Lancaster Colony Corp. (LANC) was Downgraded by BB&T Capital Mkts to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. BB&T Capital Mkts advised their investors in a research report released on May 9, 2016.
Many Wall Street Analysts have commented on Lancaster Colony Corp.. Company shares were Reiterated by Wedbush on Apr 29, 2016 to “Neutral”, Firm has raised the Price Target to $ 106 from a previous price target of $104 .DA Davidson Initiated Lancaster Colony Corp. on Apr 27, 2016 to “Neutral”, Price Target of the shares are set at $115.
On the company’s financial health, Lancaster Colony Corp. reported $1.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.24 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.82. The company had revenue of $287.80 million for the quarter, compared to analysts expectations of $279.17 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.
Lancaster Colony Corp. opened for trading at $121.24 and hit $123.53 on the upside on Friday, eventually ending the session at $122.9, with a gain of 1.21% or 1.47 points. The heightened volatility saw the trading volume jump to 1,64,956 shares. Company has a market cap of $3,369 M.
In a different news, on Sep 4, 2015, Robert Paul Ostryniec (director) purchased 500 shares at $96.60 per share price.
Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice markets. The Company is focused on its specialty foods segment. It manufactures and sells a range of food products including salad dressings and sauces; fruit glazes vegetable dips and fruit dips; Greek yogurt vegetable dips and hummus; frozen garlic breads; frozen Parkerhouse style yeast dinner rolls and sweet rolls as well as biscuits; dry egg noodles; croutons and related products; snack sticks and flatbread wraps and pizza crusts. The Company offers its products under Marzetti Cardini’s Simply Dressed Katherine’s Kitchen Girard’s Otria New York BRAND Mamma Bella and Mamma Bella’s Sister Schubert’s Marshall’s and Mary B’s Sister Schubert’s Marshall’s Mary B’s Reames Aunt Vi’s Texas Toast Chatham Village Flatout and Romanoff names.