Lamb Weston (NYSE:LW) Reaches New 12-Month Low - What's Next?

Shares of Lamb Weston (NYSE:LW - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $47.87 and last traded at $48.09, with a volume of 1745215 shares traded. The stock had previously closed at $49.00.

Wall Street Analyst Weigh In

LW has been the subject of several recent analyst reports. Jefferies Financial Group reduced their price objective on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Stifel Nicolaus set a $56.00 target price on Lamb Weston and gave the company a "hold" rating in a research note on Thursday, April 24th. Bank of America cut their target price on Lamb Weston from $60.00 to $56.00 and set a "neutral" rating for the company in a research note on Wednesday, June 18th. Wells Fargo & Company decreased their price target on Lamb Weston from $70.00 to $65.00 and set an "overweight" rating on the stock in a report on Wednesday, July 9th. Finally, Wall Street Zen raised Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Lamb Weston presently has an average rating of "Hold" and a consensus price target of $67.64.

Lamb Weston Stock Down 2.0%

The stock has a market cap of $6.78 billion, a P/E ratio of 18.83, a P/E/G ratio of 1.10 and a beta of 0.46. The company has a 50-day simple moving average of $52.98 and a two-hundred day simple moving average of $54.66. The company has a quick ratio of 0.58, a current ratio of 1.35 and a debt-to-equity ratio of 2.25.

Lamb Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 1st will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a $1.48 dividend on an annualized basis and a yield of 3.08%. Lamb Weston's payout ratio is 58.04%.

Institutional Investors Weigh In On Lamb Weston

Institutional investors have recently modified their holdings of the company. American National Bank & Trust acquired a new stake in Lamb Weston during the 2nd quarter valued at $25,000. Putney Financial Group LLC acquired a new stake in shares of Lamb Weston during the fourth quarter valued at about $34,000. Wayfinding Financial LLC acquired a new position in Lamb Weston in the first quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Lamb Weston during the first quarter valued at approximately $28,000. Finally, Whipplewood Advisors LLC raised its holdings in Lamb Weston by 3,466.7% during the first quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer's stock worth $29,000 after purchasing an additional 520 shares in the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Company Profile

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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