Landec (NASDAQ:LNDC) Raised to Hold at BidaskClub

BidaskClub upgraded shares of Landec (NASDAQ:LNDC) from a sell rating to a hold rating in a report issued on Tuesday morning, BidAskClub reports.

A number of other analysts have also recently commented on the stock. Maxim Group reiterated a buy rating and issued a $17.00 price target on shares of Landec in a research note on Wednesday, July 3rd. Zacks Investment Research cut shares of EXACT Sciences from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Lake Street Capital cut their target price on shares of Landec from $16.00 to $12.00 and set a buy rating for the company in a research note on Thursday, May 23rd. Finally, Roth Capital raised their target price on shares of Dmc Global from $50.00 to $70.00 and gave the stock a buy rating in a research note on Monday, April 8th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $13.67.

Shares of LNDC stock opened at $10.42 on Tuesday. The firm has a market capitalization of $306.42 million, a PE ratio of 25.41 and a beta of 0.75. The company has a current ratio of 0.96, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average price of $9.70. Landec has a one year low of $9.02 and a one year high of $15.57.

Several hedge funds and other institutional investors have recently bought and sold shares of LNDC. Legal & General Group Plc raised its stake in Landec by 36.1% in the 4th quarter. Legal & General Group Plc now owns 5,283 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 1,401 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Landec by 389.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,043 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 4,013 shares in the last quarter. Citigroup Inc. raised its stake in Landec by 16.7% in the 4th quarter. Citigroup Inc. now owns 8,726 shares of the basic materials company’s stock worth $103,000 after purchasing an additional 1,246 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in Landec by 420.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,543 shares of the basic materials company’s stock worth $113,000 after purchasing an additional 7,709 shares in the last quarter. Finally, Virginia Retirement Systems ET AL acquired a new stake in Landec in the 1st quarter worth about $239,000. Institutional investors own 90.17% 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 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.

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