Snyder's-Lance Inc (NASDAQ:LNCE) was the target of unusually large options trading on Monday. Investors bought 2,963 call options on the stock. This is an increase of approximately 1,035% compared to the typical daily volume of 261 call options.

Snyder's-Lance (LNCE) opened at $39.41 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.99 and a current ratio of 1.63. Snyder's-Lance has a 12-month low of $31.03 and a 12-month high of $40.85. The stock has a market capitalization of $3,797.82, a P/E ratio of 35.11 and a beta of 0.71.

Snyder's-Lance (NASDAQ:LNCE) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.02). Snyder's-Lance had a negative return on equity of 12.61% and a negative net margin of 10.23%. The company had revenue of $564.20 million for the quarter, compared to analyst estimates of $559.86 million. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. analysts predict that Snyder's-Lance will post 1.15 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Monday, November 20th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.64 annualized dividend and a dividend yield of 1.62%. Snyder's-Lance’s dividend payout ratio is currently -123.08%.

Several institutional investors have recently modified their holdings of LNCE. FNY Partners Fund LP acquired a new position in Snyder's-Lance in the 2nd quarter valued at $103,000. PNC Financial Services Group Inc. raised its holdings in Snyder's-Lance by 17.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,060 shares of the company’s stock valued at $107,000 after acquiring an additional 465 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in Snyder's-Lance by 5.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,272 shares of the company’s stock valued at $148,000 after acquiring an additional 214 shares during the last quarter. US Bancorp DE raised its holdings in Snyder's-Lance by 12.7% in the 2nd quarter. US Bancorp DE now owns 4,553 shares of the company’s stock valued at $158,000 after acquiring an additional 513 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Snyder's-Lance by 235.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,246 shares of the company’s stock valued at $162,000 after acquiring an additional 2,981 shares during the last quarter. Hedge funds and other institutional investors own 64.51% of the company’s stock.

LNCE has been the topic of several research analyst reports. UBS decreased their price target on Snyder's-Lance from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 8th. TheStreet downgraded Snyder's-Lance from a “b” rating to a “c+” rating in a research report on Tuesday, November 7th. Zacks Investment Research upgraded Snyder's-Lance from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Wednesday, October 18th. Finally, SunTrust Banks restated a “hold” rating and set a $35.00 price objective on shares of Snyder's-Lance in a research report on Friday, November 10th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $41.17.

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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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