Landec (NASDAQ:LNDC) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Wednesday, March 14th.
Several other equities analysts also recently weighed in on LNDC. Maxim Group restated a “buy” rating and set a $18.00 price target on shares of Landec in a report on Wednesday, November 29th. Zacks Investment Research upgraded Landec from a “sell” rating to a “hold” rating in a report on Thursday, March 8th. Finally, Sidoti started coverage on Landec in a report on Wednesday, December 13th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Landec has a consensus rating of “Hold” and an average target price of $15.33.
Shares of Landec stock traded down $0.60 on Wednesday, hitting $13.50. The stock had a trading volume of 84,164 shares, compared to its average volume of 69,893. Landec has a one year low of $11.42 and a one year high of $14.95. The stock has a market capitalization of $372.11, a price-to-earnings ratio of 35.53 and a beta of 0.82. 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 (NASDAQ:LNDC) last announced its quarterly earnings results on Tuesday, April 3rd. The basic materials company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. The company had revenue of $149.32 million during the quarter, compared to analyst estimates of $146.09 million. Landec had a return on equity of 3.24% and a net margin of 3.95%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 earnings per share. equities research analysts forecast that Landec will post 0.4 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in LNDC. Walthausen & Co. LLC grew its stake 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 period. Rice Hall James & Associates LLC purchased a new position in shares of Landec during the 4th quarter valued at about $2,025,000. Kennedy Capital Management Inc. purchased a new position in shares of Landec during the 4th quarter valued at about $1,410,000. Bank of New York Mellon Corp lifted 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 buying an additional 111,296 shares in the last quarter. Finally, Chartwell Investment Partners LLC lifted its position in shares of Landec by 39.6% during the 4th quarter. Chartwell Investment Partners LLC now owns 260,113 shares of the basic materials company’s stock valued at $3,277,000 after buying an additional 73,823 shares in the last quarter. Institutional investors and hedge funds own 93.95% of the company’s stock.
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Landec Company Profile
Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells differentiated health and wellness products for food and biomaterials markets. It 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 fruits and vegetables utilizing the BreatheWay specialty packaging technology for the retail grocery, club store, and food service industries under the Eat Smart and GreenLine brands, as well as private label brands; and sells BreatheWay packaging technology to partners for fruit and vegetable products.
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