Lamb Weston Holdings, Inc. (NYSE:LW) Receives Consensus Rating of “Hold” from Brokerages

Lamb Weston Holdings, Inc. (NYSE:LW) has received an average rating of “Hold” from the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $82.36.

Several research firms have commented on LW. Deutsche Bank Aktiengesellschaft started coverage on shares of Lamb Weston in a report on Thursday. They issued a “hold” rating and a $81.00 price objective on the stock. TD Cowen raised their price objective on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, September 24th. Wells Fargo & Company increased 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. Bank of America lifted their target price on Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $68.00 target price (up from $63.00) on shares of Lamb Weston in a research report on Monday, October 7th.

Institutional Investors Weigh In On Lamb Weston

Large investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Lamb Weston by 34.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,010 shares of the specialty retailer’s stock worth $589,000 after buying an additional 1,786 shares in the last quarter. ORG Partners LLC bought a new stake in shares of Lamb Weston during the 2nd quarter valued at about $53,000. Blue Trust Inc. grew its holdings in shares of Lamb Weston by 251.6% during the 2nd quarter. Blue Trust Inc. now owns 436 shares of the specialty retailer’s stock worth $37,000 after acquiring an additional 312 shares during the period. TCW Group Inc. purchased a new stake in Lamb Weston in the second quarter worth $7,208,000. Finally, Raymond James & Associates increased its stake in shares of Lamb Weston by 237.1% in the 2nd quarter. Raymond James & Associates now owns 185,444 shares of the specialty retailer’s stock worth $15,592,000 after acquiring an additional 130,428 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Up 6.8 %

NYSE:LW opened at $79.29 on Friday. The stock has a 50-day moving average price of $76.48 and a two-hundred day moving average price of $73.05. Lamb Weston has a 1 year low of $52.99 and a 1 year high of $111.88. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. The stock has a market cap of $11.31 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.34 and a beta of 0.70.

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

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 1st were given a dividend of $0.36 per share. The ex-dividend date was Friday, November 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.82%. Lamb Weston’s dividend payout ratio is currently 33.80%.

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.