Brokerages Set Lamb Weston Holdings, Inc. (NYSE:LW) PT at $82.22

Shares of Lamb Weston Holdings, Inc. (NYSE:LW - Get Free Report) have been given a consensus rating of "Moderate Buy" by the ten ratings firms that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $82.22.

LW has been the subject of a number of recent research reports. JPMorgan Chase & Co. restated a "neutral" rating and issued a $68.00 target price (up from $63.00) on shares of Lamb Weston in a research note on Monday, October 7th. TD Cowen upped their target price on Lamb Weston from $61.00 to $65.00 and gave the company a "hold" rating in a research note on Tuesday, September 24th. Wells Fargo & Company upped their target price on Lamb Weston from $70.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, October 3rd. Bank of America upped their price target on Lamb Weston from $68.00 to $80.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. Finally, The Goldman Sachs Group lowered their price target on Lamb Weston from $132.00 to $78.00 and set a "buy" rating on the stock in a research report on Thursday, July 25th.

Lamb Weston Stock Performance

LW traded down $1.74 on Tuesday, hitting $75.08. The company had a trading volume of 1,173,474 shares, compared to its average volume of 2,503,289. The company's fifty day moving average price is $71.80 and its 200 day moving average price is $74.16. Lamb Weston has a 1-year low of $52.99 and a 1-year high of $111.88. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. The stock has a market cap of $10.71 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 1.35 and a beta of 0.72.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the company earned $1.63 earnings per share. The company's quarterly revenue was down .7% compared to the same quarter last year. Equities analysts predict that Lamb Weston will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston's payout ratio is 33.80%.

Hedge Funds Weigh In On Lamb Weston

Hedge funds have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. acquired a new stake in shares of Lamb Weston during the first quarter worth about $206,000. Avantax Advisory Services Inc. grew its holdings in shares of Lamb Weston by 3.7% during the first quarter. Avantax Advisory Services Inc. now owns 3,806 shares of the specialty retailer's stock worth $405,000 after buying an additional 135 shares in the last quarter. Vanguard Group Inc. grew its stake in Lamb Weston by 0.4% in the first quarter. Vanguard Group Inc. now owns 16,695,138 shares of the specialty retailer's stock valued at $1,778,533,000 after purchasing an additional 60,601 shares in the last quarter. Edgestream Partners L.P. bought a new position in Lamb Weston in the first quarter valued at approximately $479,000. Finally, Bahl & Gaynor Inc. grew its stake in Lamb Weston by 2.4% in the first quarter. Bahl & Gaynor Inc. now owns 7,018 shares of the specialty retailer's stock valued at $748,000 after purchasing an additional 166 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company's stock.

About Lamb Weston

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.