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

Shares of Lamb Weston Holdings, Inc. (NYSE:LW) have earned an average rating of “Moderate Buy” from the ten brokerages that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $82.22.

A number of equities analysts have issued reports on LW shares. Bank of America lifted their price target on Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. TD Cowen raised their price objective on Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $68.00 target price (up previously from $63.00) on shares of Lamb Weston in a research note on Monday, October 7th. Barclays increased their target price on shares of Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Finally, Stifel Nicolaus boosted their price target on shares of Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, October 25th.

Institutional Investors Weigh In On Lamb Weston

Several institutional investors have recently added to or reduced their stakes in LW. City State Bank boosted its holdings in shares of Lamb Weston by 56.2% in the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 150 shares during the period. EntryPoint Capital LLC purchased a new stake in Lamb Weston during the 1st quarter worth about $28,000. Crewe Advisors LLC boosted its stake in Lamb Weston by 357.5% in the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 261 shares during the period. Northwest Investment Counselors LLC purchased a new position in Lamb Weston during the 3rd quarter valued at about $29,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Lamb Weston by 135.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock worth $32,000 after buying an additional 220 shares in the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Stock Down 0.2 %

Shares of NYSE:LW opened at $76.78 on Tuesday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. Lamb Weston has a 52-week low of $52.99 and a 52-week high of $111.88. The business’s 50 day simple moving average is $73.11 and its two-hundred day simple moving average is $73.87. The firm has a market cap of $10.95 billion, a P/E ratio of 18.02, a PEG ratio of 1.38 and a beta of 0.72.

Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the firm posted $1.63 EPS. Lamb Weston’s revenue was down .7% compared to the same quarter last year. As a group, research analysts forecast that Lamb Weston will post 4.26 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be given a dividend of $0.36 per share. The ex-dividend date is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.88%. Lamb Weston’s dividend payout ratio is presently 33.80%.

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.