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.

Landec (NASDAQ:LNDC) last announced its quarterly earnings data on Wednesday, January 3rd. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. The business had revenue of $136.50 million during the quarter, compared to analysts’ expectations of $135.82 million. Landec had a return on equity of 3.75% and a net margin of 1.64%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS. sell-side analysts expect that Landec will post 0.5 earnings per share for the current fiscal year.

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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