Brokerages Set Lamb Weston Holdings, Inc. (NYSE:LW) PT at $82.36

Shares of Lamb Weston Holdings, Inc. (NYSE:LW) have been given a consensus recommendation of “Hold” by the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $84.25.

Several analysts recently issued reports on the stock. Stifel Nicolaus boosted their price objective on shares of Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a report on Friday, October 25th. Sanford C. Bernstein began coverage on shares of Lamb Weston in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 price objective on the stock. Barclays lifted their target price on shares of Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, October 4th. JPMorgan Chase & Co. upped their price target on Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft started coverage on Lamb Weston in a research note on Thursday, December 12th. They issued a “hold” rating and a $81.00 price objective for the company.

Hedge Funds Weigh In On Lamb Weston

A number of hedge funds have recently modified their holdings of LW. Nicola Wealth Management LTD. purchased a new position in shares of Lamb Weston in the 3rd quarter valued at approximately $6,474,000. Susquehanna Fundamental Investments LLC acquired a new position in Lamb Weston in the 2nd quarter valued at $3,279,000. Clarkston Capital Partners LLC raised its position in Lamb Weston by 108.7% during the 3rd quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock worth $201,207,000 after buying an additional 1,618,570 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Lamb Weston by 39.3% in the 3rd quarter. Citigroup Inc. now owns 156,242 shares of the specialty retailer’s stock worth $10,115,000 after acquiring an additional 44,057 shares during the period. Finally, First Financial Bankshares Inc purchased a new stake in shares of Lamb Weston in the third quarter valued at about $6,506,000. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Lamb Weston Stock Performance

LW opened at $78.22 on Friday. Lamb Weston has a twelve month low of $52.99 and a twelve month high of $111.88. The firm has a market capitalization of $11.15 billion, a PE ratio of 18.36, a PEG ratio of 1.34 and a beta of 0.70. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. The firm’s 50-day moving average price is $76.96 and its 200 day moving average price is $72.79.

Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the firm earned $1.63 EPS. The company’s quarterly revenue was down .7% compared to the same quarter last year. As a group, sell-side analysts expect that Lamb Weston will post 4.26 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 1st were given a $0.36 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a yield of 1.84%. Lamb Weston’s dividend payout ratio (DPR) is presently 33.80%.

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.