Lamb Weston Holdings, Inc. (NYSE:LW) Receives $82.22 Average Target Price from Analysts

Shares of Lamb Weston Holdings, Inc. (NYSE:LW) have earned an average rating of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $82.22.

Several research firms recently issued reports on LW. Wells Fargo & Company boosted their price target on Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. Bank of America lifted their price objective on shares of Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $68.00 target price (up from $63.00) on shares of Lamb Weston in a report on Monday, October 7th. Citigroup boosted their price target on Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Barclays lifted their price objective on Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, October 4th.

Lamb Weston Trading Down 0.2 %

Shares of Lamb Weston stock opened at $76.78 on Tuesday. The stock has a market cap of $10.95 billion, a P/E ratio of 18.02, a P/E/G ratio of 1.38 and a beta of 0.72. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. Lamb Weston has a 12-month low of $52.99 and a 12-month high of $111.88. The business’s 50 day moving average is $73.11 and its 200-day moving average is $73.87.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the business earned $1.63 earnings per share. The business’s revenue was down .7% compared to the same quarter last year. Equities research analysts predict that Lamb Weston will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

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 given a dividend of $0.36 per share. The ex-dividend date is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.88%. Lamb Weston’s dividend payout ratio (DPR) is 33.80%.

Institutional Investors Weigh In On Lamb Weston

A number of institutional investors have recently modified their holdings of LW. City State Bank boosted its position in shares of Lamb Weston by 56.2% during the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Lamb Weston during the 1st quarter worth approximately $28,000. Crewe Advisors LLC grew its position in shares of Lamb Weston by 357.5% during the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after buying an additional 261 shares during the period. Northwest Investment Counselors LLC acquired a new position in shares of Lamb Weston during the 3rd quarter valued at $29,000. Finally, GAMMA Investing LLC lifted its position in shares of Lamb Weston by 135.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 220 shares during the period. 89.56% of the stock is owned by institutional investors.

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.