Headlines about Snyder's-Lance (NASDAQ:LNCE) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Snyder's-Lance earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.2793880537835 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Snyder's-Lance stock opened at $49.98 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.61 and a debt-to-equity ratio of 0.51. The firm has a market cap of $4,918.31, a price-to-earnings ratio of 33.32, a PEG ratio of 3.18 and a beta of 0.62. Snyder's-Lance has a 12 month low of $31.03 and a 12 month high of $50.67.
Snyder's-Lance (NASDAQ:LNCE) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). The firm had revenue of $551.56 million for the quarter, compared to analysts’ expectations of $562.45 million. Snyder's-Lance had a net margin of 6.68% and a return on equity of 5.53%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 EPS. sell-side analysts anticipate that Snyder's-Lance will post 1.31 EPS for the current year.
Several equities analysts recently weighed in on LNCE shares. BidaskClub upgraded shares of Snyder's-Lance from a “hold” rating to a “buy” rating in a research report on Tuesday. Bank of America dropped their price objective on shares of Snyder's-Lance from $50.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday. Deutsche Bank set a $50.00 price objective on shares of Snyder's-Lance and gave the company a “buy” rating in a report on Friday, December 15th. SunTrust Banks increased their price target on shares of Snyder's-Lance to $50.00 and gave the stock a “hold” rating in a report on Tuesday, December 19th. Finally, BMO Capital Markets downgraded shares of Snyder's-Lance from an “outperform” rating to a “market perform” rating and set a $43.00 target price on the stock. in a research note on Monday, December 18th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $46.86.
In related news, Director James W. Johnston sold 10,396 shares of Snyder's-Lance stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $49.99, for a total value of $519,696.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James W. Johnston sold 75,836 shares of the business’s stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $49.99, for a total value of $3,791,041.64. The disclosure for this sale can be found here. 13.70% of the stock is owned by insiders.
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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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