Lamb Weston Holdings, Inc. (NYSE:LW) Receives $82.22 Average PT from Brokerages

Lamb Weston Holdings, Inc. (NYSE:LW) has been given a consensus rating of “Moderate Buy” by the ten brokerages that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $82.22.

LW has been the subject of several recent research reports. Consumer Edge lowered shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $68.00 target price (up previously from $63.00) on shares of Lamb Weston in a research report on Monday, October 7th. Bank of America raised their price target on shares of Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Wells Fargo & Company boosted their price objective on Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. Finally, Stifel Nicolaus raised their target price on Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, October 25th.

Institutional Investors Weigh In On Lamb Weston

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Nicola Wealth Management LTD. acquired a new stake in shares of Lamb Weston during the 3rd quarter valued at $6,474,000. Confluence Investment Management LLC acquired a new stake in shares of Lamb Weston during the second quarter worth $7,937,000. EntryPoint Capital LLC purchased a new stake in shares of Lamb Weston during the first quarter valued at $28,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Lamb Weston in the 2nd quarter valued at $3,279,000. Finally, Clarkston Capital Partners LLC increased its stake in Lamb Weston by 108.7% in the 3rd quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock worth $201,207,000 after purchasing an additional 1,618,570 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors.

Lamb Weston Stock Up 0.9 %

NYSE:LW opened at $76.81 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. The stock has a 50 day moving average of $72.59 and a 200-day moving average of $74.05. The firm has a market capitalization of $10.95 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 1.34 and a beta of 0.72. Lamb Weston has a 52 week low of $52.99 and a 52 week high of $111.88.

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

Lamb Weston Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Friday, November 1st. Lamb Weston’s payout ratio is currently 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.