Lamb Weston (LW) – Investment Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Lamb Weston (NYSE: LW) in the last few weeks:

• 12/23/2024 – Lamb Weston had its price target lowered by analysts at Barclays PLC from $87.00 to $69.00. They now have an “overweight” rating on the stock.
• 12/20/2024 – Lamb Weston was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating. They now have a $68.00 price target on the stock, down previously from $90.00.
• 12/20/2024 – Lamb Weston had its price target lowered by analysts at Stifel Nicolaus from $80.00 to $68.00. They now have a “hold” rating on the stock.
• 12/17/2024 – Lamb Weston had its price target raised by analysts at Jefferies Financial Group Inc. from $80.00 to $95.00. They now have a “buy” rating on the stock.
• 12/16/2024 – Lamb Weston had its price target raised by analysts at JPMorgan Chase & Co. from $68.00 to $78.00. They now have a “neutral” rating on the stock.
• 12/12/2024 – Lamb Weston is now covered by analysts at Deutsche Bank Aktiengesellschaft. They set a “hold” rating and a $81.00 price target on the stock.
• 12/3/2024 – Lamb Weston is now covered by analysts at Sanford C. Bernstein. They set a “market perform” rating and a $85.00 price target on the stock.

Lamb Weston Trading Down 0.3 %

Lamb Weston stock opened at $63.69 on Thursday. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $111.88. The firm’s 50 day moving average price is $76.43 and its 200-day moving average price is $72.08. 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 stock has a market cap of $9.08 billion, a P/E ratio of 14.95, a PEG ratio of 1.42 and a beta of 0.70.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.35). Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the company earned $1.45 EPS. The firm’s revenue for the quarter was down 7.5% on a year-over-year basis. On average, equities analysts predict that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.32%. This is a boost from Lamb Weston’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, January 31st. Lamb Weston’s dividend payout ratio is 58.50%.

Insider Activity

In related news, Director Charles A. Blixt acquired 1,200 shares of Lamb Weston stock in a transaction on Monday, December 23rd. The shares were bought at an average cost of $63.25 per share, with a total value of $75,900.00. Following the completion of the purchase, the director now directly owns 22,982 shares of the company’s stock, valued at $1,453,611.50. The trade was a 5.51 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.72% of the company’s stock.

Institutional Trading of Lamb Weston

A number of institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Lamb Weston by 12.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,298 shares of the specialty retailer’s stock worth $3,893,000 after purchasing an additional 4,996 shares during the last quarter. Crewe Advisors LLC lifted its stake 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 worth $28,000 after acquiring an additional 261 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Lamb Weston by 0.3% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 92,678 shares of the specialty retailer’s stock valued at $7,792,000 after acquiring an additional 236 shares during the period. Key Financial Inc grew its position in Lamb Weston by 3,825.0% in the 2nd quarter. Key Financial Inc now owns 471 shares of the specialty retailer’s stock valued at $40,000 after acquiring an additional 459 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Lamb Weston by 1.4% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,382 shares of the specialty retailer’s stock worth $1,125,000 after purchasing an additional 188 shares during the period. 89.56% of the stock is currently owned by institutional investors.

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.