Lamb Weston Holdings, Inc. (NYSE:LW – Get Free Report) has earned a consensus recommendation of “Hold” from the thirteen brokerages that are presently covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $81.00.
A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Wells Fargo & Company upped their target price on shares of Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, October 3rd. Citigroup cut shares of Lamb Weston from a “buy” rating to a “neutral” rating and reduced their target price for the company from $90.00 to $68.00 in a report on Friday, December 20th. Stifel Nicolaus reduced their target price on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a report on Friday, December 20th. Finally, Bank of America upped their target price on shares of Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, October 21st.
Insider Transactions at Lamb Weston
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nicola Wealth Management LTD. purchased a new stake in shares of Lamb Weston in the third quarter valued at about $6,474,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Lamb Weston in the second quarter valued at about $3,279,000. Clarkston Capital Partners LLC lifted its holdings in shares of Lamb Weston by 108.7% in the third quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock valued at $201,207,000 after purchasing an additional 1,618,570 shares in the last quarter. Insight Wealth Strategies LLC lifted its holdings in shares of Lamb Weston by 36.0% in the fourth quarter. Insight Wealth Strategies LLC now owns 61,950 shares of the specialty retailer’s stock valued at $4,140,000 after purchasing an additional 16,412 shares in the last quarter. Finally, Citigroup Inc. lifted its holdings in shares of Lamb Weston by 39.3% in the third quarter. Citigroup Inc. now owns 156,242 shares of the specialty retailer’s stock valued at $10,115,000 after purchasing an additional 44,057 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.
Lamb Weston Price Performance
Shares of LW opened at $59.74 on Wednesday. Lamb Weston has a 1-year low of $52.99 and a 1-year high of $110.61. The stock has a market cap of $8.52 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 1.42 and a beta of 0.73. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. The firm has a fifty day moving average price of $72.55 and a 200 day moving average price of $69.81.
Lamb Weston (NYSE:LW – Get Free Report) last announced its quarterly earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the firm earned $1.45 earnings per share. Lamb Weston’s revenue was down 7.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Lamb Weston will post 4.26 EPS for the current year.
Lamb Weston Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.48%. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, January 31st. Lamb Weston’s payout ratio is 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.
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