Landec (NASDAQ:LNDC) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Tuesday.

A number of other brokerages have also recently weighed in on LNDC. Zacks Investment Research upgraded shares of Landec from a “sell” rating to a “hold” rating in a research note on Thursday, May 31st. ValuEngine cut shares of Landec from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. TheStreet upgraded shares of Landec from a “c+” rating to a “b” rating in a research note on Tuesday, May 29th. Finally, Maxim Group reiterated a “buy” rating and set a $18.00 target price on shares of Landec in a research note on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $15.33.

Shares of Landec stock opened at $13.30 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 1.10 and a debt-to-equity ratio of 0.16. Landec has a 1-year low of $11.42 and a 1-year high of $15.60. The firm has a market capitalization of $351.03 million, a PE ratio of 32.44 and a beta of 0.55.

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

Large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC acquired a new position in Landec during the 2nd quarter valued at $295,000. Bessemer Group Inc. raised its stake in Landec by 30.9% during the 2nd quarter. Bessemer Group Inc. now owns 22,900 shares of the basic materials company’s stock valued at $341,000 after purchasing an additional 5,400 shares during the last quarter. First Trust Advisors LP raised its stake in Landec by 18.1% during the 2nd quarter. First Trust Advisors LP now owns 31,236 shares of the basic materials company’s stock valued at $465,000 after purchasing an additional 4,789 shares during the last quarter. National Investment Services Inc. WI raised its stake in Landec by 148.9% during the 2nd quarter. National Investment Services Inc. WI now owns 36,070 shares of the basic materials company’s stock valued at $537,000 after purchasing an additional 21,581 shares during the last quarter. Finally, Swiss National Bank raised its stake in Landec by 12.7% during the 1st quarter. Swiss National Bank now owns 45,400 shares of the basic materials company’s stock valued at $592,000 after purchasing an additional 5,100 shares during the last quarter. Hedge funds and other institutional investors own 93.16% 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 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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