Lamb Weston Holdings, Inc. (NYSE:LW) Receives $69.91 Consensus Target Price from Analysts

Lamb Weston Holdings, Inc. (NYSE:LW - Get Free Report) has earned an average rating of "Hold" from the twelve brokerages that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $69.91.

Several research analysts have weighed in on LW shares. Wells Fargo & Company lowered their price objective on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. StockNews.com upgraded Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Stifel Nicolaus set a $56.00 target price on Lamb Weston and gave the company a "hold" rating in a research report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $57.00 price objective on shares of Lamb Weston in a report on Wednesday, March 19th. Finally, Barclays dropped their target price on Lamb Weston from $69.00 to $61.00 and set an "overweight" rating on the stock in a research report on Monday.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Wayfinding Financial LLC acquired a new stake in Lamb Weston in the 1st quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Lamb Weston in the first quarter valued at $28,000. Whipplewood Advisors LLC grew its position in shares of Lamb Weston by 3,466.7% in the first quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 520 shares during the last quarter. Putney Financial Group LLC bought a new position in Lamb Weston during the 4th quarter worth $34,000. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Lamb Weston during the 4th quarter worth $35,000. 89.56% of the stock is currently owned by institutional investors.

Lamb Weston Stock Up 0.4%

Shares of Lamb Weston stock traded up $0.22 during midday trading on Tuesday, reaching $51.63. 2,309,970 shares of the company's stock traded hands, compared to its average volume of 2,648,818. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46. The company's 50 day simple moving average is $52.99 and its 200 day simple moving average is $61.87. Lamb Weston has a 52 week low of $47.90 and a 52 week high of $89.51.

Lamb Weston (NYSE:LW - Get Free Report) last issued its earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (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 business had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the prior year, the firm posted $1.20 EPS. Lamb Weston's quarterly revenue was up 4.3% compared to the same quarter last year. Equities analysts expect that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 annualized dividend and a dividend yield of 2.87%. Lamb Weston's payout ratio is currently 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.