Lamb Weston (NYSE:LW) Reaches New 1-Year High at $115.04

Lamb Weston Holdings, Inc. (NYSE:LW – Get Rating)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $115.04 and last traded at $114.30, with a volume of 140749 shares. The stock had previously closed at $113.84.

Analyst Ratings Changes

A number of research analysts have recently issued reports on LW shares. JPMorgan Chase & Co. lifted their price objective on shares of Lamb Weston from $112.00 to $122.00 and gave the company an “overweight” rating in a report on Monday, April 10th. The Goldman Sachs Group raised their price target on shares of Lamb Weston from $97.00 to $107.00 in a research report on Thursday, April 6th. StockNews.com began coverage on shares of Lamb Weston in a research report on Thursday. They set a “hold” rating on the stock. Barclays lifted their price objective on shares of Lamb Weston from $110.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Monday, April 10th. Finally, Bank of America lifted their price objective on shares of Lamb Weston from $115.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, April 10th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $118.40.

Lamb Weston Trading Up 0.6 %

The firm has a market cap of $16.68 billion, a PE ratio of 30.61, a PEG ratio of 0.59 and a beta of 0.53. The company has a debt-to-equity ratio of 4.43, a quick ratio of 1.57 and a current ratio of 2.59. The stock’s 50 day simple moving average is $107.19 and its 200 day simple moving average is $97.79.

Lamb Weston (NYSE:LW – Get Rating) last posted its quarterly earnings results on Thursday, April 6th. The specialty retailer reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.45. Lamb Weston had a net margin of 11.27% and a return on equity of 110.40%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the business posted $0.73 EPS. The firm’s revenue was up 26.0% compared to the same quarter last year. On average, sell-side analysts forecast that Lamb Weston Holdings, Inc. will post 4.51 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Friday, May 5th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Thursday, May 4th. Lamb Weston’s dividend payout ratio is presently 29.95%.

Insider Activity at Lamb Weston

In other news, SVP Sharon L. Miller sold 4,350 shares of Lamb Weston stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $115.00, for a total value of $500,250.00. Following the completion of the sale, the senior vice president now directly owns 49,859 shares in the company, valued at $5,733,785. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lamb Weston

Several large investors have recently added to or reduced their stakes in LW. Teza Capital Management LLC bought a new stake in Lamb Weston in the third quarter worth $521,000. WealthPlan Investment Management LLC bought a new position in Lamb Weston during the third quarter valued at $660,000. Empirical Finance LLC purchased a new stake in shares of Lamb Weston during the third quarter valued at $238,000. Fifth Third Bancorp boosted its stake in shares of Lamb Weston by 19.1% during the fourth quarter. Fifth Third Bancorp now owns 3,430 shares of the specialty retailer’s stock valued at $307,000 after purchasing an additional 550 shares during the period. Finally, Toth Financial Advisory Corp purchased a new stake in shares of Lamb Weston during the fourth quarter valued at $840,000. Hedge funds and other institutional investors own 89.87% of the company’s stock.

About Lamb Weston

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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.