LANC Stock Summary and Trading Ideas (Lancaster Colony | NASDAQ:LANC)

Lancaster Colony Corp is a manufacturer and marketer of speciality food products. The company's segments include Retail and Foodservice. By product segment, the company divides its portfolio into non frozen (roughly 70% of net sales) and frozen food. The key products and brands are salad dressing and sauces (Cardini's, Girard's, Marzetti), frozen garlic breads (New York Brand Bakery, Mamma Bella), vegetable dips and fruit dips (Marzetti), frozen parkerhouse-style yeast rolls and dinner rolls (Sister Schubert's, Mary B's), premium dry egg noodles (Amish Kitchen), frozen speciality noodles (Reames, Aunt Vi's), croutons and salad toppings, flatbread wraps, and pizza crusts.

Lancaster Colony trades on the NASDAQ stock market under the symbol LANC.

As of April 17, 2024, LANC stock price declined to $185.40 with 119,493 million shares trading.

LANC has a beta of 0.43, meaning it tends to be less sensitive to market movements. LANC has a correlation of 0.03 to the broad based SPY ETF.

LANC has a market cap of $5.10 billion. This is considered a Mid Cap stock.

Last quarter Lancaster Colony reported $486 million in Revenue and $1.93 earnings per share. This fell short of revenue expectation by $-6 million and exceeded earnings estimates by $.31.

In the last 3 years, LANC stock traded as high as $220.65 and as low as $116.85.

The top ETF exchange traded funds that LANC belongs to (by Net Assets): VTI, IJH, VB, IWM, VXF.

LANC has underperformed the market in the last year with a price return of -4.6% while the SPY ETF gained +23.0%. However, in the short term, LANC had mixed performance relative to the market. It has outperformed in the last 3 months, returning +8.8% vs +5.7% return in SPY. But in the last 2 weeks, LANC shares have been beat by the market, returning -10.3% compared to an SPY return of -3.5%.

LANC support price is $187.23 and resistance is $192.81 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LANC stock will trade within this expected range on the day.