Laird Superfood’s (LSF) Buy Rating Reaffirmed at Roth Capital

Roth Capital restated their buy rating on shares of Laird Superfood (NYSEAMERICAN:LSF) in a research report sent to investors on Friday,Benzinga reports. The firm currently has a $4.50 price target on the stock, down from their previous price target of $6.00.

Separately, Maxim Group lifted their target price on Laird Superfood from $6.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Laird Superfood presently has an average rating of “Moderate Buy” and an average target price of $7.25.

Laird Superfood Price Performance

NYSEAMERICAN LSF traded down $0.20 during midday trading on Friday, hitting $2.52. 125,386 shares of the company traded hands, compared to its average volume of 49,711. The company has a market cap of $28.20 million, a PE ratio of -9.00 and a beta of 2.97. The company’s 50-day simple moving average is $3.10 and its 200-day simple moving average is $3.34. Laird Superfood has a 52 week low of $1.50 and a 52 week high of $5.11.

Laird Superfood (NYSEAMERICAN:LSF) last announced its quarterly earnings results on Thursday, November 12th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $41.95 million for the quarter, compared to the consensus estimate of $43.51 million. Laird Superfood had a negative return on equity of 15.54% and a negative net margin of 1.75%. On average, research analysts predict that Laird Superfood will post -0.09 earnings per share for the current year.

Hedge Funds Weigh In On Laird Superfood

A number of large investors have recently made changes to their positions in LSF. Empowered Funds LLC purchased a new stake in Laird Superfood during the 3rd quarter worth approximately $51,000. Finley Financial LLC increased its stake in Laird Superfood by 100.0% during the 2nd quarter. Finley Financial LLC now owns 50,000 shares of the company’s stock valued at $235,000 after purchasing an additional 25,000 shares in the last quarter. Finally, Aspiriant LLC raised its holdings in shares of Laird Superfood by 92.4% in the third quarter. Aspiriant LLC now owns 175,958 shares of the company’s stock worth $612,000 after buying an additional 84,508 shares during the last quarter. 8.56% of the stock is owned by institutional investors and hedge funds.

Laird Superfood Company Profile

Laird Superfood, Inc. develops and sells plant-based food and beverage products, including creamers, coffee, hydration mixes, protein products, snacks and supplements. Its offerings are marketed as convenient options made with plant-based ingredients. The company was founded in 2015 by surfer and entrepreneur Laird Hamilton and his wife, Gabrielle Reece, along with Paul Hodge. It began with a plant-based coffee creamer and expanded its product range into other foods and beverages. Laird Superfood sells its products through its website and retail channels, primarily serving customers in the United States.