Lamb Weston (NYSE:LW) Stock Price Up 3.3%

Lamb Weston Holdings Inc (NYSE:LW)’s stock price rose 3.3% during trading on Wednesday . The stock traded as high as $57.65 and last traded at $56.84, approximately 126,937 shares changed hands during trading. A decline of 94% from the average daily volume of 2,019,367 shares. The stock had previously closed at $55.04.

A number of equities research analysts have recently issued reports on LW shares. Bank of America lowered Lamb Weston from a “buy” rating to a “neutral” rating in a research report on Thursday, March 19th. Stifel Nicolaus lowered Lamb Weston from a “buy” rating to a “hold” rating and upped their price target for the company from $81.00 to $92.00 in a research report on Sunday, January 5th. ValuEngine lowered Lamb Weston from a “buy” rating to a “hold” rating in a research report on Friday, November 29th. Zacks Investment Research lowered Lamb Weston from a “buy” rating to a “hold” rating and set a $73.00 price target for the company. in a research report on Friday, March 13th. Finally, Jefferies Financial Group started coverage on Lamb Weston in a research report on Wednesday, January 22nd. They issued a “hold” rating and a $96.00 price target for the company. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Lamb Weston presently has a consensus rating of “Hold” and a consensus target price of $81.43.

The stock has a market capitalization of $8.04 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 4.70 and a beta of 0.30. The business has a fifty day moving average of $80.02 and a 200 day moving average of $81.38. The company has a debt-to-equity ratio of 10.96, a current ratio of 1.65 and a quick ratio of 0.70.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Friday, January 3rd. The specialty retailer reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.10. Lamb Weston had a return on equity of 869.30% and a net margin of 12.90%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $964.88 million. During the same period in the prior year, the firm posted $0.80 earnings per share. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. On average, equities research analysts expect that Lamb Weston Holdings Inc will post 3.45 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 8th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, May 7th. Lamb Weston’s dividend payout ratio is presently 28.57%.

In related news, VP Bernadette M. Madarieta sold 3,472 shares of the company’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $91.47, for a total value of $317,583.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Eryk J. Spytek sold 6,000 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $92.07, for a total value of $552,420.00. The disclosure for this sale can be found here. Insiders sold 23,668 shares of company stock worth $2,164,789 over the last quarter. 0.82% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Bank of Montreal Can lifted its stake in Lamb Weston by 39.6% during the fourth quarter. Bank of Montreal Can now owns 121,095 shares of the specialty retailer’s stock worth $10,417,000 after purchasing an additional 34,327 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Lamb Weston by 65.8% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 474,403 shares of the specialty retailer’s stock valued at $40,813,000 after acquiring an additional 188,285 shares in the last quarter. WealthPLAN Partners LLC raised its stake in shares of Lamb Weston by 89.2% in the third quarter. WealthPLAN Partners LLC now owns 8,698 shares of the specialty retailer’s stock valued at $705,000 after acquiring an additional 4,101 shares in the last quarter. Barclays PLC raised its stake in shares of Lamb Weston by 81.7% in the fourth quarter. Barclays PLC now owns 298,527 shares of the specialty retailer’s stock valued at $25,682,000 after acquiring an additional 134,264 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of Lamb Weston by 0.7% in the third quarter. California State Teachers Retirement System now owns 238,915 shares of the specialty retailer’s stock valued at $17,374,000 after acquiring an additional 1,597 shares in the last quarter. Institutional investors own 85.03% of the company’s stock.

Lamb Weston Company Profile (NYSE:LW)

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

Further Reading: Understanding Options Trading

Receive News & Ratings for Lamb Weston Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamb Weston and related companies with MarketBeat.com's FREE daily email newsletter.