Brokerages Set Lamb Weston Holdings, Inc. (NYSE:LW) PT at $80.56

Lamb Weston Holdings, Inc. (NYSE:LW) has been given a consensus recommendation of “Moderate Buy” by the ten analysts that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $82.22.

LW has been the topic of several recent analyst reports. Consumer Edge cut Lamb Weston from an “overweight” rating to an “equal weight” rating in a report on Friday, July 26th. TD Cowen increased their price objective on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, September 24th. Barclays increased their target price on Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $68.00 price objective (up previously from $63.00) on shares of Lamb Weston in a research report on Monday, October 7th. Finally, Citigroup raised their price objective on Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd.

Institutional Trading of Lamb Weston

A number of hedge funds have recently modified their holdings of the stock. Avantax Advisory Services Inc. grew its stake in Lamb Weston by 3.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 3,806 shares of the specialty retailer’s stock valued at $405,000 after buying an additional 135 shares during the last quarter. City State Bank grew its position in shares of 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 purchasing an additional 150 shares during the last quarter. Camarda Financial Advisors LLC increased its stake in shares of Lamb Weston by 0.9% during the first quarter. Camarda Financial Advisors LLC now owns 16,389 shares of the specialty retailer’s stock worth $1,746,000 after purchasing an additional 151 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in Lamb Weston by 31.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 655 shares of the specialty retailer’s stock worth $70,000 after purchasing an additional 158 shares during the last quarter. Finally, Summit Financial Wealth Advisors LLC boosted its stake in Lamb Weston by 1.2% in the 1st quarter. Summit Financial Wealth Advisors LLC now owns 13,556 shares of the specialty retailer’s stock valued at $1,444,000 after purchasing an additional 161 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Stock Down 0.3 %

NYSE:LW opened at $77.41 on Friday. 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 has a 12-month low of $52.99 and a 12-month high of $111.88. The stock’s fifty day simple moving average is $67.07 and its 200-day simple moving average is $74.48. The firm has a market capitalization of $11.18 billion, a P/E ratio of 10.34, a P/E/G ratio of 1.38 and a beta of 0.75.

Lamb Weston (NYSE:LW) last released 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 business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. Lamb Weston’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.63 EPS. Equities research analysts expect that Lamb Weston will post 4.26 earnings per share for the current year.

Lamb Weston Announces Dividend

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 issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Friday, November 1st. Lamb Weston’s payout ratio is presently 19.23%.

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.