LNDC has been the topic of several other research reports. Maxim Group reiterated a “buy” rating and issued a $17.00 price target on shares of Landec in a research note on Friday, November 1st. Zacks Investment Research upgraded Landec from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 13th. DA Davidson initiated coverage on Landec in a report on Friday, August 23rd. They set a “buy” rating on the stock. Finally, Barrington Research reaffirmed an “in-line” rating and issued a $11.00 target price (down from $13.00) on shares of Landec in a research report on Thursday, October 3rd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Landec currently has a consensus rating of “Buy” and an average target price of $13.00.
Shares of NASDAQ:LNDC opened at $11.11 on Friday. The company has a market capitalization of $323.88 million, a price-to-earnings ratio of 34.72, a price-to-earnings-growth ratio of 4.41 and a beta of 0.75. The company has a 50 day moving average of $10.52 and a two-hundred day moving average of $10.42. Landec has a 52-week low of $9.00 and a 52-week high of $14.68. The company has a quick ratio of 0.51, a current ratio of 0.89 and a debt-to-equity ratio of 0.43.
In other news, Director Nelson Obus acquired 7,000 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was purchased at an average cost of $10.40 per share, with a total value of $72,800.00. Following the completion of the acquisition, the director now directly owns 27,915 shares in the company, valued at $290,316. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Timothy P. Burgess acquired 5,100 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average cost of $10.04 per share, with a total value of $51,204.00. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 43,900 shares of company stock worth $444,496. Company insiders own 14.99% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of LNDC. John G Ullman & Associates Inc. lifted its stake in Landec by 0.8% during the third quarter. John G Ullman & Associates Inc. now owns 405,760 shares of the basic materials company’s stock worth $4,410,000 after purchasing an additional 3,035 shares during the last quarter. Rhumbline Advisers boosted its holdings in Landec by 8.2% in the third quarter. Rhumbline Advisers now owns 41,403 shares of the basic materials company’s stock worth $450,000 after purchasing an additional 3,146 shares during the period. First Trust Advisors LP increased its stake in Landec by 6.3% during the first quarter. First Trust Advisors LP now owns 53,174 shares of the basic materials company’s stock valued at $653,000 after purchasing an additional 3,150 shares during the last quarter. Swiss National Bank increased its stake in Landec by 7.5% during the second quarter. Swiss National Bank now owns 48,800 shares of the basic materials company’s stock valued at $457,000 after purchasing an additional 3,400 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Landec during the second quarter worth $44,000. Institutional investors own 90.94% of the company’s stock.
Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells differentiated health and wellness products for food and biomaterials markets. It operates through two segments, Packaged Fresh Vegetables and Biomaterials. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruits and vegetables utilizing the BreatheWay specialty packaging technology for the retail grocery, club store, and food service industries under the Eat Smart and GreenLine brands, as well as private label brands; and sells BreatheWay packaging technology to partners for fruit and vegetable products.
Further Reading: Sell-Side Analysts
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