Lamb Weston Target of Unusually High Options Trading (NYSE:LW)

Lamb Weston (NYSE:LWGet Free Report) saw unusually large options trading activity on Friday. Investors bought 14,145 put options on the stock. This is an increase of 829% compared to the average volume of 1,522 put options.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LW. Wells Fargo & Company lifted their price target on Lamb Weston from $54.00 to $57.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Barclays boosted their price objective on shares of Lamb Weston from $50.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. TD Cowen increased their target price on shares of Lamb Weston from $40.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday, July 28th. Stifel Nicolaus boosted their price target on shares of Lamb Weston from $45.00 to $52.00 and gave the stock a “hold” rating in a research report on Monday, July 27th. Finally, Sanford C. Bernstein upped their price target on shares of Lamb Weston from $42.00 to $57.00 and gave the company a “market perform” rating in a research report on Tuesday, July 28th. Three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $53.36.

Read Our Latest Stock Report on Lamb Weston

Hedge Funds Weigh In On Lamb Weston

A number of large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its stake in shares of Lamb Weston by 13.1% in the second quarter. The Manufacturers Life Insurance Company now owns 36,968 shares of the specialty retailer’s stock valued at $1,596,000 after purchasing an additional 4,273 shares during the period. Capstone Financial Advisors Inc. increased its stake in Lamb Weston by 37.3% in the 2nd quarter. Capstone Financial Advisors Inc. now owns 18,389 shares of the specialty retailer’s stock worth $794,000 after purchasing an additional 5,000 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Lamb Weston by 44.6% during the second quarter. Tidal Investments LLC now owns 48,963 shares of the specialty retailer’s stock valued at $2,114,000 after buying an additional 15,092 shares in the last quarter. IPG Investment Advisors LLC raised its position in Lamb Weston by 45.9% during the second quarter. IPG Investment Advisors LLC now owns 24,270 shares of the specialty retailer’s stock valued at $1,048,000 after buying an additional 7,630 shares during the period. Finally, Engineers Gate Manager LP purchased a new stake in Lamb Weston in the 2nd quarter worth about $216,000. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Stock Up 0.4%

LW traded up $0.17 during trading on Friday, hitting $46.63. 130,042 shares of the company’s stock traded hands, compared to its average volume of 2,194,091. Lamb Weston has a 12-month low of $37.62 and a 12-month high of $67.07. The company’s 50 day simple moving average is $50.97 and its two-hundred day simple moving average is $45.93. The company has a current ratio of 1.42, a quick ratio of 0.74 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $6.41 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 2.12 and a beta of 0.47.

Lamb Weston (NYSE:LWGet Free Report) last issued its quarterly earnings results on Friday, July 24th. The specialty retailer reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.24. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Lamb Weston had a net margin of 4.39% and a return on equity of 23.33%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.87 EPS. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. Analysts predict that Lamb Weston will post 3.06 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 7th were issued a $0.38 dividend. The ex-dividend date was Friday, August 7th. This represents a $1.52 annualized dividend and a dividend yield of 3.3%. Lamb Weston’s payout ratio is currently 73.08%.

About Lamb Weston

(Get Free Report)

Lamb Weston Holdings, Inc (NYSE: LW) is a food company that produces and distributes frozen potato products. Its portfolio includes frozen french fries, potato wedges, hash browns, tater tots, mashed potatoes, sweet potato products and other specialty potato items.

The company serves restaurants, foodservice distributors, retailers and food manufacturers. Its products are sold under the Lamb Weston, Grown in Idaho and Alexia brands, as well as through private-label and customer-specific offerings.

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