Stock analysts at Roth Capital assumed coverage on shares of Landec (NASDAQ:LNDC) in a research note issued to investors on Tuesday. The brokerage set a “buy” rating and a $18.00 price target on the basic materials company’s stock. Roth Capital’s target price would indicate a potential upside of 28.57% from the company’s current price.

Several other equities analysts have also recently commented on LNDC. BidaskClub raised shares of Landec from a “hold” rating to a “buy” rating in a research note on Wednesday, June 27th. ValuEngine raised shares of Landec from a “hold” rating to a “buy” rating in a research note on Thursday, July 5th. TheStreet cut shares of Landec from a “b-” rating to a “c+” rating in a research note on Friday, September 7th. Finally, Maxim Group reissued a “buy” rating and issued a $18.00 price target on shares of Landec in a research note on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $16.00.

NASDAQ:LNDC remained flat at $$14.00 during mid-day trading on Tuesday. 88 shares of the company traded hands, compared to its average volume of 63,291. The stock has a market capitalization of $373.23 million, a PE ratio of 34.15 and a beta of 0.55. Landec has a 12 month low of $11.42 and a 12 month high of $15.60. The company has a current ratio of 1.10, a quick ratio of 0.74 and a debt-to-equity ratio of 0.16.

Landec (NASDAQ:LNDC) last issued its quarterly earnings data on Tuesday, July 31st. The basic materials company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. The company had revenue of $141.10 million during the quarter, compared to analysts’ expectations of $138.61 million. Landec had a net margin of 4.51% and a return on equity of 4.85%. Landec’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.09 earnings per share. equities analysts anticipate that Landec will post 0.44 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Foundry Partners LLC grew its stake in Landec by 0.9% in the 1st quarter. Foundry Partners LLC now owns 425,240 shares of the basic materials company’s stock worth $5,549,000 after buying an additional 3,875 shares in the last quarter. Acuitas Investments LLC grew its stake in Landec by 226.8% in the 2nd quarter. Acuitas Investments LLC now owns 104,196 shares of the basic materials company’s stock worth $1,553,000 after buying an additional 72,315 shares in the last quarter. Wells Fargo & Company MN grew its stake in Landec by 2.1% in the 1st quarter. Wells Fargo & Company MN now owns 265,510 shares of the basic materials company’s stock worth $3,465,000 after buying an additional 5,555 shares in the last quarter. Northpointe Capital LLC purchased a new position in Landec in the 2nd quarter worth approximately $2,944,000. Finally, Bessemer Group Inc. grew its stake in Landec by 30.9% in the 2nd quarter. Bessemer Group Inc. now owns 22,900 shares of the basic materials company’s stock worth $341,000 after buying an additional 5,400 shares in the last quarter. 90.35% of the stock is owned by institutional investors and hedge funds.

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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