Lamb Weston (NYSE:LW) Research Coverage Started at Freedom Broker

Freedom Broker began coverage on shares of Lamb Weston (NYSE:LW) in a report released on Wednesday morning,Zacks reports. The firm issued a hold rating on the specialty retailer’s stock.

Several other analysts have also issued reports on LW. Wall Street Zen lowered Lamb Weston from a “buy” rating to a “hold” rating in a report on Saturday, October 3rd. TD Cowen boosted their target price on Lamb Weston from $40.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday, July 28th. Sanford C. Bernstein upped their target price on Lamb Weston from $42.00 to $57.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $53.00 target price on shares of Lamb Weston in a research report on Wednesday, October 7th. Finally, Wells Fargo & Company cut their price target on Lamb Weston from $57.00 to $54.00 and set an “overweight” rating for the company in a research note on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $53.82.

Lamb Weston Stock Up 0.3%

Shares of LW stock traded up $0.17 during trading on Wednesday, hitting $55.25. 1,537,788 shares of the company were exchanged, compared to its average volume of 2,691,962. The business’s 50-day simple moving average is $50.00 and its 200 day simple moving average is $46.90. Lamb Weston has a twelve month low of $37.62 and a twelve month high of $62.87. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 30.19, a P/E/G ratio of 2.05 and a beta of 0.49. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.77 and a current ratio of 1.45.

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

Lamb Weston Dividend Announcement

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

Institutional Investors Weigh In On Lamb Weston

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Lamb Weston in the second quarter worth about $730,276,000. JANA Partners Management LP lifted its holdings in 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 worth $232,940,000 after purchasing an additional 386,000 shares during the last quarter. State Street Corp lifted its holdings in Lamb Weston by 6.4% in the 2nd quarter. State Street Corp now owns 4,869,644 shares of the specialty retailer’s stock worth $210,271,000 after purchasing an additional 294,120 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Lamb Weston by 28.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,742,208 shares of the specialty retailer’s stock worth $115,865,000 after purchasing an additional 601,171 shares during the last quarter. Finally, Douglas Lane & Associates LLC boosted its position in 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 period. 89.56% of the stock is currently owned by institutional investors.

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.