Roth Capital Maintains Buy On Landec Following Investor Meetings With CEO


In a research note issued today, Roth Capital analyst Anton Brenner maintained a Buy rating on Landec Corporation (LNDC) with a price target of $18.00 following a series of investor meetings with Gary Steele, Landec’s President and CEO.

“Discussions focused on the rapid growth of Apio’s salad kits, steps being taken to better protect produce sourcing, Lifecore’s outlook, and expected contribution from its Windset Farms investment. While income growth in F2015 will be restricted due to two short-term factors, a strong earnings gain to $1.00 per share or more seems likely for next year (F2016)”, Brenner noted.

Brenner continued, “A sales mix shift toward high margin salad kits that are not vulnerable to sourcing difficulties also should help alleviate the sourcing problem. Sales have increased rapidly despite a capacity constraint, as only one production line has been dedicated to salads. Two additional lines will become operational in F2015, and possibly a third next year”.

According to TipRanks.com, analyst Anton Brenner currently has an average return of 22.2% and a 67% success rate. Brenner is ranked #782 out of 3162 analysts.

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