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Robert A. Niblock, a director at Lamb Weston Holdings, Inc. (NYSE:LW), has recently increased his stake in the company by purchasing 3,000 shares of common stock. The timing is notable as the stock has declined over 22% in the past six months, currently trading near $60 compared to its 52-week high of $110.61. The acquisition, which took place on January 13, 2025, was executed at a weighted average price of approximately $60.94 per share. The total value of this transaction is $182,818. Following this purchase, Niblock holds 26,405.5 shares, including an additional 70.5 shares acquired through a dividend reinvestment feature. According to InvestingPro analysis, Lamb Weston currently appears undervalued, and the company has maintained an impressive track record of raising its dividend for eight consecutive years. For deeper insights into LW's valuation and growth prospects, including 8 additional ProTips, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Lamb Weston has seen a flurry of activity. The company's shares received a boost following the announcement that Jana Partners is considering Jeffery DeLapp, a former president of the company, as a potential director candidate. Concurrently, Lamb Weston announced the appointment of Michael J. Smith as its new President and CEO, effective January 3, 2025. Smith, who previously served as the company's Chief Operating Officer, will succeed Thomas P. Werner.
Financial services firms have also weighed in on Lamb Weston's recent developments. Stifel adjusted its outlook on the company, reducing its price target while maintaining a Hold rating. This follows Lamb Weston's recent quarter which fell short of expectations, with a 25% drop in EBITDA to $282 million and sales that missed projections. Similarly, Bernstein SocGen Group maintained its Market Perform rating on Lamb Weston, despite disappointing earnings and a lower gross margin than expected.
Meanwhile, Deutsche Bank (ETR:DBKGn) questioned whether the revised guidance from Lamb Weston's management has sufficiently accounted for all potential issues, a concept referred to as "kitchen sinking." The firm reduced its price target on Lamb Weston's stock but retained a Hold rating. These are some of the recent developments involving Lamb Weston.
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