Brokerages Set Lamb Weston Holdings, Inc. (NYSE:LW) Price Target at $82.36

Shares of Lamb Weston Holdings, Inc. (NYSE:LW) have earned a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $83.27.

LW has been the topic of several research analyst reports. Stifel Nicolaus raised their target price on shares of Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lifted their price target on shares of Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a report on Monday. Barclays upped their price objective on Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Bank of America increased their target price on Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Finally, Citigroup boosted their price target on Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd.

Lamb Weston Stock Up 3.7 %

LW opened at $82.23 on Friday. The firm has a market cap of $11.73 billion, a P/E ratio of 19.30, a PEG ratio of 1.34 and a beta of 0.70. The business’s fifty day simple moving average is $76.48 and its 200 day simple moving average is $72.85. Lamb Weston has a 52 week low of $52.99 and a 52 week high of $111.88. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the firm posted $1.63 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. As a group, equities research analysts anticipate that Lamb Weston will post 4.26 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 1st were issued a $0.36 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.44 annualized dividend and a yield of 1.75%. Lamb Weston’s dividend payout ratio is presently 33.80%.

Institutional Trading of Lamb Weston

Several hedge funds and other institutional investors have recently bought and sold shares of LW. City State Bank boosted its holdings in 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 purchasing an additional 150 shares during the period. Crewe Advisors LLC grew its position in shares of Lamb Weston by 357.5% during the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 261 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in Lamb Weston during the third quarter worth about $29,000. Riverview Trust Co bought a new position in Lamb Weston in the third quarter worth about $35,000. Finally, Family Firm Inc. acquired a new position in Lamb Weston in the second quarter valued at approximately $36,000. 89.56% of the stock is owned by 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.