BidaskClub Upgrades Landec (NASDAQ:LNDC) to Hold

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

Several other research firms have also issued reports on LNDC. Roth Capital upped their target price on Dmc Global from $50.00 to $70.00 and gave the company a “buy” rating in a report on Monday, April 8th. Maxim Group reaffirmed a “buy” rating and issued a $17.00 target price on shares of Landec in a report on Wednesday, July 3rd. Lake Street Capital reduced their target price on Landec from $16.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Finally, Zacks Investment Research lowered EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Landec currently has an average rating of “Hold” and an average price target of $13.67.

Shares of LNDC stock traded down $0.08 during trading on Tuesday, hitting $10.42. The company’s stock had a trading volume of 113,128 shares, compared to its average volume of 136,183. The company has a market cap of $304.09 million, a P/E ratio of 25.41 and a beta of 0.76. The company has a current ratio of 0.96, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. The business’s fifty day moving average is $9.68. Landec has a 52 week low of $9.02 and a 52 week high of $15.57.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in Landec by 2.3% during the fourth quarter. BlackRock Inc. now owns 2,048,555 shares of the basic materials company’s stock valued at $24,253,000 after purchasing an additional 46,011 shares during the period. Walthausen & Co. LLC grew its holdings in Landec by 47.8% during the first quarter. Walthausen & Co. LLC now owns 1,076,900 shares of the basic materials company’s stock valued at $13,224,000 after purchasing an additional 348,485 shares during the period. AltraVue Capital LLC grew its holdings in Landec by 38.8% during the first quarter. AltraVue Capital LLC now owns 489,575 shares of the basic materials company’s stock valued at $6,012,000 after purchasing an additional 136,820 shares during the period. John G Ullman & Associates Inc. grew its holdings in Landec by 6.8% during the first quarter. John G Ullman & Associates Inc. now owns 353,525 shares of the basic materials company’s stock valued at $4,341,000 after purchasing an additional 22,416 shares during the period. Finally, Pacific Ridge Capital Partners LLC grew its holdings in Landec by 17.6% during the first quarter. Pacific Ridge Capital Partners LLC now owns 307,931 shares of the basic materials company’s stock valued at $3,781,000 after purchasing an additional 46,193 shares during the period. 90.17% of the stock is owned by institutional investors and hedge funds.

About Landec

Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells differentiated health and wellness products for food and biomaterials markets. It operates through two segments, Packaged Fresh Vegetables 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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