The stock of Lancaster Colony Corp. (NASDAQ:LANC) hit a new 52-week high and has $148.65 target or 6.00% above today’s $140.24 share price. The 9 months bullish chart indicates low risk for the $3.88 billion company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $148.65 price target is reached, the company will be worth $232.80M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 25,289 shares traded hands. Lancaster Colony Corp. (NASDAQ:LANC) has risen 27.91% since April 25, 2016 and is uptrending. It has outperformed by 21.89% the S&P500.
Analysts await Lancaster Colony Corp. (NASDAQ:LANC) to report earnings on January, 26. They expect $1.36 EPS, up 8.80% or $0.11 from last year’s $1.25 per share. LANC’s profit will be $37.63 million for 25.78 P/E if the $1.36 EPS becomes a reality. After $1.22 actual EPS reported by Lancaster Colony Corp. for the previous quarter, Wall Street now forecasts 11.48% EPS growth.
Lancaster Colony Corp. (NASDAQ:LANC) Ratings Coverage
Out of 3 analysts covering Lancaster Colony Corporation (NASDAQ:LANC), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Lancaster Colony Corporation has been the topic of 8 analyst reports since August 21, 2015 according to StockzIntelligence Inc. Longbow initiated Lancaster Colony Corp. (NASDAQ:LANC) on Friday, November 4 with “Neutral” rating. The firm has “Hold” rating by BB&T Capital given on Monday, May 9. The stock of Lancaster Colony Corp. (NASDAQ:LANC) has “Neutral” rating given on Friday, January 29 by Wedbush. The company was maintained on Friday, April 29 by Wedbush. BB&T Capital initiated the shares of LANC in a report on Tuesday, September 1 with “Buy” rating. The rating was upgraded by Zacks to “Hold” on Monday, August 24.
According to Zacks Investment Research, “Lancaster Colony Corp. manufactures and markets three families of products: Glassware and Candles; Specialty Foods; and Automotive. Consumer glassware includes a diverse line of decorative and ornamental products such as tumblers, bowls, pitchers, jars and barware. The food products manufactured and sold include salad dressings and sauces; fruit glazes, veggie dips and fruit dips; frozen unbaked pies. It also manufactures and sells a complete line of rubber, vinyl and carpeted car mats both in the aftermarket and to original equipment manufacturers.”
Insitutional Activity: The institutional sentiment decreased to 1.01 in 2016 Q2. Its down 0.21, from 1.22 in 2016Q1. The ratio fall, as 18 funds sold all Lancaster Colony Corp. shares owned while 64 reduced positions. 28 funds bought stakes while 72 increased positions. They now own 13.90 million shares or 4.34% less from 14.53 million shares in 2016Q1.
Fifth Third Bankshares last reported 0.03% of its portfolio in the stock. Moreover, Tower Cap Ltd Limited Liability Company (Trc) has 0.01% invested in Lancaster Colony Corp. (NASDAQ:LANC) for 956 shares. Voya Investment Mngmt Ltd Liability Corp accumulated 7,577 shares or 0% of the stock. Hanseatic Management Svcs last reported 8 shares in the company. Atlanta Company L L C holds 0.19% of its portfolio in Lancaster Colony Corp. (NASDAQ:LANC) for 225,085 shares. Old Point Tru Fincl Service N A holds 0.14% or 2,000 shares in its portfolio. Amp Capital Ltd reported 1,800 shares or 0% of all its holdings. Advisory Ser Networks Limited Company has 0.02% invested in the company for 550 shares. Ubs Asset Mngmt Americas has 43,949 shares for 0.01% of their US portfolio. Fisher Asset Mgmt Lc owns 403,956 shares or 0.1% of their US portfolio. The Manitoba – Canada-based Great West Life Assurance Can has invested 0% in Lancaster Colony Corp. (NASDAQ:LANC). Hl Services Ltd Liability accumulated 0.01% or 3,324 shares. Blackrock Fund last reported 0.03% of its portfolio in the stock. Sei Investments Communication, a Pennsylvania-based fund reported 3,137 shares. Signaturefd Limited Liability has 0% invested in the company for 57 shares.
More recent Lancaster Colony Corp. (NASDAQ:LANC) news were published by: Prnewswire.com which released: “Lancaster Colony Acquires Angelic Bakehouse, Inc.” on November 03, 2016. Also Marketwatch.com published the news titled: “/quotes/zigman/3870025/realtime” on October 25, 2010. Streetinsider.com‘s news article titled: “Form 8-K LANCASTER COLONY CORP For: Nov 21” with publication date: November 22, 2016 was also an interesting one.
LANC Company Profile
Lancaster Colony Corporation, incorporated on October 11, 1991, is a maker and marketer of specialty food products for the retail and foodservice channels. The Company’s food products include Salad dressings and sauces, Vegetable dips and fruit dips, Frozen garlic breads, Frozen Parkerhouse style yeast rolls and dinner rolls, Premium dry egg noodles, Frozen specialty noodles, Croutons and salad toppings, Flatbread wraps and pizza crusts, and Caviar. The Company’s brands include Marzetti, Marzetti Simply Dressed, Cardini’s, Girard’s, Katherine’s Kitchen, New York BRAND Bakery, Mamma Bella, Mamma Bella’s, Sister Schubert’s, Mary B’s, Inn Maid, Amish Kitchen, Reames, Aunt Vi’s, Flatout and Romanoff.
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