Lamb Weston (NYSE:LW) Price Target Raised to $76.00

Lamb Weston (NYSE:LW) had its price objective hoisted by Citigroup from $75.00 to $76.00 in a research note issued to investors on Thursday morning, Benzinga reports. Citigroup currently has a buy rating on the specialty retailer’s stock.

Several other equities analysts have also recently weighed in on LW. The Goldman Sachs Group lowered their price target on Lamb Weston from $132.00 to $78.00 and set a buy rating on the stock in a report on Thursday, July 25th. JPMorgan Chase & Co. cut their price target on Lamb Weston from $108.00 to $63.00 and set an overweight rating for the company in a research note on Thursday, July 25th. Bank of America upped their price target on shares of Lamb Weston from $66.00 to $68.00 and gave the company a neutral rating in a research report on Tuesday, September 17th. Stifel Nicolaus raised their price objective on shares of Lamb Weston from $60.00 to $65.00 and gave the stock a hold rating in a report on Thursday. Finally, Consumer Edge cut shares of Lamb Weston from an overweight rating to an equal weight rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $82.40.

Lamb Weston Trading Up 0.8 %

Lamb Weston stock opened at $68.85 on Thursday. Lamb Weston has a one year low of $52.99 and a one year high of $111.88. The business’s fifty day moving average is $62.37 and its 200 day moving average is $77.09. The stock has a market capitalization of $9.94 billion, a PE ratio of 9.19, a price-to-earnings-growth ratio of 6.18 and a beta of 0.75. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.29 and a quick ratio of 0.59.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.55 billion. Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the business posted $1.63 earnings per share. On average, sell-side analysts predict that Lamb Weston will post 4.54 EPS for the current year.

Lamb Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a yield of 2.09%. Lamb Weston’s dividend payout ratio is presently 19.23%.

Insider Transactions at Lamb Weston

In other Lamb Weston news, Director William G. Jurgensen bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were bought at an average price of $55.43 per share, with a total value of $554,300.00. Following the purchase, the director now owns 173,377 shares of the company’s stock, valued at $9,610,287.11. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.66% of the company’s stock.

Institutional Trading of Lamb Weston

Institutional investors and hedge funds have recently bought and sold shares of the stock. Avantax Advisory Services Inc. increased its holdings in shares of Lamb Weston by 3.7% in the first quarter. Avantax Advisory Services Inc. now owns 3,806 shares of the specialty retailer’s stock worth $405,000 after purchasing an additional 135 shares during the last quarter. Somerset Trust Co raised its holdings in shares of Lamb Weston by 4.5% during the 1st quarter. Somerset Trust Co now owns 3,401 shares of the specialty retailer’s stock worth $362,000 after acquiring an additional 145 shares in the last quarter. Camarda Financial Advisors LLC boosted its position in shares of Lamb Weston by 0.9% during the 1st quarter. Camarda Financial Advisors LLC now owns 16,389 shares of the specialty retailer’s stock valued at $1,746,000 after acquiring an additional 151 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Lamb Weston by 31.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 655 shares of the specialty retailer’s stock valued at $70,000 after purchasing an additional 158 shares in the last quarter. Finally, Summit Financial Wealth Advisors LLC increased its position in Lamb Weston by 1.2% in the first quarter. Summit Financial Wealth Advisors LLC now owns 13,556 shares of the specialty retailer’s stock worth $1,444,000 after purchasing an additional 161 shares during the last quarter. 89.56% of the stock is currently 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.