Lamb Weston Holdings, Inc. (NYSE:LW) Director Peter J. Bensen bought 5,000 shares of Lamb Weston stock in a transaction dated Monday, October 11th. The shares were purchased at an average cost of $55.75 per share, for a total transaction of $278,750.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of NYSE:LW opened at $55.98 on Thursday. The company has a current ratio of 2.67, a quick ratio of 1.95 and a debt-to-equity ratio of 6.31. The company has a fifty day simple moving average of $62.75 and a 200 day simple moving average of $73.07. The firm has a market cap of $8.18 billion, a PE ratio of 31.99, a price-to-earnings-growth ratio of 1.43 and a beta of 0.76. Lamb Weston Holdings, Inc. has a 12-month low of $54.18 and a 12-month high of $86.41.
Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Wednesday, October 6th. The specialty retailer reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.18). The company had revenue of $984.20 million during the quarter, compared to the consensus estimate of $1 billion. Lamb Weston had a return on equity of 58.42% and a net margin of 6.83%. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 EPS. As a group, equities research analysts forecast that Lamb Weston Holdings, Inc. will post 2.42 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the business. Alaethes Wealth LLC bought a new stake in Lamb Weston during the second quarter valued at $25,000. Truvestments Capital LLC increased its stake in Lamb Weston by 112.8% during the first quarter. Truvestments Capital LLC now owns 432 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 229 shares during the last quarter. Berman Capital Advisors LLC increased its stake in Lamb Weston by 187.4% during the second quarter. Berman Capital Advisors LLC now owns 434 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 283 shares during the last quarter. West Branch Capital LLC bought a new stake in Lamb Weston during the second quarter valued at $37,000. Finally, Eagle Bay Advisors LLC bought a new stake in Lamb Weston during the second quarter valued at $41,000. Hedge funds and other institutional investors own 85.29% of the company’s stock.
A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of Lamb Weston from a “buy” rating to a “hold” rating and set a $79.00 target price on the stock. in a research report on Tuesday, July 20th. Jefferies Financial Group reduced their target price on shares of Lamb Weston from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, October 6th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Lamb Weston presently has a consensus rating of “Buy” and a consensus target price of $86.33.
About Lamb Weston
Lamb Weston Holdings, Inc engages in the production, distribution, and marketing of value-added frozen potato products. It operates through the following business segments: Global, Foodservice, Retail, and Other. The Global segment includes branded and private label frozen potato products sold in North America and international markets.
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