Lamb Weston (NYSE:LW) Reaches New 12-Month High at $85.04

Lamb Weston Holdings Inc (NYSE:LW) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $85.04 and last traded at $84.66, with a volume of 8101 shares traded. The stock had previously closed at $84.38.

Several research firms have recently commented on LW. Barclays set a $83.00 price target on Lamb Weston and gave the stock a “buy” rating in a research report on Friday, November 1st. Stifel Nicolaus set a $81.00 price target on Lamb Weston and gave the stock a “buy” rating in a research report on Friday, October 25th. TheStreet upgraded Lamb Weston from a “c+” rating to a “b” rating in a research report on Monday, October 28th. Finally, ValuEngine lowered Lamb Weston from a “buy” rating to a “hold” rating in a research report on Friday, November 29th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $75.71.

The firm has a market capitalization of $12.32 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 3.19 and a beta of 0.21. The company has a debt-to-equity ratio of 23.94, a current ratio of 1.68 and a quick ratio of 0.81. The firm has a 50 day moving average price of $81.18 and a 200-day moving average price of $71.30.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Wednesday, October 2nd. The specialty retailer reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.01. The business had revenue of $989.00 million for the quarter, compared to analysts’ expectations of $971.45 million. Lamb Weston had a negative return on equity of 1,426.55% and a net margin of 12.44%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the firm earned $0.73 earnings per share. Equities research analysts predict that Lamb Weston Holdings Inc will post 3.45 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 1st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Thursday, October 31st. Lamb Weston’s payout ratio is currently 24.84%.

In other news, VP Bernadette M. Madarieta sold 1,320 shares of the stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $75.59, for a total value of $99,778.80. Following the sale, the vice president now directly owns 14,777 shares in the company, valued at $1,116,993.43. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.82% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of LW. Kavar Capital Partners LLC acquired a new stake in Lamb Weston in the second quarter valued at $25,000. TRUE Private Wealth Advisors acquired a new stake in Lamb Weston in the second quarter valued at $28,000. Coastal Investment Advisors Inc. raised its stake in Lamb Weston by 4,046.2% in the second quarter. Coastal Investment Advisors Inc. now owns 539 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 526 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in Lamb Weston in the second quarter valued at $41,000. Finally, HM Payson & Co. acquired a new stake in Lamb Weston in the second quarter valued at $43,000. Institutional investors own 88.10% 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.

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