Lamb Weston (NYSE:LW) Shares Gap Down to $106.53

Shares of Lamb Weston Holdings, Inc. (NYSE:LWGet Free Report) gapped down prior to trading on Monday . The stock had previously closed at $106.53, but opened at $103.57. Lamb Weston shares last traded at $104.47, with a volume of 248,081 shares trading hands.

Analyst Ratings Changes

A number of research firms have recently issued reports on LW. BNP Paribas initiated coverage on Lamb Weston in a research report on Monday, March 11th. They issued an “outperform” rating and a $128.00 price target for the company. StockNews.com cut shares of Lamb Weston from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Wells Fargo & Company assumed coverage on shares of Lamb Weston in a research report on Tuesday, December 12th. They set an “overweight” rating and a $120.00 price objective for the company. Stifel Nicolaus boosted their target price on shares of Lamb Weston from $115.00 to $130.00 and gave the company a “buy” rating in a report on Friday, January 5th. Finally, Citigroup assumed coverage on shares of Lamb Weston in a report on Thursday, February 1st. They set a “buy” rating and a $132.00 price target for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Lamb Weston has an average rating of “Moderate Buy” and a consensus price target of $127.20.

Check Out Our Latest Stock Analysis on LW

Lamb Weston Price Performance

The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.57 and a current ratio of 1.29. The stock’s 50-day moving average is $102.98 and its two-hundred day moving average is $99.98. The stock has a market cap of $14.99 billion, a PE ratio of 13.50, a PEG ratio of 1.18 and a beta of 0.72.

Lamb Weston (NYSE:LWGet Free Report) last released its quarterly earnings results on Thursday, January 4th. The specialty retailer reported $1.45 EPS for the quarter, topping the consensus estimate of $1.42 by $0.03. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.70 billion. Lamb Weston had a return on equity of 63.19% and a net margin of 17.71%. The company’s quarterly revenue was up 35.6% on a year-over-year basis. During the same period last year, the business posted $1.28 earnings per share. On average, equities analysts predict that Lamb Weston Holdings, Inc. will post 5.95 earnings per share for the current year.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.44 annualized dividend and a dividend yield of 1.39%. Lamb Weston’s dividend payout ratio is presently 18.73%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. boosted its stake in shares of Lamb Weston by 28.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 104,527 shares of the specialty retailer’s stock valued at $9,665,000 after buying an additional 23,085 shares during the period. Lmcg Investments LLC lifted its stake in Lamb Weston by 2.2% in the third quarter. Lmcg Investments LLC now owns 13,946 shares of the specialty retailer’s stock worth $1,289,000 after acquiring an additional 304 shares during the last quarter. State of Wisconsin Investment Board increased its position in shares of Lamb Weston by 31.3% in the 2nd quarter. State of Wisconsin Investment Board now owns 173,152 shares of the specialty retailer’s stock valued at $19,904,000 after purchasing an additional 41,294 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Lamb Weston by 13.1% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 26,800 shares of the specialty retailer’s stock worth $2,478,000 after purchasing an additional 3,100 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Lamb Weston by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,145,465 shares of the specialty retailer’s stock worth $105,910,000 after purchasing an additional 14,527 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

About Lamb Weston

(Get Free Report)

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.

See Also

Receive News & Ratings for Lamb Weston Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamb Weston and related companies with MarketBeat.com's FREE daily email newsletter.