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NEW YORK (

TheStreet

)

-- Snyders-Lance

(Nasdaq:

LNCE

) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.

Snyder's-Lance, Inc. engages in the manufacture, marketing, and distribution of various snack food products. The company has a P/E ratio of 21, above the average food & beverage industry P/E ratio of 18 and below the S&P 500 P/E ratio of 23.2. Snyders-Lance has a market cap of $594.6 million and is part of the

consumer goods

TheStreet Recommends

sector and

food & beverage

industry. Shares are down 10.8% year to date as of the close of trading on Friday.

You can view the full

Snyders-Lance Ratings Report

or get investment ideas from our

investment research center

.

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