Landec Co. (NASDAQ:LNDC) has been given an average rating of “Hold” by the seven research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $15.50.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised Landec from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Sidoti assumed coverage on Landec in a research report on Wednesday, December 13th. They set a “buy” rating for the company. BidaskClub lowered Landec from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 5th. Finally, Maxim Group reaffirmed a “buy” rating and set a $18.00 target price on shares of Landec in a research report on Wednesday, November 29th.
Several institutional investors have recently made changes to their positions in LNDC. Walthausen & Co. LLC increased its position in shares of Landec by 327.0% during the 3rd quarter. Walthausen & Co. LLC now owns 832,715 shares of the basic materials company’s stock valued at $10,784,000 after purchasing an additional 637,711 shares during the last quarter. Rice Hall James & Associates LLC purchased a new stake in shares of Landec during the 4th quarter valued at $2,025,000. Bank of New York Mellon Corp increased its position in shares of Landec by 53.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 320,875 shares of the basic materials company’s stock valued at $4,156,000 after purchasing an additional 111,296 shares during the last quarter. NWQ Investment Management Company LLC increased its holdings in Landec by 1.4% in the 3rd quarter. NWQ Investment Management Company LLC now owns 3,779,223 shares of the basic materials company’s stock worth $48,941,000 after acquiring an additional 53,050 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Landec by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,293,566 shares of the basic materials company’s stock worth $19,209,000 after acquiring an additional 38,572 shares during the last quarter. 93.71% of the stock is owned by hedge funds and other institutional investors.
Landec (NASDAQ LNDC) opened at $13.25 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.93 and a current ratio of 1.37. Landec has a 52 week low of $11.20 and a 52 week high of $14.95. The firm has a market capitalization of $356.56, a price-to-earnings ratio of 41.41 and a beta of 1.22.
Landec (NASDAQ:LNDC) last announced its earnings results on Wednesday, January 3rd. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. Landec had a return on equity of 3.75% and a net margin of 1.64%. The firm had revenue of $136.50 million during the quarter, compared to analyst estimates of $135.82 million. During the same period last year, the firm posted $0.05 EPS. The business’s revenue was up .4% compared to the same quarter last year. equities research analysts anticipate that Landec will post 0.52 earnings per share for the current year.
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Landec Company Profile
Landec Corporation designs, develops, manufactures and sells a range of health and wellness products for food and biomaterials markets. The Company licenses technology applications to partners. The Company operates through three segments: Packaged Fresh Vegetables, Food Export and Biomaterials. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruit and vegetables, the majority of which incorporate the BreatheWay specialty packaging for the retail grocery, club store and food services industry.
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