Lamb Weston (NYSE:LW - Get Free Report) was the recipient of some unusual options trading on Wednesday. Stock investors purchased 8,302 put options on the company. This represents an increase of approximately 141% compared to the average daily volume of 3,451 put options.
Lamb Weston Trading Down 2.0%
LW stock traded down $1.07 during midday trading on Wednesday, hitting $51.27. The company had a trading volume of 2,880,063 shares, compared to its average volume of 2,656,223. The company has a current ratio of 1.35, a quick ratio of 0.58 and a debt-to-equity ratio of 2.25. Lamb Weston has a 52 week low of $47.90 and a 52 week high of $83.98. The stock's 50 day moving average price is $53.10 and its 200 day moving average price is $55.52. The stock has a market cap of $7.24 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 1.16 and a beta of 0.46.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on LW. Jefferies Financial Group dropped their price target on 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 price objective on Lamb Weston and gave the company a "hold" rating in a report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $57.00 price objective on shares of Lamb Weston in a report on Wednesday, March 19th. Wells Fargo & Company decreased their price objective on Lamb Weston from $70.00 to $65.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Barclays decreased their price objective on Lamb Weston from $69.00 to $61.00 and set an "overweight" rating on the stock in a report on Monday, May 12th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $67.64.
Read Our Latest Research Report on Lamb Weston
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 business. Romano Brothers AND Company raised its holdings in Lamb Weston by 1.4% in the first quarter. Romano Brothers AND Company now owns 15,260 shares of the specialty retailer's stock worth $813,000 after purchasing an additional 218 shares in the last quarter. Blair William & Co. IL grew its stake in shares of Lamb Weston by 3.2% in the fourth quarter. Blair William & Co. IL now owns 7,130 shares of the specialty retailer's stock worth $476,000 after acquiring an additional 219 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of Lamb Weston by 2.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 10,971 shares of the specialty retailer's stock valued at $585,000 after buying an additional 219 shares during the last quarter. Atria Investments Inc boosted its position in shares of Lamb Weston by 3.2% during the fourth quarter. Atria Investments Inc now owns 7,255 shares of the specialty retailer's stock valued at $485,000 after buying an additional 227 shares during the last quarter. Finally, Norinchukin Bank The boosted its position in shares of Lamb Weston by 4.0% during the fourth quarter. Norinchukin Bank The now owns 5,873 shares of the specialty retailer's stock valued at $392,000 after buying an additional 227 shares during the last quarter. Institutional investors own 89.56% of the company's stock.
Lamb Weston Company Profile
(
Get Free Report)
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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