BMO Capital Upgrades Snyder's-Lance Inc to Outperform

Brokerage firm BMO Capital Upgrades its rating on Snyder's-Lance Inc(NASDAQ:LNCE). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by BMO Capital was issued on Jun 9, 2016.

In a different note, KeyBanc said it Initiates Coverage on Snyder's-Lance Inc, according to a research note issued on May 26, 2016. The shares have been rated ‘Sector Weight’ by the firm. DA Davidson said it Initiates Coverage on Snyder's-Lance Inc, according to a research note issued on Apr 27, 2016. The shares have been rated ‘Buy’ by the firm.

Snyder's-Lance Inc (LNCE) shares turned negative on Wednesdays trading session with the shares closing down -0.13 points or -0.41% at a volume of 4,75,223. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $32.145. The peak price level was also seen at $32.145 while the days lowest was $31.68. Finally the shares closed at $31.77. The 52-week high of the shares is $39.1 while the 52-week low is $27.93. According to the latest information available, the market cap of the company is $3,045 M.

Snyder's-Lance Inc(LNCE) last announced its earnings results on May 10, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $462.76M. Analysts had an estimated revenue of $469.05M. Earnings per share were $0.25. Analysts had estimated an EPS of $0.23.

Several Insider Transactions has been reported to the SEC. On Jun 1, 2016, Dan C Swander (director) sold 7,500 shares at $31.03 per share price.Also, On May 19, 2016, Patricia A Warehime (director 10% owner) purchased 17,240 shares at $29.31 per share price.On Mar 17, 2016, Brian J Driscoll (director) sold 31,850 shares at $31.54 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).

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *