Lamb Weston (NYSE:LW) Price Target Raised to $55.00

Lamb Weston (NYSE:LW) had its target price raised by Stephens from $46.00 to $55.00 in a research report released on Tuesday morning, Marketbeat reports. They currently have an equal weight rating on the specialty retailer’s stock.

A number of other equities research analysts also recently commented on the company. Barclays lifted their target price on Lamb Weston from $50.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $52.00 price target on shares of Lamb Weston in a report on Monday. Stifel Nicolaus raised their price target on shares of Lamb Weston from $45.00 to $52.00 and gave the stock a “hold” rating in a research report on Monday. BNP Paribas Exane decreased their price objective on shares of Lamb Weston from $48.00 to $41.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Finally, Bank of America decreased their price objective on shares of Lamb Weston from $49.00 to $47.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Three investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $53.36.

Lamb Weston Price Performance

NYSE LW opened at $53.63 on Tuesday. The company has a market cap of $7.37 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 2.41 and a beta of 0.47. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.42 and a quick ratio of 0.74. The stock’s fifty day moving average price is $45.62 and its 200 day moving average price is $44.63. Lamb Weston has a 1 year low of $37.62 and a 1 year high of $67.07.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Friday, July 24th. The specialty retailer reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.24. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Lamb Weston had a return on equity of 23.33% and a net margin of 4.39%.The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.87 EPS. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. As a group, equities research analysts forecast that Lamb Weston will post 3.05 earnings per share for the current year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 7th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, August 7th. Lamb Weston’s payout ratio is 73.08%.

Institutional Trading of Lamb Weston

A number of hedge funds have recently modified their holdings of the stock. Arnhold LLC increased its holdings in shares of Lamb Weston by 710.2% during the 4th quarter. Arnhold LLC now owns 38,217 shares of the specialty retailer’s stock valued at $1,601,000 after purchasing an additional 33,500 shares in the last quarter. Dana Investment Advisors Inc. lifted its stake in shares of Lamb Weston by 44.8% in the 4th quarter. Dana Investment Advisors Inc. now owns 89,991 shares of the specialty retailer’s stock valued at $3,770,000 after purchasing an additional 27,835 shares during the period. Principal Financial Group Inc. boosted its holdings in Lamb Weston by 349.1% during the first quarter. Principal Financial Group Inc. now owns 690,493 shares of the specialty retailer’s stock worth $29,180,000 after buying an additional 536,745 shares in the last quarter. Texas Yale Capital Corp. purchased a new stake in Lamb Weston during the fourth quarter worth $1,264,000. Finally, Easterly Investment Partners LLC acquired a new stake in Lamb Weston during the fourth quarter valued at $3,071,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

About Lamb Weston

Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company’s portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.

Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world’s largest producers of frozen potato products.