Lamb Weston (NYSE:LW) Price Target Raised to $95.00 at Jefferies Financial Group

Lamb Weston (NYSE:LW) had its target price upped by Jefferies Financial Group from $80.00 to $95.00 in a report issued on Tuesday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the specialty retailer’s stock.

Several other analysts have also recently commented on the company. Barclays boosted their price target on Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. TD Cowen increased their target price on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, September 24th. Wells Fargo & Company boosted their price target on shares of Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. Sanford C. Bernstein assumed coverage on shares of Lamb Weston in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 target price on the stock. Finally, Bank of America upped their price target on Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $84.25.

Lamb Weston Stock Performance

LW opened at $62.50 on Tuesday. The firm’s fifty day simple moving average is $76.94 and its two-hundred day simple moving average is $72.75. Lamb Weston has a 52-week low of $52.99 and a 52-week high of $111.88. The company has a market cap of $8.91 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 1.34 and a beta of 0.70. 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 (NYSE:LW) last issued 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 in the prior year, the business posted $1.45 earnings per share. The company’s quarterly revenue was down 7.5% compared to the same quarter last year. Equities analysts anticipate that Lamb Weston will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 1st were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend was Friday, November 1st. Lamb Weston’s payout ratio is 33.80%.

Institutional Trading of Lamb Weston

Several institutional investors and hedge funds have recently bought and sold shares of LW. Southpoint Capital Advisors LP acquired a new stake in shares of Lamb Weston during the third quarter valued at about $129,480,000. Clarkston Capital Partners LLC boosted its position in shares of Lamb Weston by 108.7% during the 3rd quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock worth $201,207,000 after purchasing an additional 1,618,570 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in Lamb Weston in the 3rd quarter valued at approximately $86,883,000. TPG GP A LLC raised its position in Lamb Weston by 74.4% in the second quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer’s stock valued at $245,869,000 after purchasing an additional 1,247,206 shares during the period. Finally, Marshall Wace LLP lifted its stake in Lamb Weston by 78.5% during the second quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer’s stock worth $158,790,000 after purchasing an additional 830,511 shares in the last quarter. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

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.