Lamb Weston Target of Unusually Large Options Trading (NYSE:LW)

Lamb Weston Holdings, Inc. (NYSE:LW) was the recipient of unusually large options trading on Wednesday. Investors purchased 15,778 put options on the stock. This represents an increase of 76% compared to the average volume of 8,979 put options.

Lamb Weston Price Performance

NYSE:LW opened at $53.00 on Friday. The business’s 50-day moving average price is $83.39 and its 200 day moving average price is $92.31. The firm has a market cap of $7.65 billion, a P/E ratio of 7.08, a PEG ratio of 1.29 and a beta of 0.74. Lamb Weston has a 52-week low of $52.99 and a 52-week high of $111.88. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 2nd will be given a $0.36 dividend. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.72%. Lamb Weston’s dividend payout ratio (DPR) is 19.23%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. TD Cowen cut Lamb Weston from a “buy” rating to a “hold” rating and cut their target price for the company from $105.00 to $61.00 in a research note on Thursday. Stifel Nicolaus lowered Lamb Weston from a “buy” rating to a “hold” rating and lowered their price target for the company from $115.00 to $60.00 in a report on Thursday. Bank of America lowered their price target on Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Wells Fargo & Company lowered their price target on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a report on Friday, April 5th. Finally, Barclays lowered their price target on Lamb Weston from $105.00 to $96.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.10.

Hedge Funds Weigh In On Lamb Weston

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. WFA Asset Management Corp boosted its position 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 valued at about $28,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Lamb Weston during the 1st quarter valued at about $32,000. GAMMA Investing LLC raised its stake in shares of Lamb Weston by 135.8% in the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 220 shares in the last quarter. Finally, Family Firm Inc. bought a new position in shares of Lamb Weston in the 2nd quarter valued at approximately $36,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

About Lamb Weston

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.