Lamb Weston Holdings, Inc. (NYSE:LW) Receives $80.70 Average PT from Brokerages

Shares of Lamb Weston Holdings, Inc. (NYSE:LW) have been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $80.70.

LW has been the subject of several recent research reports. Barclays decreased their target price 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. The Goldman Sachs Group lowered their price target on Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Citigroup raised their price target on shares of Lamb Weston from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Stifel Nicolaus downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $115.00 to $60.00 in a research report on Thursday, July 25th. Finally, Consumer Edge cut Lamb Weston from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th.

Insider Activity at Lamb Weston

In related news, Director William G. Jurgensen acquired 10,000 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was acquired at an average cost of $55.43 per share, for a total transaction of $554,300.00. Following the acquisition, the director now owns 173,377 shares of the company’s stock, valued at $9,610,287.11. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.66% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lamb Weston

Several hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC bought a new position in Lamb Weston in the 2nd quarter valued at approximately $1,106,000. Maven Securities LTD purchased a new stake in shares of Lamb Weston during the second quarter valued at $504,000. Cetera Investment Advisers raised its position in Lamb Weston by 57.5% in the 2nd quarter. Cetera Investment Advisers now owns 30,499 shares of the specialty retailer’s stock worth $2,564,000 after buying an additional 11,138 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in Lamb Weston by 6.3% during the 2nd quarter. EP Wealth Advisors LLC now owns 4,037 shares of the specialty retailer’s stock valued at $339,000 after acquiring an additional 239 shares during the period. Finally, Kimelman & Baird LLC purchased a new stake in shares of Lamb Weston during the 2nd quarter valued at about $206,000. 89.56% of the stock is owned by institutional investors.

Lamb Weston Trading Up 2.6 %

Shares of LW stock opened at $66.59 on Monday. The stock has a 50-day moving average of $61.61 and a 200-day moving average of $77.66. The company has a current ratio of 1.29, a quick ratio of 0.59 and a debt-to-equity ratio of 1.92. The stock has a market cap of $9.61 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 6.18 and a beta of 0.75. Lamb Weston has a 1-year low of $52.99 and a 1-year high of $111.88.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.55 billion. Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the company posted $1.63 EPS. On average, equities research analysts forecast that Lamb Weston will post 4.54 earnings per share for the current year.

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Friday, November 1st. Lamb Weston’s dividend payout ratio is 19.23%.

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.