Landec Co. (NASDAQ:LNDC) has been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $15.50.

LNDC has been the topic of several recent analyst reports. Maxim Group restated a “buy” rating and set a $18.00 price objective on shares of Landec in a research note on Wednesday, November 29th. BidaskClub lowered shares of Landec from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 5th. Zacks Investment Research lowered shares of Landec from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. Finally, Sidoti initiated coverage on shares of Landec in a research note on Wednesday, December 13th. They set a “buy” rating on the stock.

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Shares of Landec (NASDAQ LNDC) traded down $0.08 during trading hours on Tuesday, reaching $12.92. 1,073 shares of the company’s stock traded hands, compared to its average volume of 59,166. The company has a quick ratio of 0.93, a current ratio of 1.37 and a debt-to-equity ratio of 0.19. Landec has a 52-week low of $11.20 and a 52-week high of $14.95. The company has a market cap of $358.96, a PE ratio of 40.63 and a beta of 1.01.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new position in Landec in the 3rd quarter valued at about $141,000. MetLife Investment Advisors LLC bought a new stake in Landec in the 4th quarter valued at about $177,000. Citadel Advisors LLC bought a new stake in Landec in the 3rd quarter valued at about $188,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Landec in the 3rd quarter valued at about $241,000. Finally, First Trust Advisors LP bought a new stake in Landec in the 3rd quarter valued at about $281,000. Institutional investors and hedge funds own 93.85% of the company’s stock.

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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 three segments: Packaged Fresh Vegetables, Food Export, 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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