News stories about Lamb Weston (NYSE:LW) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lamb Weston earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave news headlines about the specialty retailer an impact score of 47.1031805501608 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Thursday, January 25th. Jefferies Group increased their price objective on shares of Lamb Weston to $64.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Bank of America increased their price objective on shares of Lamb Weston from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Finally, Stifel Nicolaus increased their price objective on shares of Lamb Weston from $54.00 to $58.00 and gave the company a “hold” rating in a research note on Tuesday, January 2nd. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $55.63.
Shares of Lamb Weston (NYSE LW) opened at $56.93 on Thursday. The stock has a market cap of $8,238.27, a PE ratio of 26.36, a P/E/G ratio of 1.90 and a beta of 0.43. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of -4.43. Lamb Weston has a 1 year low of $38.58 and a 1 year high of $60.85.
The company also recently announced 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. The ex-dividend date is Thursday, February 1st. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.34%. This is a boost from Lamb Weston’s previous quarterly dividend of $0.19. Lamb Weston’s dividend payout ratio (DPR) is 35.19%.
In other news, Director Peter J. Bensen bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was acquired at an average price of $58.18 per share, for a total transaction of $290,900.00. Following the transaction, the director now directly owns 1,935 shares of the company’s stock, valued at approximately $112,578.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.26% of the company’s stock.
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Lamb Weston Company Profile
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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