BidaskClub upgraded shares of Landec (NASDAQ:LNDC) from a strong sell rating to a sell rating in a research report released on Saturday morning.

Several other equities analysts have also recently commented on LNDC. Zacks Investment Research cut shares of Landec from a strong-buy rating to a hold rating in a research note on Wednesday, October 25th. Maxim Group reissued a buy rating and set a $18.00 target price on shares of Landec in a research note on Wednesday, November 29th. Finally, Sidoti initiated coverage on shares of Landec in a research note on Wednesday, December 13th. They set a buy rating on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $15.33.

Landec (LNDC) opened at $13.15 on Friday. The company has a market cap of $368.95, a PE ratio of 41.10 and a beta of 1.04. 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.

Landec (NASDAQ:LNDC) last released its earnings results on Wednesday, January 3rd. The basic materials company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The firm had revenue of $136.50 million for the quarter, compared to analysts’ expectations of $135.82 million. Landec had a net margin of 1.64% and a return on equity of 3.75%. Landec’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the company earned $0.05 EPS. equities research analysts forecast that Landec will post 0.5 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. increased its stake in Landec by 489.6% during the 2nd quarter. Citigroup Inc. now owns 9,840 shares of the basic materials company’s stock valued at $146,000 after buying an additional 8,171 shares during the period. Wells Fargo & Company MN grew its stake in shares of Landec by 14.8% in the 3rd quarter. Wells Fargo & Company MN now owns 239,551 shares of the basic materials company’s stock worth $3,102,000 after purchasing an additional 30,906 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of Landec in the 3rd quarter worth approximately $281,000. Dimensional Fund Advisors LP grew its stake in shares of Landec by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,310,744 shares of the basic materials company’s stock worth $29,924,000 after purchasing an additional 13,077 shares during the last quarter. Finally, Foundry Partners LLC grew its stake in shares of Landec by 5.9% in the 3rd quarter. Foundry Partners LLC now owns 437,390 shares of the basic materials company’s stock worth $5,664,000 after purchasing an additional 24,400 shares during the last quarter. 94.23% of the stock is currently owned by hedge funds and other institutional investors.

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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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