Lamb Weston Holdings, Inc. (NYSE:LW – Get Free Report) has earned an average recommendation of “Hold” from the thirteen analysts that are covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $81.00.
A number of brokerages have recently issued reports on LW. Citigroup downgraded shares of Lamb Weston from a “buy” rating to a “neutral” rating and cut their price target for the stock from $90.00 to $68.00 in a report on Friday, December 20th. Barclays cut their price target on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a report on Monday, December 23rd. Deutsche Bank Aktiengesellschaft began coverage on shares of Lamb Weston in a report on Thursday, December 12th. They set a “hold” rating and a $81.00 price target for the company. Sanford C. Bernstein began coverage on shares of Lamb Weston in a report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price target for the company. Finally, Bank of America raised their price target on shares of Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, October 21st.
Read Our Latest Stock Report on Lamb Weston
Lamb Weston Trading Down 1.8 %
Lamb Weston (NYSE:LW – Get Free Report) last released its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The company’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period last year, the business earned $1.45 earnings per share. Analysts expect that Lamb Weston will post 4.26 EPS for the current fiscal year.
Lamb Weston Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 31st will be paid a $0.37 dividend. This is an increase from Lamb Weston’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.48 annualized dividend and a dividend yield of 2.48%. Lamb Weston’s payout ratio is 58.50%.
Insiders Place Their Bets
In other Lamb Weston news, Director Charles A. Blixt purchased 1,200 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average price of $63.25 per share, for a total transaction of $75,900.00. Following the completion of the purchase, the director now directly owns 22,982 shares in the company, valued at approximately $1,453,611.50. The trade was a 5.51 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert A. Niblock acquired 3,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were purchased at an average cost of $60.94 per share, with a total value of $182,820.00. Following the completion of the transaction, the director now owns 26,406 shares in the company, valued at approximately $1,609,181.64. The trade was a 12.82 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.
Institutional Investors Weigh In On Lamb Weston
Institutional investors have recently modified their holdings of the company. City State Bank lifted its position in shares of Lamb Weston by 56.2% during the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 150 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of Lamb Weston during the 3rd quarter worth $29,000. West Oak Capital LLC lifted its position in shares of Lamb Weston by 155.7% during the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 274 shares during the last quarter. Riverview Trust Co purchased a new stake in shares of Lamb Weston during the 3rd quarter worth $35,000. Finally, CVA Family Office LLC lifted its position in shares of Lamb Weston by 143.8% during the 3rd quarter. CVA Family Office LLC now owns 573 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 338 shares during the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.
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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