From MarketBeat:
Lamb Weston Stock Downgraded to “Sell”
Lamb Weston was downgraded by StockNews.com from a “hold” rating to a “sell”. Several other research firms have also weighed in on Lamb Weston. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. MarketBeat reports the stock has an average rating of “Moderate Buy” and an average price target of $126.50.
Lamb Weston Stock Up 0.7%
Shares of NYSE LW traded up $0.77 during mid-day trading on Friday, hitting $106.03. The company has a market cap of $15.37 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 1.35 and a beta of 0.69.
Lamb Weston Earnings Report
Lamb Weston last released its quarterly earnings results on Thursday, January 4th. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.70 billion and posted $1.45 earnings per share for the quarter, beating estimates by $0.03. The firm’s revenue was up 35.6% on a year-over-year basis.
Lamb Weston Announced Share Repurchase Program
Lamb Weston announced its Board of Directors has approved a share repurchase program on Wednesday, October 11th that authorizes the company to repurchase $500.00 million in shares.
Insiders Place Their Bets
Director William G. Jurgensen purchased 3,000 shares of Lamb Weston stock in a transaction on Monday, October 16th and now holds 1.66% of the company’s stock.
Hedge Funds Weigh In On Lamb Weston
A number of hedge funds have recently made changes to their positions in LW. Institutional investors own 85.77% of the company’s stock.
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.
Read more: StockNews.com Lowers Lamb Weston (NYSE:LW) to Sell