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

Lamb Weston Holdings, Inc. (NYSE:LWGet Rating) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $88.20.

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on Lamb Weston from $98.00 to $101.00 and gave the stock an “overweight” rating in a research report on Thursday, October 6th. StockNews.com lowered Lamb Weston from a “buy” rating to a “hold” rating in a research report on Saturday, November 19th. Stifel Nicolaus lifted their price target on Lamb Weston from $82.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, October 6th. The Goldman Sachs Group lifted their price target on Lamb Weston from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, October 12th. Finally, Bank of America lifted their price target on Lamb Weston from $90.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, October 6th.

Insider Transactions at Lamb Weston

In other news, SVP Sharon L. Miller sold 4,678 shares of the business’s stock in a transaction on Thursday, October 13th. The stock was sold at an average price of $85.00, for a total transaction of $397,630.00. Following the completion of the sale, the senior vice president now owns 59,678 shares in the company, valued at $5,072,630. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lamb Weston

Several large investors have recently modified their holdings of the business. RE Dickinson Investment Advisors LLC boosted its position in shares of Lamb Weston by 16.8% during the third quarter. RE Dickinson Investment Advisors LLC now owns 862 shares of the specialty retailer’s stock worth $67,000 after buying an additional 124 shares during the period. Hunter Associates Investment Management LLC boosted its position in shares of Lamb Weston by 3.3% during the third quarter. Hunter Associates Investment Management LLC now owns 4,328 shares of the specialty retailer’s stock worth $324,000 after buying an additional 138 shares during the period. Parallel Advisors LLC boosted its position in shares of Lamb Weston by 12.1% during the second quarter. Parallel Advisors LLC now owns 1,379 shares of the specialty retailer’s stock worth $99,000 after buying an additional 149 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in Lamb Weston by 1.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 10,209 shares of the specialty retailer’s stock valued at $730,000 after purchasing an additional 152 shares during the last quarter. Finally, FDx Advisors Inc. boosted its position in Lamb Weston by 3.6% during the second quarter. FDx Advisors Inc. now owns 4,586 shares of the specialty retailer’s stock valued at $328,000 after purchasing an additional 160 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Lamb Weston Price Performance

NYSE:LW opened at $86.40 on Friday. The business’s 50-day moving average price is $82.37 and its 200 day moving average price is $76.42. The firm has a market cap of $12.43 billion, a P/E ratio of 31.19, a PEG ratio of 1.06 and a beta of 0.54. Lamb Weston has a 52-week low of $49.71 and a 52-week high of $88.04. The company has a quick ratio of 1.27, a current ratio of 2.09 and a debt-to-equity ratio of 5.29.

Lamb Weston (NYSE:LWGet Rating) last released its quarterly earnings results on Wednesday, October 5th. The specialty retailer reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.23. Lamb Weston had a return on equity of 93.98% and a net margin of 9.50%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the company posted $0.20 EPS. Lamb Weston’s revenue for the quarter was up 14.3% on a year-over-year basis. As a group, sell-side analysts predict that Lamb Weston will post 3.03 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 4th will be given a dividend of $0.245 per share. The ex-dividend date is Thursday, November 3rd. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.13%. Lamb Weston’s payout ratio is currently 35.38%.

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.

Further Reading

Analyst Recommendations for Lamb Weston (NYSE:LW)

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