Landec (NASDAQ:LNDC) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Landec from a “sell” rating to a “hold” rating in a report on Thursday, March 8th. Sidoti assumed coverage on shares of Landec in a report on Wednesday, December 13th. They issued a “buy” rating for the company. Finally, Maxim Group restated a “buy” rating and issued a $18.00 price objective on shares of Landec in a report on Wednesday, November 29th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Landec has a consensus rating of “Buy” and an average price target of $15.33.
Shares of Landec (LNDC) traded down $0.55 on Wednesday, hitting $13.90. 38,801 shares of the stock were exchanged, compared to its average volume of 60,556. The company has a market cap of $396.49, a price-to-earnings ratio of 44.69 and a beta of 1.01. The company has a current ratio of 1.37, a quick ratio of 0.93 and a debt-to-equity ratio of 0.19. Landec has a 1 year low of $11.20 and a 1 year high of $14.95.
Several institutional investors and hedge funds have recently made changes to their positions in LNDC. Dynamic Technology Lab Private Ltd bought a new stake in Landec during the 3rd quarter valued at $141,000. MetLife Investment Advisors LLC bought a new stake in Landec during the 4th quarter valued at $177,000. Citadel Advisors LLC bought a new stake in Landec during the 3rd quarter valued at $188,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Landec during the 3rd quarter valued at $241,000. Finally, First Trust Advisors LP bought a new stake in Landec during the 3rd quarter valued at $281,000. Hedge funds and other institutional investors own 93.74% of the company’s stock.
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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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