Insider Buying: Lamb Weston Holdings Inc. (LW) Director Acquires $290,900.00 in Stock

Lamb Weston Holdings Inc. (NYSE:LW) Director Peter J. Bensen bought 5,000 shares of the business’s stock in a transaction on Monday, January 8th. The stock was bought at an average cost of $58.18 per share, with a total value of $290,900.00. Following the completion of the purchase, the director now directly owns 1,935 shares in the company, valued at $112,578.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Lamb Weston Holdings Inc. (NYSE LW) opened at $58.00 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of -4.43. The stock has a market capitalization of $8,480.00 and a PE ratio of 26.85. Lamb Weston Holdings Inc. has a 52-week low of $35.81 and a 52-week high of $58.70.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Thursday, January 4th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The firm had revenue of $824.60 million during the quarter, compared to the consensus estimate of $815.29 million. Lamb Weston had a negative return on equity of 53.18% and a net margin of 9.85%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the company earned $0.63 EPS. analysts predict that Lamb Weston Holdings Inc. will post 2.4 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 2nd will be given a dividend of $0.1913 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.32%. This is an increase from Lamb Weston’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, February 1st. Lamb Weston’s dividend payout ratio (DPR) is presently 34.72%.

Large investors have recently modified their holdings of the stock. Parametric Portfolio Associates LLC boosted its holdings in Lamb Weston by 3.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 430,297 shares of the specialty retailer’s stock valued at $20,177,000 after acquiring an additional 13,176 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in Lamb Weston by 359.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,404 shares of the specialty retailer’s stock valued at $113,000 after acquiring an additional 1,881 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in Lamb Weston during the 3rd quarter valued at about $189,000. Public Employees Retirement System of Ohio boosted its holdings in Lamb Weston by 75.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 111,668 shares of the specialty retailer’s stock valued at $5,236,000 after acquiring an additional 48,151 shares during the period. Finally, Garde Capital Inc. purchased a new position in Lamb Weston during the 3rd quarter valued at about $267,000. 79.38% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the company. Zacks Investment Research downgraded Lamb Weston from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Jefferies Group raised their target price on Lamb Weston to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Stifel Nicolaus raised their target price on Lamb Weston from $54.00 to $58.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $50.00 target price (up from $46.00) on shares of Lamb Weston in a research note on Thursday, October 5th. Finally, Bank of America raised their target price on Lamb Weston from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $53.13.

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About Lamb Weston

Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.

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