Traders Buy Shares of Lamb Weston (LW) on Weakness

Investors purchased shares of Lamb Weston Holdings Inc (NYSE:LW) on weakness during trading on Monday. $29.18 million flowed into the stock on the tick-up and $14.29 million flowed out of the stock on the tick-down, for a money net flow of $14.89 million into the stock. Of all companies tracked, Lamb Weston had the 29th highest net in-flow for the day. Lamb Weston traded down ($0.78) for the day and closed at $80.37

Several research analysts have recently weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $80.00 price objective on shares of Lamb Weston in a report on Tuesday, October 2nd. Zacks Investment Research upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Wednesday, October 24th. ValuEngine upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Stifel Nicolaus increased their price objective on shares of Lamb Weston from $68.00 to $74.00 and gave the stock a “hold” rating in a report on Wednesday, October 3rd. Finally, Bank of America lowered shares of Lamb Weston from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $75.00 to $85.00 in a report on Thursday, November 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Lamb Weston has a consensus rating of “Hold” and a consensus price target of $74.50.

The firm has a market capitalization of $11.88 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 2.30 and a beta of -0.53.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Tuesday, October 2nd. The specialty retailer reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05. Lamb Weston had a net margin of 12.52% and a negative return on equity of 110.81%. The business had revenue of $914.90 million for the quarter, compared to analyst estimates of $879.68 million. During the same period in the prior year, the firm posted $0.57 EPS. The company’s revenue was up 11.9% on a year-over-year basis. On average, sell-side analysts forecast that Lamb Weston Holdings Inc will post 2.99 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 2nd will be issued a $0.191 dividend. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $0.76 annualized dividend and a yield of 0.95%. Lamb Weston’s payout ratio is 28.57%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Destination Wealth Management grew its position in Lamb Weston by 191.8% in the second quarter. Destination Wealth Management now owns 1,459 shares of the specialty retailer’s stock valued at $100,000 after acquiring an additional 959 shares in the last quarter. Vectors Research Management LLC acquired a new stake in Lamb Weston in the third quarter valued at approximately $106,000. Acadian Asset Management LLC grew its position in Lamb Weston by 1,114.8% in the second quarter. Acadian Asset Management LLC now owns 1,810 shares of the specialty retailer’s stock valued at $124,000 after acquiring an additional 1,661 shares in the last quarter. Fort L.P. acquired a new stake in Lamb Weston in the second quarter valued at approximately $124,000. Finally, Parallel Advisors LLC grew its position in Lamb Weston by 198.5% in the second quarter. Parallel Advisors LLC now owns 1,943 shares of the specialty retailer’s stock valued at $133,000 after acquiring an additional 1,292 shares in the last quarter. Hedge funds and other institutional investors own 78.77% of the company’s stock.

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Lamb Weston Company Profile (NYSE:LW)

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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