Local Bounti (NYSE:LOCL – Get Rating) is one of 33 publicly-traded companies in the “Agricultural production – crops” industry, but how does it weigh in compared to its peers? We will compare Local Bounti to similar businesses based on the strength of its profitability, valuation, risk, earnings, institutional ownership, analyst recommendations and dividends.
Insider & Institutional Ownership
65.3% of Local Bounti shares are owned by institutional investors. Comparatively, 25.0% of shares of all “Agricultural production – crops” companies are owned by institutional investors. 41.5% of Local Bounti shares are owned by company insiders. Comparatively, 17.0% of shares of all “Agricultural production – crops” companies are owned by company 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.
Volatility & Risk
Local Bounti has a beta of 1.75, indicating that its share price is 75% more volatile than the S&P 500. Comparatively, Local Bounti’s peers have a beta of -24.11, indicating that their average share price is 2,511% less volatile than the S&P 500.
Analyst Recommendations
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Local Bounti | 0 | 1 | 4 | 0 | 2.80 |
| Local Bounti Competitors | 98 | 170 | 488 | 23 | 2.56 |
Local Bounti currently has a consensus price target of $2.85, suggesting a potential upside of 392.99%. As a group, “Agricultural production – crops” companies have a potential upside of 56.24%. Given Local Bounti’s stronger consensus rating and higher probable upside, analysts plainly believe Local Bounti is more favorable than its peers.
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% | -95.94% | -47.68% |
| Local Bounti Competitors | -339.13% | -25.58% | -15.99% |
Valuation and Earnings
This table compares Local Bounti and its peers revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Net Income | Price/Earnings Ratio | |
| Local Bounti | $19.47 million | -$111.07 million | -0.45 |
| Local Bounti Competitors | $1.63 billion | $21.77 million | -0.95 |
Local Bounti’s peers have higher revenue and earnings than Local Bounti. Local Bounti is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.
Summary
Local Bounti beats its peers on 7 of the 13 factors compared.
Local Bounti Company Profile
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.
Receive News & Ratings for Local Bounti Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Local Bounti and related companies with MarketBeat.com's FREE daily email newsletter.
