Lamb Weston Holdings, Inc. (NYSE:LW) Receives $117.40 Average Price Target from Brokerages

Shares of Lamb Weston Holdings, Inc. (NYSE:LW) have received an average rating of “Buy” from the ten research firms that are covering the firm, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have covered the stock in the last year is $117.40.

A number of research firms recently weighed in on LW. BNP Paribas started coverage on shares of Lamb Weston in a research report on Monday, March 11th. They issued an “outperform” rating and a $128.00 target price for the company. Stifel Nicolaus dropped their price objective on Lamb Weston from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Citigroup decreased their target price on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a research note on Monday, April 8th. Barclays dropped their price target on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating on the stock in a research report on Monday, April 8th. Finally, Wells Fargo & Company lowered their price objective on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a research note on Friday, April 5th.

Institutional Trading of Lamb Weston

Several institutional investors have recently added to or reduced their stakes in LW. WFA Asset Management Corp raised its holdings in Lamb Weston by 248.6% in the 1st quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 174 shares in the last quarter. VisionPoint Advisory Group LLC raised its holdings in Lamb Weston by 113.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 161 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new position in Lamb Weston in the 1st quarter valued at $32,000. Vima LLC acquired a new position in shares of Lamb Weston during the 4th quarter worth $50,000. Finally, Headlands Technologies LLC acquired a new position in shares of Lamb Weston during the 4th quarter worth $51,000. 89.56% of the stock is currently owned by institutional investors.

Lamb Weston Stock Performance

Shares of LW opened at $85.08 on Friday. The firm has a market cap of $12.28 billion, a P/E ratio of 11.36, a PEG ratio of 1.38 and a beta of 0.79. Lamb Weston has a twelve month low of $77.41 and a twelve month high of $117.38. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.52 and a current ratio of 1.19. The firm’s 50 day moving average price is $93.67 and its two-hundred day moving average price is $98.47.

Lamb Weston (NYSE:LW) last released its earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.20). Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the company posted $1.43 EPS. Lamb Weston’s revenue for the quarter was up 16.3% on a year-over-year basis. On average, analysts forecast that Lamb Weston will post 5.54 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be paid a $0.36 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.44 annualized dividend and a yield of 1.69%. Lamb Weston’s dividend payout ratio (DPR) is presently 19.23%.

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.