Lamb Weston Holdings, Inc. (NYSE:LW – Get 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
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:LW – Get 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
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.
- Get a free copy of the StockNews.com research report on Lamb Weston (LW)
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