Lamb Weston Holdings, Inc. (NYSE:LW – Get Free Report) was the recipient of some unusual options trading activity on Friday. Stock traders bought 31,574 put options on the stock. This is an increase of approximately 301% compared to the average daily volume of 7,866 put options.
Lamb Weston Trading Up 6.2 %
LW stock traded up $3.02 during midday trading on Friday, reaching $51.67. The company’s stock had a trading volume of 1,851,489 shares, compared to its average volume of 2,709,983. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The stock has a fifty day simple moving average of $57.48 and a two-hundred day simple moving average of $66.51. Lamb Weston has a 1 year low of $47.90 and a 1 year high of $107.50. The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 1.40 and a beta of 0.76.
Lamb Weston (NYSE:LW – Get Free Report) last released its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the business earned $1.45 EPS. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. On average, equities research analysts predict that Lamb Weston will post 3.1 EPS for the current year.
Lamb Weston Increases Dividend
Insider Activity
In other Lamb Weston news, Director Charles A. Blixt purchased 1,200 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average cost of $63.25 per share, for a total transaction of $75,900.00. Following the purchase, the director now directly owns 22,982 shares of the company’s stock, valued at $1,453,611.50. This trade represents a 5.51 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert A. Niblock purchased 3,000 shares of the company’s stock in a transaction on Monday, January 13th. The stock was acquired at an average price of $60.94 per share, with a total value of $182,820.00. Following the completion of the purchase, the director now directly owns 26,406 shares in the company, valued at $1,609,181.64. This trade represents a 12.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.
Hedge Funds Weigh In On Lamb Weston
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Alberta Investment Management Corp bought a new stake in Lamb Weston during the fourth quarter valued at about $2,641,000. Atria Wealth Solutions Inc. bought a new stake in Lamb Weston during the fourth quarter valued at about $2,850,000. Leeward Investments LLC MA boosted its position in Lamb Weston by 41.5% during the fourth quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer’s stock valued at $10,457,000 after purchasing an additional 45,904 shares in the last quarter. HB Wealth Management LLC boosted its position in Lamb Weston by 6.5% during the fourth quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer’s stock valued at $892,000 after purchasing an additional 817 shares in the last quarter. Finally, Nicola Wealth Management LTD. bought a new stake in Lamb Weston during the third quarter valued at about $6,474,000. Institutional investors own 89.56% of the company’s stock.
Analyst Upgrades and Downgrades
LW has been the topic of several recent research reports. Sanford C. Bernstein initiated coverage on Lamb Weston in a report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price objective on the stock. Barclays decreased their price objective on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. Stifel Nicolaus decreased their price objective on Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, December 20th. Citigroup cut Lamb Weston from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $90.00 to $68.00 in a report on Friday, December 20th. Finally, StockNews.com raised Lamb Weston to a “sell” rating in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $76.73.
Read Our Latest Research Report on Lamb Weston
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.
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