Brokerages Set Lamb Weston Holdings, Inc. (NYSE:LW) PT at $69.91

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

LW has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $57.00 target price on shares of Lamb Weston in a research note on Wednesday, March 19th. Stifel Nicolaus set a $56.00 price objective on shares of Lamb Weston and gave the company a "hold" rating in a research note on Thursday, April 24th. StockNews.com upgraded shares of Lamb Weston from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Jefferies Financial Group cut their price objective on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Finally, Barclays cut their price objective on shares of Lamb Weston from $69.00 to $61.00 and set an "overweight" rating on the stock in a research note on Monday, May 12th.

Hedge Funds Weigh In On Lamb Weston

A number of institutional investors have recently bought and sold shares of the stock. Allworth Financial LP increased its stake in Lamb Weston by 16.1% in the 4th quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer's stock worth $74,000 after purchasing an additional 170 shares in the last quarter. Romano Brothers AND Company increased its stake in Lamb Weston by 1.4% in the 1st quarter. Romano Brothers AND Company now owns 15,260 shares of the specialty retailer's stock worth $813,000 after purchasing an additional 218 shares in the last quarter. Blair William & Co. IL boosted its position in Lamb Weston by 3.2% during the 4th quarter. Blair William & Co. IL now owns 7,130 shares of the specialty retailer's stock worth $476,000 after acquiring an additional 219 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in Lamb Weston by 2.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 10,971 shares of the specialty retailer's stock worth $585,000 after acquiring an additional 219 shares during the period. Finally, Atria Investments Inc boosted its position in 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 acquiring an additional 227 shares during the period. Hedge funds and other institutional investors own 89.56% of the company's stock.

Lamb Weston Stock Performance

LW stock traded up $2.02 during mid-day trading on Tuesday, reaching $53.81. The company had a trading volume of 2,213,095 shares, compared to its average volume of 2,657,694. 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 stock has a market capitalization of $7.59 billion, a P/E ratio of 21.27, a P/E/G ratio of 1.40 and a beta of 0.46. Lamb Weston has a one year low of $47.90 and a one year high of $89.51. The stock's 50-day simple moving average is $53.03 and its two-hundred day simple moving average is $61.49.

Lamb Weston (NYSE:LW - Get Free Report) last posted its earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.23. The company had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.50 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The firm's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the business posted $1.20 earnings per share. Research analysts anticipate that Lamb Weston will post 3.1 EPS for the current year.

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be paid a $0.37 dividend. The ex-dividend date is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.75%. Lamb Weston's dividend payout ratio is currently 58.04%.

About Lamb Weston

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.