Lamb Weston Holdings Inc (LW) Given Consensus Rating of “Buy” by Brokerages

Lamb Weston Holdings Inc (NYSE:LW) has been assigned an average recommendation of “Buy” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $58.14.

LW has been the topic of several analyst reports. Bank of America boosted their price target on shares of Lamb Weston from $52.00 to $57.00 and gave the company a “buy” rating in a report on Monday, November 6th. Stifel Nicolaus upped their target price on shares of Lamb Weston from $54.00 to $58.00 and gave the stock a “hold” rating in a report on Tuesday, January 2nd. Jefferies Group upped their target price on shares of Lamb Weston to $64.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Finally, Zacks Investment Research lowered shares of Lamb Weston from a “buy” rating to a “hold” rating in a report on Friday, January 5th.

In other news, Director Peter J. Bensen bought 5,000 shares of the 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 acquisition, the director now owns 1,935 shares in the company, valued at $112,578.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. D.A. Davidson & CO. grew its holdings in Lamb Weston by 5.6% during the 4th quarter. D.A. Davidson & CO. now owns 39,362 shares of the specialty retailer’s stock worth $2,222,000 after acquiring an additional 2,075 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Lamb Weston by 13.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 242,156 shares of the specialty retailer’s stock worth $13,670,000 after acquiring an additional 27,822 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Lamb Weston by 73.3% during the 4th quarter. Wells Fargo & Company MN now owns 2,195,707 shares of the specialty retailer’s stock worth $123,948,000 after acquiring an additional 928,686 shares during the last quarter. First Trust Advisors LP grew its holdings in Lamb Weston by 9.5% during the 4th quarter. First Trust Advisors LP now owns 124,077 shares of the specialty retailer’s stock worth $7,004,000 after acquiring an additional 10,723 shares during the last quarter. Finally, Greenleaf Trust bought a new stake in Lamb Weston during the 4th quarter worth about $240,000. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Lamb Weston (NYSE:LW) opened at $54.73 on Friday. The stock has a market cap of $8,159.30, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 1.88 and a beta of 0.43. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of -4.43. Lamb Weston has a fifty-two week low of $38.60 and a fifty-two week high of $60.85.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 2nd will be issued a $0.1913 dividend. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $0.77 annualized dividend and a dividend yield of 1.40%. Lamb Weston’s dividend payout ratio is presently 35.19%.

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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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