Brokerages Set Lamb Weston Holdings, Inc. (NYSE:LW) PT at $80.70

Lamb Weston Holdings, Inc. (NYSE:LW) has received an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $82.40.

Several analysts have recently issued reports on LW shares. JPMorgan Chase & Co. reduced their price objective on Lamb Weston from $108.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Citigroup upped their price target on Lamb Weston from $75.00 to $76.00 and gave the stock a “buy” rating in a research note on Thursday. The Goldman Sachs Group reduced their price target on Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Barclays increased their target price on Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday. Finally, TD Cowen raised their price target on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, September 24th.

Insider Buying and Selling

In related news, Director William G. Jurgensen bought 10,000 shares of Lamb Weston stock in a transaction dated Friday, July 26th. The stock was purchased at an average cost of $55.43 per share, with a total value of $554,300.00. Following the transaction, the director now directly owns 173,377 shares of the company’s stock, valued at approximately $9,610,287.11. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.66% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lamb Weston

A number of large investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC grew its position in Lamb Weston by 2.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 14,036 shares of the specialty retailer’s stock valued at $1,517,000 after purchasing an additional 334 shares during the last quarter. Stifel Financial Corp raised its stake in Lamb Weston by 51.7% during the 4th quarter. Stifel Financial Corp now owns 164,922 shares of the specialty retailer’s stock worth $17,827,000 after acquiring an additional 56,180 shares during the period. Treasurer of the State of North Carolina raised its stake in Lamb Weston by 0.9% during the 4th quarter. Treasurer of the State of North Carolina now owns 66,308 shares of the specialty retailer’s stock worth $7,167,000 after acquiring an additional 620 shares during the period. Bank of Nova Scotia grew its holdings in Lamb Weston by 31.5% during the 4th quarter. Bank of Nova Scotia now owns 17,870 shares of the specialty retailer’s stock valued at $1,932,000 after buying an additional 4,280 shares in the last quarter. Finally, NEOS Investment Management LLC purchased a new stake in Lamb Weston during the 4th quarter valued at approximately $222,000. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Performance

Shares of Lamb Weston stock opened at $68.86 on Monday. The business has a 50-day moving average of $62.37 and a 200 day moving average of $77.28. Lamb Weston has a 12 month low of $52.99 and a 12 month high of $111.88. The stock has a market capitalization of $9.94 billion, a price-to-earnings ratio of 9.19, a price-to-earnings-growth ratio of 6.18 and a beta of 0.75. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.29 and a quick ratio of 0.59.

Lamb Weston (NYSE:LW) last posted its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. The firm’s revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.63 earnings per share. As a group, sell-side analysts forecast that Lamb Weston will post 4.54 earnings per share for the current year.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, November 1st. This represents a $1.44 annualized dividend and a dividend yield of 2.09%. Lamb Weston’s dividend payout ratio is currently 19.23%.

Lamb Weston Company Profile

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.