Analysts Set Lamb Weston Holdings, Inc. (NYSE:LW) Price Target at $81.00

Lamb Weston Holdings, Inc. (NYSE:LW) has received a consensus rating of “Hold” from the thirteen analysts that are covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $81.00.

Several analysts have issued reports on LW shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Lamb Weston in a research report on Thursday, December 12th. They set a “hold” rating and a $81.00 price target on the stock. Jefferies Financial Group raised their target price on shares of Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. TD Cowen boosted their price target on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, September 24th. Bank of America raised their price objective on Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Finally, Barclays decreased their target price on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd.

Insider Buying and Selling

In related news, Director Charles A. Blixt purchased 1,200 shares of Lamb Weston stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average price of $63.25 per share, with a total value of $75,900.00. Following the completion of the transaction, the director now directly owns 22,982 shares of the company’s stock, valued at $1,453,611.50. This represents a 5.51 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is owned by insiders.

Institutional Trading of Lamb Weston

Institutional investors have recently modified their holdings of the stock. City State Bank increased its stake in Lamb Weston by 56.2% in the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 150 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its stake in shares of Lamb Weston by 0.8% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 18,756 shares of the specialty retailer’s stock valued at $1,214,000 after purchasing an additional 156 shares during the last quarter. Bridges Investment Management Inc. raised its holdings in shares of Lamb Weston by 2.8% during the 3rd quarter. Bridges Investment Management Inc. now owns 6,648 shares of the specialty retailer’s stock worth $430,000 after buying an additional 181 shares in the last quarter. Coldstream Capital Management Inc. lifted its position in shares of Lamb Weston by 5.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,649 shares of the specialty retailer’s stock worth $241,000 after buying an additional 186 shares during the last quarter. Finally, Fulton Bank N.A. boosted its stake in Lamb Weston by 4.6% in the third quarter. Fulton Bank N.A. now owns 4,592 shares of the specialty retailer’s stock valued at $297,000 after buying an additional 201 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors.

Lamb Weston Price Performance

Shares of NYSE LW opened at $60.83 on Wednesday. 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 of $73.60 and a 200-day moving average of $70.51. The stock has a market capitalization of $8.68 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 1.42 and a beta of 0.73. Lamb Weston has a fifty-two week low of $52.99 and a fifty-two week high of $110.61.

Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the business earned $1.45 earnings per share. The firm’s revenue for the quarter was down 7.5% compared to the same quarter last year. As a group, sell-side analysts predict that Lamb Weston will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, January 31st will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, January 31st. This is a boost from Lamb Weston’s previous quarterly dividend of $0.36. Lamb Weston’s payout ratio is presently 58.50%.

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.