Stifel Nicolaus Raises Lamb Weston (NYSE:LW) Price Target to $65.00

Lamb Weston (NYSE:LW) had its target price boosted by Stifel Nicolaus from $60.00 to $65.00 in a research report released on Thursday, Benzinga reports. They currently have a hold rating on the specialty retailer’s stock.

Other analysts have also recently issued research reports about the stock. Barclays lowered their price objective on shares of Lamb Weston from $96.00 to $70.00 and set an overweight rating for the company in a research report on Friday, July 26th. Citigroup upped their target price on shares of Lamb Weston from $72.00 to $75.00 and gave the stock a buy rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. reduced their target price on shares of Lamb Weston from $108.00 to $63.00 and set an overweight rating for the company in a research note on Thursday, July 25th. TD Cowen upped their target price on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a hold rating in a research note on Tuesday, September 24th. Finally, Bank of America upped their target price on shares of Lamb Weston from $66.00 to $68.00 and gave the stock a neutral rating in a research note on Tuesday, September 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $77.11.

Lamb Weston Stock Performance

Shares of Lamb Weston stock opened at $68.85 on Thursday. The firm has a fifty day moving average of $62.37 and a two-hundred day moving average of $76.91. The stock has a market capitalization of $9.94 billion, a price-to-earnings ratio of 9.19, a PEG ratio of 6.18 and a beta of 0.75. Lamb Weston has a 52 week low of $52.99 and a 52 week high of $111.88. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.59 and a current ratio of 1.29.

Lamb Weston (NYSE:LW) last released its quarterly earnings data 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 net margin of 11.22% and a return on equity of 44.06%. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the prior year, the company earned $1.63 EPS. The firm’s quarterly revenue was down .7% on a year-over-year basis. As a group, equities research analysts predict that Lamb Weston will post 4.54 EPS for the current year.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.09%. Lamb Weston’s dividend payout ratio is 19.23%.

Insider Activity

In other news, Director William G. Jurgensen bought 10,000 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were bought at an average cost of $55.43 per share, with a total value of $554,300.00. Following the acquisition, the director now owns 173,377 shares in the company, valued at $9,610,287.11. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.66% of the stock is owned by insiders.

Institutional Investors Weigh In On Lamb Weston

A number of institutional investors and hedge funds have recently modified their holdings of LW. WFA Asset Management Corp raised its holdings in Lamb Weston by 248.6% in the 1st quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 174 shares during the period. EntryPoint Capital LLC bought a new position in Lamb Weston in the 1st quarter valued at about $28,000. Crewe Advisors LLC raised its holdings in Lamb Weston by 357.5% in the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 261 shares during the period. Redmont Wealth Advisors LLC bought a new position in Lamb Weston in the 1st quarter valued at about $32,000. Finally, GAMMA Investing LLC raised its holdings in Lamb Weston by 135.8% in the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 220 shares during the period. 89.56% of the stock is owned by institutional investors.

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.