Snyder’s-Lance Inc. (NASDAQ:LNCE) has earned a consensus rating of “Buy” from the eight analysts that are currently covering the company. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $32.31.
A number of equities analysts have weighed in on the company. BMO Capital Markets restated a “buy” rating on shares of Snyder’s-Lance in a report on Tuesday, November 8th. DA Davidson upped their price target on Snyder’s-Lance from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, August 9th. Finally, Deutsche Bank AG upped their price target on Snyder’s-Lance from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday, August 2nd.
In other news, Director John E. Denton sold 6,932 shares of the stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $33.95, for a total transaction of $235,341.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 18.60% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Bruderman Asset Management LLC boosted its position in Snyder’s-Lance by 0.3% in the third quarter. Bruderman Asset Management LLC now owns 3,109 shares of the company’s stock valued at $104,000 after buying an additional 9 shares during the period. Advisor Group Inc. acquired a new position in Snyder’s-Lance during the second quarter valued at approximately $111,000. Public Employees Retirement System of Ohio boosted its position in Snyder’s-Lance by 10.8% in the second quarter. Public Employees Retirement System of Ohio now owns 3,435 shares of the company’s stock valued at $116,000 after buying an additional 334 shares during the period. LS Investment Advisors LLC boosted its position in Snyder’s-Lance by 76.4% in the second quarter. LS Investment Advisors LLC now owns 4,818 shares of the company’s stock valued at $163,000 after buying an additional 2,087 shares during the period. Finally, Bank of Montreal Can acquired a new position in Snyder’s-Lance during the second quarter valued at approximately $188,000. Institutional investors own 63.29% of the company’s stock.
Snyder’s-Lance (NASDAQ:LNCE) opened at 37.87 on Monday. Snyder’s-Lance has a 52-week low of $27.93 and a 52-week high of $38.61. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 106.08 and a beta of 0.61. The company has a 50-day moving average of $36.02 and a 200-day moving average of $34.13.
Snyder’s-Lance (NASDAQ:LNCE) last released its quarterly earnings results on Monday, November 7th. The company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.05. The firm earned $588.80 million during the quarter, compared to analysts’ expectations of $611.98 million. Snyder’s-Lance had a return on equity of 6.11% and a net margin of 1.48%. Snyder’s-Lance’s quarterly revenue was up 41.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 EPS. Equities research analysts expect that Snyder’s-Lance will post $1.28 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 29th. Stockholders of record on Monday, November 21st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, November 17th. Snyder’s-Lance’s dividend payout ratio (DPR) is currently 228.57%.