Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

In order to strengthen its distribution network, Snyder's-Lance, Inc. (LNCE - Snapshot Report) recently acquired substantially all assets of Mass.-based snack food distributor, Stateline Service Corporation, for an undisclosed amount. Terms of the transaction were not disclosed.

Stateline distributes Snyder's-Lance’s branded products as well as several additional partner-brand product lines. Both the distribution networks will be merged, thus expanding Snyder's-Lance’s direct store delivery distribution network and allowing it to better serve its key retailers.

Snyder's-Lance manufactures markets and distributes a variety of branded and private-label snack foods and bakery products including sandwich crackers, pretzel crackers, potato chips, cookies, tortilla chips, restaurant-style crackers, nuts and other snacks.

The company currently owns four core brands namely, Snyder's of Hanover pretzels, Lance sandwich crackers, Cape Cod potato chips and Pretzel Crisps cracker. Pretzel Crisps was acquired in October last year as part of Snyder's-Lance’s acquisition of the Princeton, N.J.-based company, Snack Factory, from VMG Partners for $340 million. Pretzel Crisps is the world’s first pretzel-shaped low-calorie cracker.

Earlier this month, Snyder's-Lance reported dismal second-quarter 2013 results missing the Zacks Consensus Estimate for both revenues and earnings. However, both earnings and revenues grew 9.1% and 9.9%, respectively.

Snyder's-Lance carries a Zacks Rank #4 (Sell). Other food companies which are currently doing well include Pinnacle Foods Inc. (PF - Snapshot Report), Kraft Foods Group, Inc. (KRFT - Analyst Report) and Dole Food Company Inc. . All the three companies carry a Zacks Rank #2 (Buy).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
LAKE SHORE G LSG 0.77 +6.05%
QUESTCOR PHA QCOR 80.07 +2.47%
VIPSHOP HOLD VIPS 156.35 +1.82%
ENLINK MIDST ENLC 36.29 +1.60%
BNC BANCORP BNCN 17.33 +1.58%