In a report released today, Todd Brooks from Benchmark Co. maintained a Hold rating on Lancaster Colony (LANC – Research Report). The company’s shares closed yesterday at $167.66.
Brooks covers the Consumer Cyclical sector, focusing on stocks such as Domino’s Pizza, Red Robin Gourmet, and Potbelly. According to TipRanks, Brooks has an average return of 5.3% and a 47.78% success rate on recommended stocks.
Lancaster Colony has an analyst consensus of Moderate Buy, with a price target consensus of $193.33.
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Based on Lancaster Colony’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $461.57 million and a net profit of $43.95 million. In comparison, last year the company earned a revenue of $425.54 million and had a net profit of $37.59 million
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Lancaster Colony (LANC) Company Description:
Lancaster Colony Corp. engages in the manufacture and marketing of specialty food products. It operates through Retail and Foodservices segments. The Retail and Foodservices segments focuses in the manufacture and selling of frozen breads; refrigerated dressings and dips; and shelf-stable dressings and croutons under the brand name New York BRAND Bakery, Sister Schubert’s, Marzetti Frozen Pasta, and Flatout. The company was founded in 1961 and is headquartered in Westerville, OH.
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