Snyder's-Lance Inc (NASDAQ:LNCE) had its target price raised by analysts at BMO Capital Markets from $35.00 to $36.00 in a research report issued to clients and investors on Wednesday, StockTargetPrices.com reports. BMO Capital Markets’ price objective points to a potential upside of 14.03% from the stock’s previous close.

Several other equities analysts have also commented on the company. Jefferies Group reissued a “buy” rating and set a $40.00 price target on shares of Snyder's-Lance in a research report on Saturday, January 9th. Zacks Investment Research upgraded Snyder's-Lance from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Monday, November 2nd. BB&T Corp. upgraded Snyder's-Lance from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Thursday, October 29th. SunTrust upgraded Snyder's-Lance from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $30.00 to $45.00 in a report on Thursday, October 29th. Finally, Deutsche Bank lifted their price objective on Snyder's-Lance from $30.00 to $32.00 and gave the stock a “hold” rating in a report on Tuesday, October 6th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $39.33.

Shares of Snyder's-Lance (NASDAQ:LNCE) traded up 2.47% during midday trading on Wednesday, hitting $31.57. The company had a trading volume of 789,785 shares. The company has a market cap of $2.24 billion and a price-to-earnings ratio of 32.21. The stock’s 50-day moving average price is $34.79 and its 200-day moving average price is $34.88. Snyder's-Lance has a 12 month low of $28.82 and a 12 month high of $39.10.

Snyder's-Lance (NASDAQ:LNCE) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.34 by $0.08. The company earned $416.80 million during the quarter, compared to analysts’ expectations of $435.40 million. During the same quarter in the previous year, the business earned $0.24 earnings per share. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, equities research analysts forecast that Snyder's-Lance will post $1.02 EPS for the current year.

Other large investors have recently modified their holdings of the company. California State Teachers Retirement System increased its stake in shares of Snyder's-Lance by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 90,526 shares of the company’s stock worth $3,105,000 after buying an additional 1,421 shares during the period. TFS Capital LLC purchased a new stake in shares of Snyder's-Lance during the fourth quarter worth $3,193,000. Louisiana State Employees Retirement System purchased a new stake in shares of Snyder's-Lance during the fourth quarter worth $796,000. Nationwide Fund Advisors increased its stake in shares of Snyder's-Lance by 124.9% in the fourth quarter. Nationwide Fund Advisors now owns 83,542 shares of the company’s stock worth $2,865,000 after buying an additional 46,399 shares during the period. Finally, Neuberger Berman Group LLC purchased a new stake in shares of Snyder's-Lance during the fourth quarter worth $1,095,000.

Snyder’s-Lance, Inc. is a national 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, nuts, restaurant style crackers and other salty snacks. It purchases certain cake products and sells under its brands. The Company’s brands include core brands, such as Snyder’s of Hanover, Lance, Cape Cod, Snack Factory, Pretzel Crisps and Late July and allied brands, such as Tom’s, Archway, Jays, Stella D’oro, EatSmart, Krunchers! and O-Ke-Doke. The Company’s Clearview Foods division combines Snack Factory, Pretzel Crisps, Late July, Organic Snacks and EatSmart brands. The Company also sells Partner brand products, which consist of other third-party branded products that the Company sells to its independent business owners (NASDAQ:LNCE) through its direct-store-delivery distribution network (DSD network).

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