Laird Superfood (NYSEAMERICAN:LSF) Posts Earnings Results, Beats Estimates By $0.24 EPS

Laird Superfood (NYSEAMERICAN:LSF) released its quarterly earnings results on Thursday. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.24, FiscalAI reports. Laird Superfood had a negative net margin of 6.52% and a negative return on equity of 20.33%. The firm had revenue of $13.94 million during the quarter, compared to analyst estimates of $14.51 million.

Laird Superfood Price Performance

Laird Superfood stock traded up $0.16 during mid-day trading on Thursday, hitting $3.16. The company’s stock had a trading volume of 144,085 shares, compared to its average volume of 69,807. The stock has a market cap of $34.54 million, a price-to-earnings ratio of -10.19 and a beta of 2.73. The business has a 50 day moving average price of $2.63 and a 200-day moving average price of $2.81. Laird Superfood has a 12 month low of $1.96 and a 12 month high of $7.80.

Analyst Ratings Changes

Separately, Maxim Group dropped their price objective on shares of Laird Superfood from $8.00 to $6.00 and set a “buy” rating for the company in a report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat, Laird Superfood has an average rating of “Strong Buy” and an average target price of $6.00.

Institutional Trading of Laird Superfood

Several hedge funds have recently added to or reduced their stakes in LSF. XTX Topco Ltd lifted its stake in Laird Superfood by 71.5% in the fourth quarter. XTX Topco Ltd now owns 19,691 shares of the company’s stock worth $44,000 after purchasing an additional 8,209 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Laird Superfood in the fourth quarter valued at about $57,000. Goldman Sachs Group Inc. increased its position in shares of Laird Superfood by 24.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 31,943 shares of the company’s stock valued at $71,000 after acquiring an additional 6,178 shares during the period. Jane Street Group LLC purchased a new position in shares of Laird Superfood in the fourth quarter valued at about $73,000. Finally, HighTower Advisors LLC increased its position in shares of Laird Superfood by 7.1% in the fourth quarter. HighTower Advisors LLC now owns 75,476 shares of the company’s stock valued at $168,000 after acquiring an additional 5,000 shares during the period. 8.56% of the stock is owned by institutional investors.

About Laird Superfood

Laird Superfood, Inc (NYSE American: LSF) is a consumer wellness company specializing in plant-based superfood and functional beverage products. Founded in 2015 by big-wave surfer and entrepreneur Laird Hamilton, the company develops creamers, coffees, hydration mixes and culinary superfood blends designed to deliver energy, focus and nutritional support. Laird Superfood’s offerings leverage premium ingredients such as coconut milk, aquamin sea minerals, functional mushrooms and adaptogens to address growing consumer demand for clean-label, nutrient-rich alternatives.

The company’s core product lines include coconut-based coffee creamers, plant-based creamers, instant coffee blends combined with superfood ingredients, hydration mixes and culinary seasonings.