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

Lamb Weston Holdings, Inc. (NYSE:LW) has been assigned a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $74.55.

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $57.00 price objective on shares of Lamb Weston in a research report on Wednesday, March 19th. StockNews.com raised shares of Lamb Weston to a “sell” rating in a research note on Monday, February 24th. Stifel Nicolaus decreased their price objective on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a research report on Friday, December 20th. JPMorgan Chase & Co. lifted their target price on Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Finally, Barclays reduced their price target on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a report on Monday, December 23rd.

Insider Buying and Selling at Lamb Weston

In related news, Director Robert A. Niblock bought 3,000 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was bought at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the purchase, the director now directly owns 26,406 shares in the company, valued at approximately $1,609,181.64. The trade was a 12.82 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alberta Investment Management Corp acquired a new position in Lamb Weston during the 4th quarter valued at about $2,641,000. Atria Wealth Solutions Inc. acquired a new position in shares of Lamb Weston during the fourth quarter worth approximately $2,850,000. Leeward Investments LLC MA grew its holdings in Lamb Weston by 41.5% in the 4th quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer’s stock worth $10,457,000 after buying an additional 45,904 shares in the last quarter. HB Wealth Management LLC increased its position in Lamb Weston by 6.5% in the 4th quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer’s stock valued at $892,000 after acquiring an additional 817 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Lamb Weston by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer’s stock valued at $82,174,000 after acquiring an additional 16,092 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Trading Up 0.1 %

Shares of LW opened at $53.95 on Monday. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. Lamb Weston has a 12 month low of $47.90 and a 12 month high of $105.55. The stock has a market cap of $7.70 billion, a PE ratio of 21.32, a P/E/G ratio of 1.40 and a beta of 0.76. The stock’s 50-day moving average is $55.73 and its two-hundred day moving average is $65.88.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston’s dividend payout ratio is presently 58.50%.

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.