Lamb Weston Holdings, Inc. (NYSE:LW) Receives Average Rating of “Moderate Buy” from Brokerages

Lamb Weston Holdings, Inc. (NYSE:LW) has earned a consensus rating of “Moderate Buy” from the eleven analysts that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $82.40.

Several analysts have issued reports on the company. Stifel Nicolaus upped their target price on Lamb Weston from $60.00 to $65.00 and gave the company a “hold” rating in a report on Thursday. Barclays increased their target price on Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday. Citigroup increased their target price on Lamb Weston from $75.00 to $76.00 and gave the stock a “buy” rating in a research note on Thursday. The Goldman Sachs Group reduced their price target on Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Finally, Bank of America raised their target price on Lamb Weston from $66.00 to $68.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th.

Insider Activity

In related news, Director William G. Jurgensen purchased 10,000 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was bought at an average cost of $55.43 per share, with a total value of $554,300.00. Following the completion of the acquisition, the director now directly owns 173,377 shares in the company, valued at $9,610,287.11. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.66% of the company’s stock.

Institutional Investors Weigh In On Lamb Weston

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Avantax Advisory Services Inc. boosted its position in shares of Lamb Weston by 3.7% in the first quarter. Avantax Advisory Services Inc. now owns 3,806 shares of the specialty retailer’s stock worth $405,000 after buying an additional 135 shares during the period. Somerset Trust Co raised its position in shares of Lamb Weston by 4.5% during the 1st quarter. Somerset Trust Co now owns 3,401 shares of the specialty retailer’s stock worth $362,000 after purchasing an additional 145 shares during the period. Camarda Financial Advisors LLC raised its position in shares of Lamb Weston by 0.9% during the 1st quarter. Camarda Financial Advisors LLC now owns 16,389 shares of the specialty retailer’s stock worth $1,746,000 after purchasing an additional 151 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in Lamb Weston by 31.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 655 shares of the specialty retailer’s stock valued at $70,000 after acquiring an additional 158 shares during the period. Finally, Summit Financial Wealth Advisors LLC increased its position in Lamb Weston by 1.2% in the 1st quarter. Summit Financial Wealth Advisors LLC now owns 13,556 shares of the specialty retailer’s stock valued at $1,444,000 after acquiring an additional 161 shares during the period. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Price Performance

LW opened at $68.86 on Monday. The business’s 50-day moving average is $62.37 and its two-hundred day moving average is $77.28. Lamb Weston has a 1 year low of $52.99 and a 1 year high of $111.88. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.29 and a quick ratio of 0.59. The firm has a market capitalization of $9.94 billion, a PE ratio of 9.19, a price-to-earnings-growth ratio of 6.18 and a beta of 0.75.

Lamb Weston (NYSE:LW) last issued its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the firm earned $1.63 earnings per share. Lamb Weston’s revenue for the quarter was down .7% on a year-over-year basis. Research analysts anticipate that Lamb Weston will post 4.54 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be paid a $0.36 dividend. The ex-dividend date is Friday, November 1st. This represents a $1.44 annualized dividend and a dividend yield of 2.09%. Lamb Weston’s dividend payout ratio (DPR) is currently 19.23%.

About Lamb Weston

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.