Landec (LNDC) Upgraded at BidaskClub
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.
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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