad dressings under the Marzetti, Simply Dressed, Cardini's, and Girard's brands; vegetable and fruit dips under the Marzetti brand; croutons and salad toppings under the New York BRAND Bakery, Chatham Village, and Marzetti brands; and frozen pasta under the Marzetti Frozen Pasta brand.