Lamb Weston Holdings, Inc. (NYSE:LW) Receives $71.27 Consensus Price Target from Analysts

Shares of Lamb Weston Holdings, Inc. (NYSE:LW) have received an average recommendation of “Hold” from the twelve analysts that are currently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $71.27.

Several brokerages have recently issued reports on LW. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $57.00 price target on shares of Lamb Weston in a research note on Wednesday, March 19th. StockNews.com raised shares of Lamb Weston to a “sell” rating in a research note on Monday, February 24th. Barclays cut their target price on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. Stifel Nicolaus decreased their price target on shares of Lamb Weston from $68.00 to $63.00 and set a “hold” rating for the company in a report on Friday, April 4th. Finally, Wells Fargo & Company dropped their price objective on Lamb Weston from $72.00 to $66.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Allworth Financial LP increased its stake in shares of Lamb Weston by 16.1% in the 4th quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer’s stock valued at $74,000 after acquiring an additional 170 shares in the last quarter. Romano Brothers AND Company increased its stake in Lamb Weston by 1.4% in the first quarter. Romano Brothers AND Company now owns 15,260 shares of the specialty retailer’s stock valued at $813,000 after purchasing an additional 218 shares in the last quarter. Blair William & Co. IL raised its holdings in shares of Lamb Weston by 3.2% during the fourth quarter. Blair William & Co. IL now owns 7,130 shares of the specialty retailer’s stock valued at $476,000 after purchasing an additional 219 shares during the period. Atria Investments Inc boosted its position in shares of Lamb Weston by 3.2% during the 4th quarter. Atria Investments Inc now owns 7,255 shares of the specialty retailer’s stock worth $485,000 after purchasing an additional 227 shares in the last quarter. Finally, Norinchukin Bank The increased its position in Lamb Weston by 4.0% in the 4th quarter. Norinchukin Bank The now owns 5,873 shares of the specialty retailer’s stock valued at $392,000 after buying an additional 227 shares in the last quarter. 89.56% of the stock is owned by institutional investors.

Lamb Weston Trading Up 0.1 %

Shares of LW stock opened at $53.45 on Friday. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. The company has a market capitalization of $7.54 billion, a P/E ratio of 21.13, a P/E/G ratio of 1.40 and a beta of 0.48. Lamb Weston has a 12-month low of $47.90 and a 12-month high of $89.51. The firm has a 50-day moving average price of $53.86 and a 200 day moving average price of $64.60.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.23. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The business’s revenue was up 4.3% on a year-over-year basis. Research analysts forecast that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 annualized dividend and a yield of 2.77%. Lamb Weston’s dividend payout ratio is 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.