Analysts Set Lamb Weston Holdings, Inc. (NYSE:LW) Price Target at $69.91

Shares of Lamb Weston Holdings, Inc. (NYSE:LW) have earned an average rating of “Hold” from the twelve brokerages that are currently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $69.91.

Several equities analysts recently weighed in on the stock. Wells Fargo & Company dropped their price target on shares of Lamb Weston from $72.00 to $66.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $57.00 target price on shares of Lamb Weston in a research report on Wednesday, March 19th. Jefferies Financial Group dropped their target price on shares of Lamb Weston from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. StockNews.com raised shares of Lamb Weston from a “sell” rating to a “hold” rating in a research report on Thursday, May 8th. Finally, Barclays dropped their target price on shares of Lamb Weston from $69.00 to $61.00 and set an “overweight” rating on the stock in a research report on Monday.

Institutional Investors Weigh In On Lamb Weston

A number of hedge funds have recently modified their holdings of LW. Wayfinding Financial LLC bought a new stake in shares of Lamb Weston in the 1st quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Lamb Weston during the first quarter worth $28,000. Whipplewood Advisors LLC grew its position in shares of Lamb Weston by 3,466.7% in the first quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 520 shares in the last quarter. Putney Financial Group LLC bought a new stake in shares of Lamb Weston during the 4th quarter valued at $34,000. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Lamb Weston during the 4th quarter valued at $35,000. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Price Performance

Shares of NYSE LW opened at $51.63 on Tuesday. Lamb Weston has a fifty-two week low of $47.90 and a fifty-two week high of $89.51. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 1.40 and a beta of 0.46. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The firm’s 50-day simple moving average is $52.99 and its 200 day simple moving average is $61.87.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.23. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the firm earned $1.20 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, research analysts anticipate that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be issued a $0.37 dividend. The ex-dividend date is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.87%. Lamb Weston’s dividend payout ratio (DPR) is presently 58.04%.

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.