Landec Corporation (NASDAQ:LNDC) has received an average rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $15.50.

LNDC has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of Landec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Maxim Group reissued a “buy” rating and set a $18.00 target price on shares of Landec in a research report on Tuesday, September 26th. Wedbush reissued a “hold” rating and set a $13.00 target price on shares of Landec in a research report on Thursday, September 28th. Finally, BidaskClub downgraded shares of Landec from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 5th.

Landec (NASDAQ LNDC) opened at $11.80 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.53 and a quick ratio of 1.04. Landec has a 12-month low of $11.20 and a 12-month high of $15.45. The stock has a market cap of $324.58, a P/E ratio of 33.71 and a beta of 1.23.

Landec (NASDAQ:LNDC) last released its earnings results on Tuesday, September 26th. The basic materials company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. The company had revenue of $123.40 million for the quarter, compared to the consensus estimate of $123.00 million. Landec had a net margin of 1.80% and a return on equity of 4.17%. Landec’s revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 EPS. research analysts forecast that Landec will post 0.54 earnings per share for the current year.

In other Landec news, CEO Molly Hemmeter sold 7,399 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $13.06, for a total transaction of $96,630.94. Following the sale, the chief executive officer now owns 53,017 shares of the company’s stock, valued at approximately $692,402.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.62% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in LNDC. Vanguard Group Inc. boosted its holdings in shares of Landec by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 1,254,994 shares of the basic materials company’s stock valued at $15,060,000 after acquiring an additional 49,191 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Landec by 4.8% in the 1st quarter. Geode Capital Management LLC now owns 212,842 shares of the basic materials company’s stock valued at $2,554,000 after acquiring an additional 9,813 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Landec by 5.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 106,220 shares of the basic materials company’s stock valued at $1,275,000 after acquiring an additional 5,301 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Landec by 9.8% in the 1st quarter. Bank of America Corp DE now owns 122,295 shares of the basic materials company’s stock valued at $1,467,000 after acquiring an additional 10,865 shares during the last quarter. Finally, Credit Suisse AG boosted its holdings in shares of Landec by 11.1% in the 1st quarter. Credit Suisse AG now owns 37,482 shares of the basic materials company’s stock valued at $449,000 after acquiring an additional 3,747 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.

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About Landec

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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