Marzetti (NASDAQ:MZTI) Price Target Cut to $180.00 by Analysts at Stephens

Marzetti (NASDAQ:MZTIGet Free Report) had its target price reduced by equities research analysts at Stephens from $190.00 to $180.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Stephens’ target price would indicate a potential upside of 12.12% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of Marzetti in a report on Friday, January 9th. DA Davidson increased their target price on Marzetti from $179.00 to $184.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. Finally, Wall Street Zen cut Marzetti from a “buy” rating to a “hold” rating in a report on Saturday. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Marzetti presently has a consensus rating of “Hold” and a consensus price target of $188.00.

Get Our Latest Stock Analysis on Marzetti

Marzetti Trading Down 7.7%

MZTI stock opened at $160.54 on Wednesday. The firm has a 50-day moving average price of $166.60 and a 200-day moving average price of $171.18. Marzetti has a 12 month low of $152.95 and a 12 month high of $198.39. The stock has a market capitalization of $4.42 billion, a P/E ratio of 26.06 and a beta of 0.39.

Marzetti (NASDAQ:MZTIGet Free Report) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $2.15 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.08). The company had revenue of $509.77 million during the quarter. Marzetti had a net margin of 8.77% and a return on equity of 18.86%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, equities analysts predict that Marzetti will post 6.8 EPS for the current fiscal year.

Institutional Investors Weigh In On Marzetti

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Retirement Systems of Alabama increased its stake in Marzetti by 0.4% during the 2nd quarter. Retirement Systems of Alabama now owns 23,587 shares of the company’s stock valued at $4,075,000 after purchasing an additional 97 shares in the last quarter. US Bancorp DE increased its position in shares of Marzetti by 2.2% during the second quarter. US Bancorp DE now owns 5,589 shares of the company’s stock worth $966,000 after acquiring an additional 120 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Marzetti during the fourth quarter worth about $33,000. Lodestone Wealth Management LLC acquired a new stake in shares of Marzetti in the 4th quarter worth about $37,000. Finally, Farther Finance Advisors LLC bought a new position in Marzetti in the 4th quarter valued at about $52,000. 66.44% of the stock is owned by institutional investors.

Key Stories Impacting Marzetti

Here are the key news stories impacting Marzetti this week:

Marzetti Company Profile

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Lancaster Colony Corporation engages in the manufacturing and marketing of specialty food products for the retail and foodservice channels in the United States. It operates in two segments, Retail and Foodservice. The company offers frozen garlic bread under the New York BRAND Bakery; frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's brand; salad dressings under the Marzetti, Simply Dressed, Cardini's, and Girard's brands; vegetable and fruit dips under the Marzetti brand; croutons and salad toppings under the New York BRAND Bakery, Chatham Village, and Marzetti brands; and frozen pasta under the Marzetti Frozen Pasta brand.

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