Laird Superfood’s (LSF) “Buy” Rating Reiterated at Roth Mkm

Roth Mkm reiterated their buy rating on shares of Laird Superfood (NYSEAMERICAN:LSF) in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage currently has a $12.00 price objective on the stock, up from their prior price objective of $8.00.

Laird Superfood Price Performance

NYSEAMERICAN LSF opened at $9.16 on Thursday. Laird Superfood has a 1 year low of $0.71 and a 1 year high of $9.65. The firm has a fifty day moving average of $1.09. The company has a market capitalization of $94.16 million, a PE ratio of -65.42 and a beta of 2.20.

Laird Superfood (NYSEAMERICAN:LSF) last announced its earnings results on Wednesday, August 7th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.07. The business had revenue of $10.00 million during the quarter, compared to the consensus estimate of $9.70 million. Laird Superfood had a negative return on equity of 13.28% and a negative net margin of 3.13%. On average, sell-side analysts predict that Laird Superfood will post -0.15 earnings per share for the current year.

Hedge Funds Weigh In On Laird Superfood

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LSF. Renaissance Technologies LLC boosted its position in Laird Superfood by 86.2% during the 2nd quarter. Renaissance Technologies LLC now owns 327,600 shares of the company’s stock worth $1,841,000 after acquiring an additional 151,679 shares during the period. Dimensional Fund Advisors LP purchased a new stake in shares of Laird Superfood in the second quarter worth approximately $155,000. Virtu Financial LLC acquired a new stake in shares of Laird Superfood during the first quarter worth approximately $61,000. Finally, XTX Topco Ltd purchased a new position in Laird Superfood during the second quarter valued at approximately $63,000. Institutional investors and hedge funds own 8.56% of the company’s stock.

Laird Superfood Company Profile

Laird Superfood, Inc manufactures and markets plant-based natural and functional food in the United States. The company provides powdered and liquid coffee creamers, and hydration and beverage enhancing supplements; hydrate coconut water products; performance mushroom supplements; functional, organic roasted, and instant coffee, tea, hot chocolate products; harvest snacks; and other food items.