Lamb Weston Holdings Inc (NYSE:LW) Director Robert A. Niblock bought 2,500 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The stock was purchased at an average price of $59.70 per share, for a total transaction of $149,250.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of LW stock opened at $59.32 on Friday. The company has a debt-to-equity ratio of 12.47, a current ratio of 2.25 and a quick ratio of 0.84. The company has a market cap of $8.74 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 7.72 and a beta of 0.82. The stock has a 50 day simple moving average of $65.14 and a 200-day simple moving average of $69.80. Lamb Weston Holdings Inc has a 1-year low of $39.06 and a 1-year high of $96.32.

Lamb Weston (NYSE:LW) last announced its earnings results on Tuesday, July 28th. The specialty retailer reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.17). The business had revenue of $846.90 million for the quarter, compared to analyst estimates of $829.33 million. Lamb Weston had a return on equity of 183.08% and a net margin of 9.65%. The company’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 earnings per share. Analysts anticipate that Lamb Weston Holdings Inc will post 2.28 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 7th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, August 6th. Lamb Weston’s payout ratio is 36.80%.

Several hedge funds have recently made changes to their positions in LW. Jane Street Group LLC acquired a new position in Lamb Weston in the 4th quarter valued at $246,000. Profund Advisors LLC acquired a new position in Lamb Weston in the 4th quarter valued at $239,000. Geode Capital Management LLC raised its stake in Lamb Weston by 5.2% in the 4th quarter. Geode Capital Management LLC now owns 2,348,539 shares of the specialty retailer’s stock valued at $201,645,000 after purchasing an additional 116,991 shares during the last quarter. National Pension Service raised its stake in Lamb Weston by 6,225.7% in the 4th quarter. National Pension Service now owns 246,005 shares of the specialty retailer’s stock valued at $21,164,000 after purchasing an additional 242,116 shares during the last quarter. Finally, Redpoint Investment Management Pty Ltd acquired a new position in Lamb Weston in the 4th quarter valued at $227,000. 85.53% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have issued reports on the company. Jefferies Financial Group reissued a “hold” rating and issued a $45.00 price target on shares of Lamb Weston in a report on Thursday, April 2nd. Barclays reissued a “buy” rating and issued a $60.00 price target on shares of Lamb Weston in a report on Tuesday, May 19th. Zacks Investment Research downgraded Lamb Weston from a “hold” rating to a “sell” rating and set a $70.00 price target for the company. in a report on Wednesday, July 15th. Stifel Nicolaus decreased their price target on Lamb Weston from $92.00 to $57.00 and set a “hold” rating for the company in a report on Thursday, April 2nd. Finally, JPMorgan Chase & Co. decreased their price target on Lamb Weston from $62.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $57.40.

About Lamb Weston

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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