Analysts Set Lamb Weston Holdings, Inc. (NYSE:LW) PT at $117.20

Shares of Lamb Weston Holdings, Inc. (NYSE:LW) have been given an average rating of “Moderate Buy” by the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $87.70.

A number of equities analysts recently commented on LW shares. Citigroup decreased their price target on Lamb Weston from $106.00 to $104.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. JPMorgan Chase & Co. lowered their price target on Lamb Weston from $108.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. The Goldman Sachs Group reduced their price objective on Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Stifel Nicolaus lowered shares of Lamb Weston from a “buy” rating to a “hold” rating and lowered their target price for the company from $115.00 to $60.00 in a research note on Thursday, July 25th. Finally, Consumer Edge downgraded shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 26th.

Insider Transactions at Lamb Weston

In other Lamb Weston news, Director William G. Jurgensen purchased 10,000 shares of the stock in a transaction dated Friday, July 26th. The shares were bought at an average cost of $55.43 per share, with a total value of $554,300.00. Following the completion of the acquisition, the director now owns 173,377 shares of the company’s stock, valued at $9,610,287.11. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.66% of the company’s stock.

Institutional Investors Weigh In On Lamb Weston

A number of institutional investors have recently added to or reduced their stakes in the company. WFA Asset Management Corp raised its holdings in shares of Lamb Weston by 248.6% in the 1st quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 174 shares in the last quarter. EntryPoint Capital LLC acquired a new position in Lamb Weston in the first quarter worth approximately $28,000. Crewe Advisors LLC grew its holdings in shares of Lamb Weston by 357.5% in the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 261 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new stake in shares of Lamb Weston during the first quarter worth $32,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Lamb Weston by 135.8% during the second quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 220 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Stock Up 1.0 %

LW traded up $0.62 on Wednesday, reaching $61.92. The company’s stock had a trading volume of 1,962,884 shares, compared to its average volume of 2,520,579. Lamb Weston has a 1 year low of $52.99 and a 1 year high of $111.88. The business’s 50 day moving average is $68.91 and its 200 day moving average is $83.80. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.29 and a quick ratio of 0.59. The stock has a market cap of $8.94 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 5.65 and a beta of 0.74.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.46). Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.71 billion. As a group, research analysts forecast that Lamb Weston will post 4.55 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.33%. Lamb Weston’s dividend payout ratio (DPR) is presently 19.23%.

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.