Snyder's-Lance Inc (LNCE) is Initiated by DA Davidson to Buy, Price Target at $38

Snyder's-Lance Inc (LNCE) was Initiated by DA Davidson to “Buy” and the brokerage firm has set the Price Target at $38. DA Davidson advised their investors in a research report released on Apr 27, 2016.

Many Wall Street Analysts have commented on Snyder's-Lance Inc. Deutsche Bank Resumed Snyder's-Lance Inc on Mar 3, 2016 to “Hold”, Price Target of the shares are set at $32.

On the company’s financial health, Snyder's-Lance Inc reported $0.26 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Oct 28, 2015. Analyst had a consensus of $0.33. The company had revenue of $416.80 million for the quarter, compared to analysts expectations of $436.49 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Snyder's-Lance Inc opened for trading at $30.68 and hit $31.47 on the upside on Friday, eventually ending the session at $31.45, with a gain of 2.74% or 0.84 points. The heightened volatility saw the trading volume jump to 4,49,208 shares. Company has a market cap of $2,232 M.

In a different news, on Mar 17, 2016, Brian J Driscoll (director) sold 31,850 shares at $31.54 per share price. According to the SEC, on May 15, 2015, Margaret E Wicklund (VP, Controller, PAO, Asst Sec) sold 3,500 shares at $29.75 per share price. On Feb 26, 2015, Jeffrey A Atkins (director) sold 5,800 shares at $30.50 per share price, according to the Form-4 filing with the securities and exchange commission.

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 (IBO) through its direct-store-delivery distribution network (DSD network).

Snyder's-Lance Inc

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