Lamb Weston Holdings, Inc. (NYSE:LW) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Lamb Weston Holdings, Inc. (NYSE:LW) have received an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $80.70.

A number of research firms recently weighed in on LW. Bank of America lifted 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. TD Cowen lifted their price objective on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, September 24th. Stifel Nicolaus lowered Lamb Weston from a “buy” rating to a “hold” rating and cut their target price for the company from $115.00 to $60.00 in a research note on Thursday, July 25th. Wells Fargo & Company decreased their price target on shares of Lamb Weston from $98.00 to $70.00 and set an “overweight” rating on the stock in a research note on Friday, July 26th. Finally, The Goldman Sachs Group reduced their price objective on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, July 25th.

Insider Transactions at Lamb Weston

In other Lamb Weston news, Director William G. Jurgensen acquired 10,000 shares of Lamb Weston stock in a transaction on Friday, July 26th. The shares were bought at an average price of $55.43 per share, with a total value of $554,300.00. Following the completion of the purchase, the director now owns 173,377 shares in the company, valued at $9,610,287.11. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.66% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LW. Sei Investments Co. boosted its position in Lamb Weston by 20.0% in the 1st quarter. Sei Investments Co. now owns 207,710 shares of the specialty retailer’s stock valued at $22,128,000 after buying an additional 34,553 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Lamb Weston by 66.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,643 shares of the specialty retailer’s stock valued at $4,028,000 after acquiring an additional 15,364 shares during the last quarter. Empowered Funds LLC acquired a new stake in Lamb Weston in the first quarter worth about $810,000. Confluence Investment Management LLC bought a new stake in Lamb Weston during the 2nd quarter worth about $7,937,000. Finally, EntryPoint Capital LLC bought a new stake in Lamb Weston during the 1st quarter worth about $28,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Stock Up 0.5 %

LW opened at $66.80 on Monday. The business has a 50 day moving average of $62.18 and a 200-day moving average of $78.18. The stock has a market capitalization of $9.65 billion, a price-to-earnings ratio of 8.92, a P/E/G ratio of 6.18 and a beta of 0.75. The company has a current ratio of 1.29, a quick ratio of 0.59 and a debt-to-equity ratio of 1.92. Lamb Weston has a 1-year low of $52.99 and a 1-year high of $111.88.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.46). The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.71 billion. Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. As a group, sell-side analysts anticipate that Lamb Weston will post 4.54 earnings per share for the current year.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston’s payout ratio is 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.