Lamb Weston (NYSE:LW) Hits New 1-Year Low at $76.61

Lamb Weston Holdings, Inc. (NYSE:LW)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $76.61 and last traded at $77.75, with a volume of 867257 shares. The stock had previously closed at $76.90.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wells Fargo & Company lowered their target price on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a research note on Friday, April 5th. Barclays lowered their price objective on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Monday, April 8th. Stifel Nicolaus reduced their target price on Lamb Weston from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Citigroup lowered their price target on Lamb Weston from $106.00 to $104.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Finally, Bank of America cut their price objective on Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a report on Friday, April 5th. One analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $117.20.

Lamb Weston Trading Up 0.1 %

The business’s 50 day simple moving average is $84.39 and its 200 day simple moving average is $93.33. The stock has a market cap of $11.42 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 1.28 and a beta of 0.74. The company has a quick ratio of 0.52, a current ratio of 1.19 and a debt-to-equity ratio of 1.81.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 2nd will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.82%. Lamb Weston’s dividend payout ratio (DPR) is 19.23%.

Hedge Funds Weigh In On Lamb Weston

A number of large investors have recently made changes to their positions in the company. WFA Asset Management Corp increased its stake in Lamb Weston by 248.6% during the 1st quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 174 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of Lamb Weston during the 1st quarter worth $28,000. Redmont Wealth Advisors LLC bought a new position in shares of Lamb Weston in the first quarter worth $32,000. GAMMA Investing LLC raised its stake in Lamb Weston by 135.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 220 shares in the last quarter. Finally, Vima LLC bought a new stake in Lamb Weston during the fourth quarter worth about $50,000. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Company Profile

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.