Landec (NASDAQ:LNDC) had its price target reduced by equities researchers at Lake Street Capital from $13.00 to $12.00 in a report released on Thursday, The Fly reports. The brokerage currently has a “buy” rating on the basic materials company’s stock. Lake Street Capital’s price target would suggest a potential upside of 9.59% from the company’s current price.

Separately, Zacks Investment Research raised Landec from a “sell” rating to a “hold” rating in a research report on Tuesday, March 16th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $13.50.

LNDC opened at $10.95 on Thursday. The stock has a 50-day moving average price of $11.26 and a 200-day moving average price of $10.69. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.48. The firm has a market cap of $321.09 million, a PE ratio of -6.29, a P/E/G ratio of 33.84 and a beta of 1.04. Landec has a 1 year low of $7.48 and a 1 year high of $12.24.

Landec (NASDAQ:LNDC) last posted its quarterly earnings results on Tuesday, April 6th. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.11). Landec had a negative return on equity of 0.04% and a negative net margin of 8.85%. As a group, sell-side analysts anticipate that Landec will post 0.03 EPS for the current year.

In other Landec news, Director Nelson Obus purchased 6,400 shares of Landec stock in a transaction dated Monday, January 11th. The stock was purchased at an average price of $10.81 per share, with a total value of $69,184.00. Following the transaction, the director now directly owns 36,115 shares of the company’s stock, valued at $390,403.15. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Albert D. Bolles purchased 10,000 shares of Landec stock in a transaction dated Tuesday, January 19th. The shares were acquired at an average cost of $10.98 per share, with a total value of $109,800.00. Following the transaction, the chief executive officer now directly owns 36,152 shares in the company, valued at $396,948.96. The disclosure for this purchase can be found here. Insiders have bought a total of 20,400 shares of company stock valued at $224,844 in the last ninety days. Insiders own 11.89% of the company’s stock.

Large investors have recently made changes to their positions in the stock. AQR Capital Management LLC bought a new position in shares of Landec during the 3rd quarter valued at approximately $201,000. Kennedy Capital Management Inc. grew its stake in shares of Landec by 134.8% during the 4th quarter. Kennedy Capital Management Inc. now owns 1,071,367 shares of the basic materials company’s stock valued at $11,624,000 after acquiring an additional 615,069 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of Landec by 100.3% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 24,576 shares of the basic materials company’s stock valued at $267,000 after acquiring an additional 12,305 shares during the period. Engineers Gate Manager LP boosted its stake in Landec by 4.5% in the 4th quarter. Engineers Gate Manager LP now owns 32,412 shares of the basic materials company’s stock worth $352,000 after purchasing an additional 1,397 shares during the period. Finally, Poplar Forest Capital LLC boosted its stake in Landec by 22.0% in the 4th quarter. Poplar Forest Capital LLC now owns 31,359 shares of the basic materials company’s stock worth $340,000 after purchasing an additional 5,661 shares during the period. Institutional investors own 88.87% of the company’s stock.

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 Curation Foods and Lifecore segments. The Curation Foods segment engages in processing, marketing, and selling of vegetable-based salads, and fresh-cut and whole vegetable products primarily under the Eat Smart brand, O branded olive oils and wine vinegars, and Yucatan and Cabo Fresh guacamole and avocado food products, as well as various private labels.

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