Lamb Weston (NYSE:LW) Stock Now Rated "Hold" by Wall Street Brokerages

Key Points

• Analysts have a consensus “Hold” rating on Lamb Weston, with 10 of 14 covering analysts rating it Hold, three Buy, and one Strong Buy. Their average 12-month price target is $53.82.
• Lamb Weston beat quarterly expectations, reporting adjusted earnings of $0.75 per share versus $0.59 expected and revenue of $1.67 billion versus $1.65 billion expected. Revenue increased 0.7% year over year.
• The company declared a quarterly dividend of $0.38 per share, equivalent to $1.52 annually and a 2.7% yield.

Shares of Lamb Weston (NYSE:LW - Get Free Report) have received a consensus rating of "Hold" from the fourteen analysts that are presently covering the company, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $53.82.

A number of brokerages have commented on LW. Zacks Research upgraded Lamb Weston from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 9th. Stifel Nicolaus increased their price objective on shares of Lamb Weston from $45.00 to $52.00 and gave the company a "hold" rating in a report on Monday, July 27th. TD Cowen raised their target price on shares of Lamb Weston from $40.00 to $52.00 and gave the stock a "hold" rating in a report on Tuesday, July 28th. Weiss Ratings upgraded shares of Lamb Weston from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, October 23rd. Finally, Freedom Broker started coverage on shares of Lamb Weston in a report on Wednesday, November 4th. They set a "hold" rating for the company.

Institutional Investors Weigh In On Lamb Weston

Several large investors have recently made changes to their positions in the stock. Global Retirement Partners LLC raised its stake in shares of Lamb Weston by 10.0% during the third quarter. Global Retirement Partners LLC now owns 2,058 shares of the specialty retailer's stock valued at $86,000 after purchasing an additional 187 shares during the period. Allworth Financial LP lifted its position in Lamb Weston by 3.5% in the 3rd quarter. Allworth Financial LP now owns 7,512 shares of the specialty retailer's stock valued at $324,000 after purchasing an additional 252 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in Lamb Weston by 0.3% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 119,149 shares of the specialty retailer's stock valued at $4,967,000 after buying an additional 383 shares in the last quarter. Parallel Advisors LLC grew its holdings in Lamb Weston by 26.4% during the first quarter. Parallel Advisors LLC now owns 1,933 shares of the specialty retailer's stock worth $82,000 after acquiring an additional 404 shares during the period. Finally, Beacon Investment Advisory Services Inc. raised its holdings in Lamb Weston by 8.9% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 6,158 shares of the specialty retailer's stock worth $266,000 after buying an additional 505 shares during the period. Institutional investors and hedge funds own 89.56% of the company's stock.

Lamb Weston Price Performance

Shares of LW stock traded up $0.90 during midday trading on Friday, reaching $56.13. 1,456,881 shares of the company traded hands, compared to its average volume of 1,798,379. Lamb Weston has a 1-year low of $37.62 and a 1-year high of $61.00. The firm has a market cap of $7.73 billion, a PE ratio of 30.67, a price-to-earnings-growth ratio of 2.00 and a beta of 0.49. The firm's 50 day simple moving average is $50.35 and its two-hundred day simple moving average is $47.21. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.45 and a quick ratio of 0.77.

Lamb Weston (NYSE:LW - Get Free Report) last posted its quarterly earnings data on Tuesday, October 6th. The specialty retailer reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.16. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.65 billion. Lamb Weston had a return on equity of 23.27% and a net margin of 3.85%. The business's revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 earnings per share. Lamb Weston has set its FY 2027 guidance at 3.050-3.350 EPS. On average, equities research analysts expect that Lamb Weston will post 3.24 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 6th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $1.52 dividend on an annualized basis and a yield of 2.7%. Lamb Weston's payout ratio is presently 83.06%.

About Lamb Weston

Lamb Weston Holdings, Inc. is a food company that produces and markets frozen potato products. Its offerings include French fries, sweet potato products and other potato-based sides and appetizers. The company serves foodservice customers, including restaurants and other commercial food providers, as well as retail customers through grocery stores and other channels. Its products are sold in North America and international markets. Lamb Weston traces its roots to a potato-processing business founded by Gilbert Lamb in 1950 in Weston, Oregon.

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