Lamb Weston Holdings, Inc. (NYSE:LW) Given Average Recommendation of “Moderate Buy” by Analysts

Lamb Weston Holdings, Inc. (NYSE:LWGet Rating) has received an average rating of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $88.20.

LW has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their target price on Lamb Weston from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, October 12th. JPMorgan Chase & Co. increased their target price on Lamb Weston from $98.00 to $101.00 and gave the company an “overweight” rating in a research note on Thursday, October 6th. TheStreet raised Lamb Weston from a “c+” rating to a “b” rating in a research note on Wednesday, October 5th. Stifel Nicolaus upped their price target on shares of Lamb Weston from $82.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, October 6th. Finally, StockNews.com lowered shares of Lamb Weston from a “buy” rating to a “hold” rating in a research report on Saturday, November 19th.

Insider Transactions at Lamb Weston

In other news, SVP Sharon L. Miller sold 4,678 shares of the stock in a transaction dated Thursday, October 13th. The shares were sold at an average price of $85.00, for a total transaction of $397,630.00. Following the completion of the sale, the senior vice president now directly owns 59,678 shares in the company, valued at $5,072,630. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.80% of the stock is currently owned by company insiders.

Institutional Trading of Lamb Weston

Institutional investors have recently modified their holdings of the company. Pinnacle Financial Partners Inc. purchased a new stake in Lamb Weston in the third quarter worth about $26,000. Crewe Advisors LLC purchased a new stake in Lamb Weston in the second quarter worth about $27,000. CX Institutional purchased a new stake in Lamb Weston in the second quarter worth about $28,000. Eagle Bay Advisors LLC purchased a new stake in Lamb Weston in the second quarter worth about $29,000. Finally, Bartlett & Co. LLC purchased a new stake in Lamb Weston in the second quarter worth about $30,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Lamb Weston Trading Up 0.3 %

Lamb Weston stock opened at $86.40 on Friday. The stock has a market cap of $12.43 billion, a P/E ratio of 31.19, a PEG ratio of 1.06 and a beta of 0.54. Lamb Weston has a fifty-two week low of $49.71 and a fifty-two week high of $88.04. The firm’s fifty day moving average price is $82.37 and its 200-day moving average price is $76.42. The company has a debt-to-equity ratio of 5.29, a quick ratio of 1.27 and a current ratio of 2.09.

Lamb Weston (NYSE:LWGet Rating) last released its earnings results on Wednesday, October 5th. The specialty retailer reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.23. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Lamb Weston had a return on equity of 93.98% and a net margin of 9.50%. The firm’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Equities research analysts forecast that Lamb Weston will post 3.03 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 4th will be issued a dividend of $0.245 per share. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.13%. Lamb Weston’s dividend payout ratio is currently 35.38%.

Lamb Weston Company Profile

(Get Rating)

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.

Further Reading

Analyst Recommendations for Lamb Weston (NYSE:LW)

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