Lamb Weston Holdings, Inc. (NYSE:LW) Receives Consensus Recommendation of “Hold” from Brokerages

Lamb Weston Holdings, Inc. (NYSE:LW) has earned a consensus rating of “Hold” from the twelve research firms that are presently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $74.55.

Several brokerages have recently issued reports on LW. StockNews.com upgraded Lamb Weston to a “sell” rating in a research report on Monday, February 24th. JPMorgan Chase & Co. upped their price target on shares of Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Barclays reduced their price objective on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. Sanford C. Bernstein assumed coverage on Lamb Weston in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $57.00 target price on shares of Lamb Weston in a research report on Wednesday, March 19th.

Insider Transactions at Lamb Weston

In other news, Director Robert A. Niblock bought 3,000 shares of the stock in a transaction on Monday, January 13th. The shares were purchased at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the purchase, the director now directly owns 26,406 shares of the company’s stock, valued at $1,609,181.64. This trade represents a 12.82 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lamb Weston

Several institutional investors have recently made changes to their positions in the company. West Oak Capital LLC lifted its stake in Lamb Weston by 155.7% in the fourth quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 274 shares during the last quarter. Putney Financial Group LLC acquired a new stake in shares of Lamb Weston in the 4th quarter valued at $34,000. Stonebridge Financial Group LLC bought a new stake in Lamb Weston in the fourth quarter worth $35,000. SBI Securities Co. Ltd. acquired a new position in Lamb Weston during the fourth quarter worth $36,000. Finally, Brooklyn Investment Group bought a new position in Lamb Weston during the third quarter valued at about $40,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Price Performance

NYSE LW opened at $53.95 on Monday. Lamb Weston has a 12 month low of $47.90 and a 12 month high of $105.55. The firm has a market capitalization of $7.70 billion, a PE ratio of 21.32, a P/E/G ratio of 1.40 and a beta of 0.76. The company’s 50 day simple moving average is $55.73 and its 200 day simple moving average is $65.83. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53.

Lamb Weston Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Friday, May 2nd. Lamb Weston’s dividend payout ratio (DPR) is currently 58.50%.

Lamb Weston Company Profile

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.