Lancaster Colony Corp. (NASDAQ:LANC) SVP Timothy A. Tate sold 747 shares of the firm’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $176.01, for a total value of $131,479.47. Following the transaction, the senior vice president now owns 1,563 shares in the company, valued at $275,103.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of NASDAQ:LANC traded up $0.29 on Friday, reaching $178.20. The company had a trading volume of 104,562 shares, compared to its average volume of 123,763. Lancaster Colony Corp. has a 52-week low of $115.81 and a 52-week high of $178.99. The company has a market capitalization of $4.88 billion, a PE ratio of 37.44 and a beta of 0.54.
Lancaster Colony (NASDAQ:LANC) last announced its quarterly earnings results on Thursday, October 25th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.15. Lancaster Colony had a return on equity of 20.23% and a net margin of 11.68%. The business had revenue of $316.65 million for the quarter.
A number of research analysts have recently issued reports on LANC shares. BidaskClub upgraded Lancaster Colony from a “hold” rating to a “buy” rating in a report on Friday. ValuEngine upgraded Lancaster Colony from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Finally, CL King downgraded Lancaster Colony from a “buy” rating to a “neutral” rating in a report on Friday, August 10th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Lancaster Colony has an average rating of “Hold” and a consensus price target of $150.00.
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About Lancaster Colony
Lancaster Colony Corporation manufactures and markets specialty food products for the retail and foodservice markets in the United States. The company operates through two segments, Retail and Foodservice. It offers frozen garlic breads under the New York BRAND Bakery brand; frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's brand name; salad dressings under the Marzetti, Simply Dressed, Simply 60, Cardini's, and Girard's brands; and vegetable dips and fruit dips under the Marzetti brand.
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