Local Bounti (NYSE:LOCL – Get Rating) is one of 33 publicly-traded companies in the “Agricultural production – crops” industry, but how does it compare to its peers? We will compare Local Bounti to related businesses based on the strength of its dividends, valuation, earnings, analyst recommendations, profitability, institutional ownership and risk.
Analyst Ratings
This is a summary of current recommendations and price targets for Local Bounti and its peers, as reported by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Local Bounti | 0 | 1 | 4 | 0 | 2.80 |
| Local Bounti Competitors | 98 | 169 | 488 | 23 | 2.56 |
Local Bounti currently has a consensus price target of $2.85, suggesting a potential upside of 506.51%. As a group, “Agricultural production – crops” companies have a potential upside of 58.08%. Given Local Bounti’s stronger consensus rating and higher possible upside, analysts clearly believe Local Bounti is more favorable than its peers.
Risk & Volatility
Profitability
This table compares Local Bounti and its peers’ net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Local Bounti | -570.35% | -97.51% | -51.03% |
| Local Bounti Competitors | -339.13% | -25.67% | -16.18% |
Institutional & Insider Ownership
65.3% of Local Bounti shares are held by institutional investors. Comparatively, 25.5% of shares of all “Agricultural production – crops” companies are held by institutional investors. 41.5% of Local Bounti shares are held by insiders. Comparatively, 17.7% of shares of all “Agricultural production – crops” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
Earnings and Valuation
This table compares Local Bounti and its peers gross revenue, earnings per share and valuation.
| Gross Revenue | Net Income | Price/Earnings Ratio | |
| Local Bounti | $19.47 million | -$111.07 million | -0.37 |
| Local Bounti Competitors | $1.66 billion | $21.77 million | 0.16 |
Local Bounti’s peers have higher revenue and earnings than Local Bounti. Local Bounti is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
Summary
Local Bounti peers beat Local Bounti on 7 of the 13 factors compared.
About Local Bounti
Local Bounti Corporation grows fresh greens and herbs in the United States. It produces lettuce, herbs, and loose-leaf lettuce. The company sells its products to food retailers and food service distributors. Local Bounti Corporation was founded in 2018 and is headquartered in Hamilton, Montana.
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