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

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

Several equities research analysts recently commented on LW shares. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $57.00 price target on shares of Lamb Weston in a report on Wednesday, March 19th. Stifel Nicolaus set a $56.00 target price on Lamb Weston and gave the stock a "hold" rating in a research note on Thursday, April 24th. Wells Fargo & Company reduced their price target on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Barclays dropped their price objective on shares of Lamb Weston from $69.00 to $61.00 and set an "overweight" rating for the company in a report on Monday, May 12th. Finally, Wall Street Zen upgraded shares of Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th.

Lamb Weston Price Performance

LW stock traded down $0.06 during midday trading on Friday, reaching $55.61. The stock had a trading volume of 1,189,599 shares, compared to its average volume of 2,645,305. Lamb Weston has a 52-week low of $47.90 and a 52-week high of $88.25. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. The company's fifty day simple moving average is $53.25 and its 200 day simple moving average is $58.71. The company has a market cap of $7.85 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 1.40 and a beta of 0.49.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.23. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The company had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the prior year, the company earned $1.20 EPS. Lamb Weston's revenue was up 4.3% compared to the same quarter last year. As a group, sell-side analysts predict that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 2nd were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.66%. The ex-dividend date was Friday, May 2nd. Lamb Weston's dividend payout ratio (DPR) is presently 58.04%.

Institutional Investors Weigh In On Lamb Weston

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wayfinding Financial LLC purchased a new position in shares of Lamb Weston during the 1st quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Lamb Weston during the first quarter worth $28,000. Whipplewood Advisors LLC boosted its position in shares of Lamb Weston by 3,466.7% during the first quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer's stock worth $29,000 after buying an additional 520 shares during the period. Putney Financial Group LLC acquired a new stake in shares of Lamb Weston in the fourth quarter valued at $34,000. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Lamb Weston in the 4th quarter valued at $35,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

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.