Lamb Weston Holdings, Inc. (NYSE:LW) Receives $81.00 Average PT from Analysts

Lamb Weston Holdings, Inc. (NYSE:LWGet 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.

Get Our Latest Report on LW

Insider Transactions at Lamb Weston

In related news, Director Charles A. Blixt bought 1,200 shares of the stock in a transaction on Monday, December 23rd. The shares were bought at an average cost of $63.25 per share, for a total transaction of $75,900.00. Following the completion of the transaction, the director now owns 22,982 shares of the company’s stock, valued at $1,453,611.50. This represents a 5.51 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert A. Niblock bought 3,000 shares of the stock in a transaction on Monday, January 13th. The shares were bought at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the transaction, the director now directly owns 26,406 shares of the company’s stock, valued at $1,609,181.64. This trade represents a 12.82 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.72% of the company’s stock.

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:LWGet 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

(Get Free Report

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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Analyst Recommendations for Lamb Weston (NYSE:LW)

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