Lamb Weston (LW) – Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Lamb Weston (NYSE: LW):

• 10/22/2024 – Lamb Weston had its price target raised by analysts at Citigroup Inc. from $76.00 to $90.00. They now have a “buy” rating on the stock.
• 10/21/2024 – Lamb Weston had its price target raised by analysts at Bank of America Co. from $68.00 to $80.00. They now have a “neutral” rating on the stock.
• 10/7/2024 – Lamb Weston had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $68.00 price target on the stock, up previously from $63.00.
• 10/4/2024 – Lamb Weston had its price target raised by analysts at Barclays PLC from $70.00 to $74.00. They now have an “overweight” rating on the stock.
• 10/3/2024 – Lamb Weston had its price target raised by analysts at Wells Fargo & Company from $70.00 to $77.00. They now have an “overweight” rating on the stock.
• 10/3/2024 – Lamb Weston had its price target raised by analysts at Stifel Nicolaus from $60.00 to $65.00. They now have a “hold” rating on the stock.
• 10/3/2024 – Lamb Weston had its price target raised by analysts at Citigroup Inc. from $75.00 to $76.00. They now have a “buy” rating on the stock.
• 9/24/2024 – Lamb Weston had its price target raised by analysts at TD Cowen from $61.00 to $65.00. They now have a “hold” rating on the stock.
• 9/23/2024 – Lamb Weston had its price target raised by analysts at Citigroup Inc. from $72.00 to $75.00. They now have a “buy” rating on the stock.
• 9/17/2024 – Lamb Weston had its price target raised by analysts at Bank of America Co. from $66.00 to $68.00. They now have a “neutral” rating on the stock.

Lamb Weston Stock Performance

NYSE:LW opened at $77.38 on Friday. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88. The firm’s 50 day moving average is $66.45 and its two-hundred day moving average is $74.59. The company has a market cap of $11.17 billion, a P/E ratio of 10.33, a P/E/G ratio of 1.27 and a beta of 0.75. 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 issued its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.63 earnings per share. Analysts expect that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Friday, November 1st. Lamb Weston’s dividend payout ratio (DPR) is presently 19.23%.

Institutional Investors Weigh In On Lamb Weston

Several large investors have recently made changes to their positions in LW. Sei Investments Co. boosted its position in Lamb Weston by 20.0% during the 1st quarter. Sei Investments Co. now owns 207,710 shares of the specialty retailer’s stock worth $22,128,000 after purchasing an additional 34,553 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Lamb Weston by 66.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,643 shares of the specialty retailer’s stock worth $4,028,000 after buying an additional 15,364 shares during the period. Empowered Funds LLC acquired a new stake in shares of Lamb Weston in the first quarter valued at about $810,000. Confluence Investment Management LLC purchased a new stake in shares of Lamb Weston during the 2nd quarter valued at about $7,937,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of Lamb Weston during the 1st quarter valued at about $28,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

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.