Lamb Weston (NYSE:LW) Stock Price Target Lowered at Wells Fargo & Company

Lamb Weston (NYSE:LW) had its target price lowered by Wells Fargo & Company from $57.00 to $54.00 in a report published on Monday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the specialty retailer’s stock.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reduced their price objective on shares of Lamb Weston from $52.00 to $46.00 and set a “neutral” rating for the company in a research report on Wednesday, September 30th. Stephens reduced their price target on Lamb Weston from $55.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, September 28th. Sanford C. Bernstein lifted their price target on Lamb Weston from $42.00 to $57.00 and gave the company a “market perform” rating in a research note on Tuesday, July 28th. Barclays lifted their price target on Lamb Weston from $50.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $52.00 target price on shares of Lamb Weston in a report on Monday, July 27th. Three investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $52.45.

Lamb Weston Stock Performance

Shares of LW opened at $44.74 on Monday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.74 and a current ratio of 1.42. The stock has a market capitalization of $6.15 billion, a P/E ratio of 21.51, a P/E/G ratio of 1.94 and a beta of 0.49. The company’s fifty day moving average is $50.13 and its two-hundred day moving average is $45.96. Lamb Weston has a 1 year low of $37.62 and a 1 year high of $67.07.

Lamb Weston (NYSE:LW) last released its earnings results on Friday, July 24th. The specialty retailer reported $0.87 EPS for the quarter, topping the consensus estimate of $0.63 by $0.24. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Lamb Weston had a net margin of 4.39% and a return on equity of 23.33%. The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business earned $0.87 EPS. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. On average, sell-side analysts predict that Lamb Weston will post 3.06 earnings per share for the current year.

Lamb Weston Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 7th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.52 annualized dividend and a dividend yield of 3.4%. Lamb Weston’s payout ratio is 73.08%.

Hedge Funds Weigh In On Lamb Weston

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Lamb Weston during the 2nd quarter worth approximately $730,276,000. Bank of New York Mellon Corp purchased a new stake in Lamb Weston in the 2nd quarter valued at approximately $51,521,000. Arrowstreet Capital Limited Partnership grew its holdings in Lamb Weston by 350.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,451,954 shares of the specialty retailer’s stock valued at $61,360,000 after buying an additional 1,129,918 shares during the last quarter. Capital Research Global Investors grew its holdings in Lamb Weston by 31.2% during the 4th quarter. Capital Research Global Investors now owns 2,820,000 shares of the specialty retailer’s stock valued at $118,130,000 after buying an additional 670,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Lamb Weston by 28.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,742,208 shares of the specialty retailer’s stock worth $115,865,000 after buying an additional 601,171 shares in the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Company Profile

Lamb Weston Holdings, Inc (NYSE: LW) is a global producer and marketer of frozen potato products. The company supplies French fries, potato wedges, hash browns, potato rounds, mashed potatoes and other specialty potato products to restaurants, foodservice distributors, retailers and food manufacturers.

Its product portfolio includes conventional and specialty frozen potato offerings, as well as sweet potato products and appetizer items. Lamb Weston sells products under its Lamb Weston and Grown in Idaho brands, while also providing private-label products for retail and foodservice customers.

The company’s history dates to the 1950s, when it began producing frozen potato products in the Pacific Northwest.