Landec (LNDC) Rating Increased to Sell at BidaskClub
BidaskClub upgraded shares of Landec (NASDAQ:LNDC) from a strong sell rating to a sell rating in a research note published on Saturday morning.
Several other equities analysts have also recently issued reports on LNDC. Maxim Group reiterated a buy rating and issued a $18.00 price objective on shares of Landec in a research note on Wednesday, November 29th. Zacks Investment Research upgraded Landec from a sell rating to a hold rating in a research note on Wednesday, January 3rd. Finally, Sidoti assumed coverage on Landec in a research note on Wednesday, December 13th. They set a buy rating for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $15.33.
Landec (NASDAQ:LNDC) opened at $13.40 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.37 and a quick ratio of 0.93. The stock has a market capitalization of $368.96, a PE ratio of 41.88 and a beta of 1.04. Landec has a 52 week low of $11.20 and a 52 week high of $14.95.
A number of hedge funds have recently bought and sold shares of LNDC. Schwab Charles Investment Management Inc. lifted its stake in Landec by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 106,809 shares of the basic materials company’s stock worth $1,587,000 after purchasing an additional 589 shares during the last quarter. Alliancebernstein L.P. purchased a new stake in Landec during the second quarter worth approximately $241,000. Teachers Advisors LLC lifted its stake in Landec by 11.3% during the second quarter. Teachers Advisors LLC now owns 53,195 shares of the basic materials company’s stock worth $790,000 after purchasing an additional 5,384 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in Landec by 1.0% during the second quarter. TIAA CREF Investment Management LLC now owns 75,251 shares of the basic materials company’s stock worth $1,117,000 after purchasing an additional 745 shares during the last quarter. Finally, Citigroup Inc. lifted its stake in Landec by 489.6% during the second quarter. Citigroup Inc. now owns 9,840 shares of the basic materials company’s stock worth $146,000 after purchasing an additional 8,171 shares during the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.
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Landec Company Profile
Landec Corporation designs, develops, manufactures and sells a range of health and wellness products for food and biomaterials markets. The Company licenses technology applications to partners. The Company 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 fruit and vegetables, the majority of which incorporate the BreatheWay specialty packaging for the retail grocery, club store and food services industry.
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