Peter J. Bensen Buys 5,000 Shares of Lamb Weston Holdings, Inc. (NYSE:LW) Stock

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.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 3rd. Investors of record on Friday, November 5th will be paid a $0.235 dividend. The ex-dividend date is Thursday, November 4th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.68%. Lamb Weston’s dividend payout ratio (DPR) is presently 43.52%.

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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