Lamb Weston (NYSE:LW) Stock Has Average Target Price of $53.82 According to Analysts

Lamb Weston (NYSE:LW) has earned an average recommendation of “Hold” from the thirteen brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $53.82.

LW has been the subject of several recent analyst reports. Wells Fargo & Company reduced their price objective on shares of Lamb Weston from $57.00 to $54.00 and set an “overweight” rating for the company in a research note on Wednesday, October 7th. Stephens raised their target price on shares of Lamb Weston from $50.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, October 8th. Sanford C. Bernstein lifted their price target on shares of Lamb Weston from $42.00 to $57.00 and gave the stock a “market perform” rating in a report on Tuesday, July 28th. Zacks Research raised Lamb Weston from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 9th. Finally, Barclays upped their price target on Lamb Weston from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, October 8th.

Lamb Weston Stock Up 0.0%

Shares of Lamb Weston stock opened at $53.59 on Tuesday. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.45 and a quick ratio of 0.77. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 29.29, a PEG ratio of 1.94 and a beta of 0.49. The firm’s 50-day moving average is $49.71 and its two-hundred day moving average is $46.65. Lamb Weston has a 1 year low of $37.62 and a 1 year high of $67.07.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Tuesday, October 6th. The specialty retailer reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.16. Lamb Weston had a net margin of 3.85% and a return on equity of 23.27%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the company posted $0.74 earnings per share. Lamb Weston’s revenue was up .7% compared to the same quarter last year. Lamb Weston has set its FY 2027 guidance at 3.050-3.350 EPS. As a group, research analysts expect that Lamb Weston will post 3.24 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 6th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, November 6th. Lamb Weston’s payout ratio is 83.06%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in Lamb Weston during the 2nd quarter valued at approximately $730,276,000. JANA Partners Management LP boosted its holdings in shares of Lamb Weston by 7.7% in the 2nd quarter. JANA Partners Management LP now owns 5,394,635 shares of the specialty retailer’s stock valued at $232,940,000 after acquiring an additional 386,000 shares during the last quarter. State Street Corp increased its stake in shares of Lamb Weston by 6.4% in the second quarter. State Street Corp now owns 4,869,644 shares of the specialty retailer’s stock worth $210,271,000 after acquiring an additional 294,120 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Lamb Weston by 28.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,742,208 shares of the specialty retailer’s stock worth $115,865,000 after acquiring an additional 601,171 shares during the period. Finally, Douglas Lane & Associates LLC raised its holdings in shares of Lamb Weston by 7.7% during the third quarter. Douglas Lane & Associates LLC now owns 1,811,598 shares of the specialty retailer’s stock worth $75,526,000 after purchasing an additional 129,243 shares during the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Company Profile

Lamb Weston Holdings, Inc (NYSE:LW) is a global producer and distributor of frozen potato products. The company supplies French fries, potato wedges, hash browns, tater tots, mashed potatoes, sweet potato products and other potato-based offerings to foodservice operators, restaurants, retailers and institutional customers.

Lamb Weston serves customers in North America and international markets through a portfolio of branded, licensed and customer-specific products. Its offerings are used by restaurants, schools, hospitals, hotels and other foodservice establishments, as well as sold through retail and grocery channels.