Insider Buying: Lamb Weston Holdings Inc. (LW) Director Acquires 5,000 Shares of Stock
Lamb Weston Holdings Inc. (NYSE:LW) Director Peter J. Bensen purchased 5,000 shares of the business’s stock in a transaction on Monday, January 8th. The shares were purchased at an average cost of $58.18 per share, for a total transaction of $290,900.00. Following the transaction, the director now owns 1,935 shares of the company’s stock, valued at $112,578.30. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.
Lamb Weston Holdings Inc. (NYSE:LW) traded down $0.52 during trading hours on Tuesday, hitting $58.04. The stock had a trading volume of 891,672 shares, compared to its average volume of 1,705,212. The firm has a market capitalization of $8,560.00 and a price-to-earnings ratio of 26.87. The company has a debt-to-equity ratio of -4.43, a quick ratio of 0.53 and a current ratio of 1.55. Lamb Weston Holdings Inc. has a 1-year low of $35.81 and a 1-year high of $58.70.
Lamb Weston (NYSE:LW) last released its earnings results on Thursday, January 4th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.01. The business had revenue of $824.60 million for the quarter, compared to analyst estimates of $815.29 million. Lamb Weston had a negative return on equity of 53.18% and a net margin of 9.85%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 earnings per share. analysts expect that Lamb Weston Holdings Inc. will post 2.4 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC boosted its stake in shares of Lamb Weston by 3.2% in the third quarter. Parametric Portfolio Associates LLC now owns 430,297 shares of the specialty retailer’s stock valued at $20,177,000 after buying an additional 13,176 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of Lamb Weston by 359.7% in the third quarter. Chicago Partners Investment Group LLC now owns 2,404 shares of the specialty retailer’s stock valued at $113,000 after buying an additional 1,881 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of Lamb Weston in the third quarter valued at approximately $189,000. Public Employees Retirement System of Ohio boosted its stake in shares of Lamb Weston by 75.8% in the third quarter. Public Employees Retirement System of Ohio now owns 111,668 shares of the specialty retailer’s stock valued at $5,236,000 after buying an additional 48,151 shares in the last quarter. Finally, Garde Capital Inc. purchased a new stake in shares of Lamb Weston in the third quarter valued at approximately $267,000. Hedge funds and other institutional investors own 79.38% of the company’s stock.
A number of research analysts have recently issued reports on the company. Bank of America boosted their target price on Lamb Weston from $52.00 to $57.00 and gave the company a “buy” rating in a report on Monday, November 6th. Zacks Investment Research raised Lamb Weston from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Friday, October 6th. Morgan Stanley reissued an “equal weight” rating and issued a $50.00 target price (up previously from $46.00) on shares of Lamb Weston in a report on Thursday, October 5th. Jefferies Group reissued a “buy” rating and issued a $58.00 target price (up previously from $53.00) on shares of Lamb Weston in a report on Thursday, October 5th. Finally, Stifel Nicolaus boosted their target price on Lamb Weston from $54.00 to $58.00 and gave the company a “hold” rating in a report on Tuesday, January 2nd. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $53.13.
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Lamb Weston Company Profile
Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.
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