Landec (NASDAQ:LNDC) issued an update on its fourth quarter 2020
After-Hours earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.01-0.06 for the period. The company issued revenue guidance of $156.1-156.1 million.
A number of research analysts have recently weighed in on LNDC shares. Roth Capital upgraded Landec from a neutral rating to a buy rating and raised their price target for the company from $11.00 to $15.00 in a research report on Tuesday, April 21st. Lake Street Capital dropped their price objective on Landec from $14.00 to $10.00 and set a buy rating for the company in a research report on Monday, March 30th. Zacks Investment Research cut Landec from a buy rating to a hold rating in a research report on Wednesday, June 24th. BidaskClub cut Landec from a hold rating to a sell rating in a research report on Friday, June 5th. Finally, ValuEngine cut Landec from a buy rating to a hold rating in a research report on Tuesday, April 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $12.40.
Landec stock traded up $0.18 during midday trading on Monday, hitting $9.80. 319,135 shares of the company were exchanged, compared to its average volume of 144,068. The company’s fifty day moving average price is $10.47 and its 200-day moving average price is $10.54. The company has a market cap of $280.73 million, a PE ratio of -11.46, a price-to-earnings-growth ratio of 2.47 and a beta of 0.98. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.94 and a quick ratio of 0.52. Landec has a fifty-two week low of $7.53 and a fifty-two week high of $12.46.
In related news, Director Nelson Obus acquired 5,000 shares of Landec stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average price of $10.80 per share, for a total transaction of $54,000.00. Following the transaction, the director now directly owns 27,915 shares of the company’s stock, valued at approximately $301,482. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 14.99% of the stock is currently owned by insiders.
Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells differentiated health and wellness products for food and biomaterials markets. It operates through Curation Foods and Lifecore segments. The Curation Foods segment engages in processing, marketing, and selling of vegetable-based salads, and fresh-cut and whole vegetable products primarily under the Eat Smart brand, O branded olive oils and wine vinegars, and Yucatan and Cabo Fresh guacamole and avocado food products, as well as various private labels.
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