Shares of Lamb Weston Holdings, Inc. (NYSE:LW) have received an average recommendation of “Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $81.20.
Several research firms have recently weighed in on LW. Bank of America raised shares of Lamb Weston from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Monday. The Goldman Sachs Group lowered shares of Lamb Weston from a “buy” rating to a “neutral” rating and cut their target price for the company from $84.00 to $81.00 in a research report on Thursday.
In other Lamb Weston news, CEO Thomas P. Werner sold 69,500 shares of the company’s stock in a transaction that occurred on Friday, January 15th. The shares were sold at an average price of $77.65, for a total value of $5,396,675.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Eryk J. Spytek sold 6,183 shares of the company’s stock in a transaction that occurred on Wednesday, January 13th. The stock was sold at an average price of $75.00, for a total transaction of $463,725.00. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the business. Perigon Wealth Management LLC purchased a new position in shares of Lamb Weston in the fourth quarter worth $25,000. Regent Peak Wealth Advisors LLC purchased a new position in shares of Lamb Weston in the fourth quarter worth $27,000. Tompkins Financial Corp purchased a new position in shares of Lamb Weston in the fourth quarter worth $25,000. Key Financial Inc purchased a new position in shares of Lamb Weston in the fourth quarter worth $41,000. Finally, CI Investments Inc. lifted its holdings in shares of Lamb Weston by 62.0% in the fourth quarter. CI Investments Inc. now owns 758 shares of the specialty retailer’s stock worth $60,000 after buying an additional 290 shares in the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.
LW opened at $77.99 on Thursday. The company has a quick ratio of 1.88, a current ratio of 2.91 and a debt-to-equity ratio of 6.65. The firm has a 50 day moving average price of $80.38 and a 200-day moving average price of $75.25. Lamb Weston has a twelve month low of $51.72 and a twelve month high of $86.41. The stock has a market capitalization of $11.41 billion, a price-to-earnings ratio of 38.61, a PEG ratio of 3.31 and a beta of 0.78.
Lamb Weston (NYSE:LW) last released its quarterly earnings data on Tuesday, April 6th. The specialty retailer reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.06). Lamb Weston had a net margin of 8.33% and a return on equity of 95.26%. The company had revenue of $895.80 million for the quarter, compared to analysts’ expectations of $819.94 million. During the same period in the previous year, the firm earned $0.77 earnings per share. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. As a group, analysts expect that Lamb Weston will post 2.34 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 4th. Investors of record on Friday, May 7th will be given a dividend of $0.235 per share. The ex-dividend date is Thursday, May 6th. This represents a $0.94 annualized dividend and a yield of 1.21%. Lamb Weston’s dividend payout ratio (DPR) is 37.60%.
About Lamb Weston
Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as various customer labels.
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