BMO Capital Reiterates a Buy Rating on Snyder’s-Lance

By Austin Angelo

In a report released today, Amit Sharma from BMO Capital reiterated a Buy rating on Snyder’s-Lance (NASDAQ: LNCE). The company’s shares closed yesterday at $35.76.

According to TipRanks.com, Sharma is a 4-star analyst with an average return of 4.9% and a 51.0% success rate. Sharma covers the Consumer Goods sector, focusing on stocks such as Monster Beverage Corp, TreeHouse Foods, and WhiteWave Foods.

Snyder’s-Lance has an analyst consensus of Moderate Buy, with a price target consensus of $42.

Based on Snyder’s-Lance’s latest earnings report from June 30, the company posted quarterly revenue of $609.5M and quarterly net profit of $19.68M. In comparison, last year the company earned revenue of $416.8M and had a net profit of $15.68M.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is neutral on the stock. Most recently, in June 2016, Dan Swander, a Director at LNCE sold 7,500 shares for a total of $232,725.

Snyder’s-Lance, Inc. engages in the manufacture, marketing, and sale of snack food products. It offers pretzels, crackers, kettle cooked chips, pretzel crackers, cookies, potato chips, tortilla chips, and nuts. It distributes its products under the following brands: Snyder’s of Hanover, Lance, Kettle, Cape Cod, Snack Factory Pretzel Crisps, Late July, Tom’s, Archway, Jays, Stella, EatSmart, Pop Secret, Krunchers, and O-Ke-Doke. The company was founded on December 6, 2010 and is headquartered in Charlotte, NC.