Lamb Weston Holdings, Inc. (NYSE:LW) Receives $82.22 Average Price Target from Analysts

Lamb Weston Holdings, Inc. (NYSE:LW) has earned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $82.22.

A number of research analysts recently issued reports on LW shares. Citigroup boosted their price objective on shares of Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Stifel Nicolaus upped their price objective on shares of Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Barclays lifted 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. TD Cowen raised 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. Finally, Bank of America boosted 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.

Hedge Funds Weigh In On Lamb Weston

Large investors have recently modified their holdings of the business. Avantax Advisory Services Inc. raised its position in Lamb Weston by 3.7% during the first quarter. Avantax Advisory Services Inc. now owns 3,806 shares of the specialty retailer’s stock worth $405,000 after acquiring an additional 135 shares in the last quarter. City State Bank lifted its stake in Lamb Weston by 56.2% in 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 during the last quarter. Kornitzer Capital Management Inc. KS grew its holdings in Lamb Weston by 0.8% during the third quarter. Kornitzer Capital Management Inc. KS now owns 18,756 shares of the specialty retailer’s stock worth $1,214,000 after purchasing an additional 156 shares during the period. Bahl & Gaynor Inc. increased its position in Lamb Weston by 2.4% during the first quarter. Bahl & Gaynor Inc. now owns 7,018 shares of the specialty retailer’s stock worth $748,000 after buying an additional 166 shares during the last quarter. Finally, Bridges Investment Management Inc. raised its stake in Lamb Weston by 2.8% in the third quarter. Bridges Investment Management Inc. now owns 6,648 shares of the specialty retailer’s stock valued at $430,000 after buying an additional 181 shares during the period. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Stock Up 0.2 %

Shares of NYSE LW opened at $76.92 on Tuesday. Lamb Weston has a 1 year low of $52.99 and a 1 year high of $111.88. The firm’s 50-day moving average is $73.11 and its 200-day moving average is $74.01. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. The firm has a market capitalization of $10.97 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 1.37 and a beta of 0.72.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) 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 net margin of 9.57% and a return on equity of 34.33%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the firm earned $1.63 earnings per share. Equities analysts expect that Lamb Weston will post 4.26 EPS for the current year.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Friday, November 1st. Lamb Weston’s dividend payout ratio is presently 33.80%.

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.