Jefferies Financial Group Issues Positive Forecast for Lamb Weston (NYSE:LW) Stock Price

Lamb Weston (NYSE:LW) had its price target raised by Jefferies Financial Group from $80.00 to $95.00 in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the specialty retailer’s stock.

A number of other research firms have also commented on LW. Barclays increased their price objective on Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Wells Fargo & Company increased their price objective on Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on Lamb Weston in a research note on Thursday, December 12th. They set a “hold” rating and a $81.00 price objective on the stock. Bank of America raised their price target on Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Finally, Citigroup upped their price objective on shares of Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $84.25.

Lamb Weston Trading Up 0.1 %

Shares of Lamb Weston stock opened at $82.28 on Tuesday. Lamb Weston has a 1 year low of $52.99 and a 1 year high of $111.88. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. The business has a 50 day moving average price of $76.74 and a 200 day moving average price of $72.83. The company has a market capitalization of $11.73 billion, a P/E ratio of 19.30, a P/E/G ratio of 1.34 and a beta of 0.70.

Lamb Weston (NYSE:LW) last issued 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. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The business’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the business earned $1.63 earnings per share. Sell-side analysts anticipate that Lamb Weston will post 4.26 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 1st were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a yield of 1.75%. Lamb Weston’s dividend payout ratio (DPR) is 33.80%.

Institutional Investors Weigh In On Lamb Weston

Large investors have recently modified their holdings of the stock. City State Bank grew its holdings in Lamb Weston by 56.2% during the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. Crewe Advisors LLC increased its position in shares of Lamb Weston by 357.5% during the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 261 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of Lamb Weston in the third quarter worth about $29,000. Riverview Trust Co purchased a new position in Lamb Weston in the third quarter valued at about $35,000. Finally, Family Firm Inc. acquired a new stake in Lamb Weston during the 2nd quarter valued at approximately $36,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

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.