Lamb Weston Holdings, Inc. (NYSE:LW) Receives Average Recommendation of “Hold” from Brokerages

Lamb Weston Holdings, Inc. (NYSE:LW – Get Rating) has received a consensus rating of “Hold” from the six ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $69.20.

LW has been the topic of several research analyst reports. Zacks Investment Research cut Lamb Weston from a “hold” rating to a “sell” rating and set a $54.00 price objective on the stock. in a research note on Wednesday, March 9th. JPMorgan Chase & Co. dropped their target price on Lamb Weston from $79.00 to $74.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 22nd. StockNews.com initiated coverage on Lamb Weston in a research report on Thursday, March 31st. They set a “hold” rating on the stock. The Goldman Sachs Group lowered their price objective on Lamb Weston from $70.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, March 16th. Finally, Jefferies Financial Group lowered their price objective on Lamb Weston from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, March 29th.

Shares of NYSE LW traded up $0.75 during midday trading on Friday, hitting $63.17. The company’s stock had a trading volume of 846,321 shares, compared to its average volume of 1,325,658. The company has a current ratio of 2.63, a quick ratio of 1.59 and a debt-to-equity ratio of 6.87. The business’s 50 day moving average is $62.18 and its two-hundred day moving average is $61.48. Lamb Weston has a 12-month low of $49.71 and a 12-month high of $85.72. The firm has a market cap of $9.12 billion, a P/E ratio of 39.73, a price-to-earnings-growth ratio of 2.31 and a beta of 0.57.

Lamb Weston (NYSE:LW – Get Rating) last issued its quarterly earnings results on Thursday, April 7th. The specialty retailer reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.29. Lamb Weston had a return on equity of 66.02% and a net margin of 5.93%. The firm had revenue of $955.00 million for the quarter, compared to the consensus estimate of $972.64 million. During the same period in the prior year, the business posted $0.45 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, analysts predict that Lamb Weston will post 1.93 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 3rd. Investors of record on Friday, May 6th will be paid a dividend of $0.245 per share. The ex-dividend date of this dividend is Thursday, May 5th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.55%. Lamb Weston’s payout ratio is currently 61.64%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP increased its holdings in Lamb Weston by 30.9% in the fourth quarter. Allworth Financial LP now owns 703 shares of the specialty retailer’s stock valued at $45,000 after buying an additional 166 shares in the last quarter. Summit Financial Wealth Advisors LLC boosted its position in Lamb Weston by 1.3% during the first quarter. Summit Financial Wealth Advisors LLC now owns 13,216 shares of the specialty retailer’s stock worth $792,000 after acquiring an additional 170 shares during the last quarter. Arizona State Retirement System boosted its position in Lamb Weston by 0.4% during the first quarter. Arizona State Retirement System now owns 39,485 shares of the specialty retailer’s stock worth $2,366,000 after acquiring an additional 171 shares during the last quarter. CWM LLC boosted its position in Lamb Weston by 5.1% during the first quarter. CWM LLC now owns 3,560 shares of the specialty retailer’s stock worth $213,000 after acquiring an additional 173 shares during the last quarter. Finally, Private Capital Group LLC boosted its holdings in shares of Lamb Weston by 8.0% in the 1st quarter. Private Capital Group LLC now owns 2,411 shares of the specialty retailer’s stock valued at $144,000 after purchasing an additional 178 shares during the last quarter. Institutional investors own 93.23% of the company’s stock.

About Lamb Weston (Get Rating)

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.

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