Lamb Weston Holdings Inc (LW) Receives Average Recommendation of “Buy” from Analysts

Shares of Lamb Weston Holdings Inc (NYSE:LW) have been assigned an average recommendation of “Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $58.14.

A number of equities analysts have weighed in on LW shares. Bank of America boosted their price objective on Lamb Weston from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Zacks Investment Research raised Lamb Weston from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Thursday, January 25th. Stifel Nicolaus boosted their price objective on Lamb Weston from $54.00 to $58.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Finally, Jefferies Group upped their price target on Lamb Weston to $64.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd.

Lamb Weston (NYSE LW) traded down $0.30 during midday trading on Friday, reaching $54.24. The company’s stock had a trading volume of 1,668,799 shares, compared to its average volume of 1,324,171. The firm has a market capitalization of $8,054.02, a price-to-earnings ratio of 25.11, a P/E/G ratio of 1.86 and a beta of 0.43. The company has a debt-to-equity ratio of -4.43, a current ratio of 1.55 and a quick ratio of 0.53. Lamb Weston has a one year low of $39.07 and a one year high of $60.85.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Thursday, January 4th. The specialty retailer reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.01. The company had revenue of $824.60 million for the quarter, compared to analyst estimates of $815.29 million. Lamb Weston had a negative return on equity of 53.18% and a net margin of 9.85%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 earnings per share. equities research analysts predict that Lamb Weston will post 2.46 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 2nd will be paid a $0.1913 dividend. This represents a $0.77 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Thursday, February 1st. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.19. Lamb Weston’s dividend payout ratio is 35.19%.

In other Lamb Weston news, Director Peter J. Bensen purchased 5,000 shares of the firm’s stock in a transaction dated Monday, January 8th. The shares were acquired at an average price of $58.18 per share, with a total value of $290,900.00. Following the purchase, the director now directly owns 1,935 shares in the company, valued at approximately $112,578.30. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in shares of Lamb Weston by 5.0% in the 4th quarter. BlackRock Inc. now owns 13,164,249 shares of the specialty retailer’s stock valued at $743,124,000 after buying an additional 622,607 shares during the period. State Street Corp raised its holdings in shares of Lamb Weston by 2.7% in the 2nd quarter. State Street Corp now owns 3,922,298 shares of the specialty retailer’s stock valued at $172,731,000 after buying an additional 103,358 shares during the period. Kensico Capital Management Corp raised its holdings in shares of Lamb Weston by 56.9% in the 3rd quarter. Kensico Capital Management Corp now owns 3,640,000 shares of the specialty retailer’s stock valued at $170,680,000 after buying an additional 1,320,000 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Lamb Weston by 3.3% in the 3rd quarter. Janus Henderson Group PLC now owns 2,765,291 shares of the specialty retailer’s stock valued at $129,664,000 after buying an additional 89,190 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of Lamb Weston by 73.3% in the 4th quarter. Wells Fargo & Company MN now owns 2,195,707 shares of the specialty retailer’s stock valued at $123,948,000 after buying an additional 928,686 shares during the period. Hedge funds and other institutional investors own 79.50% of the company’s stock.

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Lamb Weston Company Profile

Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.

Analyst Recommendations for Lamb Weston (NYSE:LW)

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