Key Points
- Director Peter Bensen purchased 5,000 Lamb Weston shares at $39.45 on April 6 for a total of $197,250, bringing his holdings to 17,204 shares (a 40.97% increase).
- The company beat quarter expectations with $0.72 EPS versus $0.61 expected and $1.56B in revenue (up 2.9% YoY), though analysts have trimmed price targets and the stock's consensus rating remains "Hold."
- Lamb Weston declared a quarterly dividend of $0.38 (annualized $1.52), representing a 3.7% yield, with an ex-dividend and record date of May 8 and payment on June 5.
Lamb Weston (NYSE:LW - Get Free Report) Director Peter Bensen bought 5,000 shares of Lamb Weston stock in a transaction dated Monday, April 6th. The shares were acquired at an average price of $39.45 per share, with a total value of $197,250.00. Following the completion of the purchase, the director directly owned 17,204 shares in the company, valued at $678,697.80. This trade represents a 40.97% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Lamb Weston Stock Performance
Shares of NYSE LW opened at $40.55 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 0.64 and a debt-to-equity ratio of 1.99. Lamb Weston has a 12 month low of $37.62 and a 12 month high of $67.07. The stock has a 50 day moving average of $44.87 and a 200-day moving average of $51.48. The company has a market capitalization of $5.60 billion, a P/E ratio of 18.95, a P/E/G ratio of 5.68 and a beta of 0.49.
Lamb Weston (NYSE:LW - Get Free Report) last issued its earnings results on Wednesday, April 1st. The specialty retailer reported $0.72 EPS for the quarter, topping the consensus estimate of $0.61 by $0.11. Lamb Weston had a return on equity of 23.77% and a net margin of 4.61%.The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the company posted $1.10 EPS. The firm's revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, equities research analysts predict that Lamb Weston will post 3.1 EPS for the current year.
Lamb Weston Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 8th will be paid a $0.38 dividend. The ex-dividend date is Friday, May 8th. This represents a $1.52 annualized dividend and a yield of 3.7%. Lamb Weston's payout ratio is 71.03%.
Analyst Ratings Changes
Several research firms recently issued reports on LW. JPMorgan Chase & Co. reduced their price target on Lamb Weston from $50.00 to $44.00 and set a "neutral" rating for the company in a research note on Tuesday, March 24th. TD Cowen reduced their price target on Lamb Weston from $60.00 to $55.00 and set a "hold" rating for the company in a research note on Monday, December 22nd. Wells Fargo & Company reduced their price target on Lamb Weston from $54.00 to $46.00 and set an "overweight" rating for the company in a research note on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft reduced their price target on Lamb Weston from $46.00 to $40.00 and set a "hold" rating for the company in a research note on Monday, March 30th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Lamb Weston in a research note on Friday, March 27th. Three research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $48.00.
Read Our Latest Stock Report on LW
Institutional Trading of Lamb Weston
Institutional investors have recently modified their holdings of the stock. AlphaQuest LLC lifted its position in shares of Lamb Weston by 115.5% during the 3rd quarter. AlphaQuest LLC now owns 446 shares of the specialty retailer's stock valued at $26,000 after acquiring an additional 239 shares during the period. Quent Capital LLC bought a new stake in shares of Lamb Weston during the 3rd quarter valued at $29,000. Motco bought a new stake in shares of Lamb Weston during the 3rd quarter valued at $30,000. Blue Trust Inc. lifted its position in shares of Lamb Weston by 333.3% during the 3rd quarter. Blue Trust Inc. now owns 637 shares of the specialty retailer's stock valued at $37,000 after acquiring an additional 490 shares during the period. Finally, MCF Advisors LLC lifted its position in shares of Lamb Weston by 44.2% during the 4th quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 199 shares during the period. 89.56% of the stock is currently owned by institutional investors.
Lamb Weston Company Profile
(
Get Free Report)
Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company's portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.
Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world's largest producers of frozen potato products.
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