Lamb Weston (NYSE:LW) Given New $66.00 Price Target at Bank of America

Lamb Weston (NYSE:LW) had its price objective raised by Bank of America from $60.00 to $66.00 in a report released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the specialty retailer’s stock.

A number of other research firms have also recently weighed in on LW. Sanford C. Bernstein set a $65.00 price target on Lamb Weston and gave the stock a “market perform” rating in a report on Wednesday. Wells Fargo & Company upped their price target on Lamb Weston from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday. Cowen reaffirmed a “hold” rating on shares of Lamb Weston in a report on Wednesday. JPMorgan Chase & Co. began coverage on Lamb Weston in a report on Wednesday, August 20th. They issued a “neutral” rating and a $57.00 price target for the company. Finally, Barclays upped their price target on Lamb Weston from $61.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Lamb Weston presently has an average rating of “Hold” and an average target price of $65.56.

Lamb Weston Stock Performance

Shares of LW stock opened at $62.10 on Wednesday. The stock has a market cap of $8.65 billion, a PE ratio of 29.71, a price-to-earnings-growth ratio of 2.37 and a beta of 0.52. The business has a 50-day simple moving average of $55.96 and a 200-day simple moving average of $54.09. The company has a quick ratio of 0.68, a current ratio of 1.49 and a debt-to-equity ratio of 2.05. Lamb Weston has a 52-week low of $47.87 and a 52-week high of $83.98.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Tuesday, September 30th. The specialty retailer reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.21. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Lamb Weston had a return on equity of 28.08% and a net margin of 4.56%.The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 EPS. Lamb Weston has set its FY 2026 guidance at EPS. On average, equities analysts expect that Lamb Weston will post 3.1 EPS for the current year.

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, October 31st will be given a $0.37 dividend. The ex-dividend date is Friday, October 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.4%. Lamb Weston’s dividend payout ratio is 58.96%.

Institutional Investors Weigh In On Lamb Weston

Large investors have recently made changes to their positions in the stock. American National Bank & Trust purchased a new stake in shares of Lamb Weston in the second quarter valued at approximately $25,000. Wayfinding Financial LLC purchased a new stake in shares of Lamb Weston in the first quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Lamb Weston in the first quarter valued at approximately $28,000. ST Germain D J Co. Inc. grew its position in shares of Lamb Weston by 64.2% in the second quarter. ST Germain D J Co. Inc. now owns 537 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 210 shares in the last quarter. Finally, Whipplewood Advisors LLC grew its position in shares of Lamb Weston by 3,466.7% in the first quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 520 shares in the last quarter. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

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.