Lamb Weston Holdings, Inc. (NYSE:LW) Receives $76.73 Average Price Target from Analysts

Shares of Lamb Weston Holdings, Inc. (NYSE:LW - Get Free Report) have earned an average recommendation of "Hold" from the twelve analysts that are presently covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $76.73.

A number of analysts recently commented on the company. Jefferies Financial Group raised their price target on Lamb Weston from $80.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. StockNews.com raised Lamb Weston to a "sell" rating in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft began coverage on Lamb Weston in a report on Thursday, December 12th. They issued a "hold" rating and a $81.00 target price on the stock. Barclays lowered their price target on Lamb Weston from $87.00 to $69.00 and set an "overweight" rating for the company in a research report on Monday, December 23rd. Finally, Citigroup downgraded shares of Lamb Weston from a "buy" rating to a "neutral" rating and cut their price objective for the company from $90.00 to $68.00 in a research report on Friday, December 20th.

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Lamb Weston Trading Down 1.0 %

Shares of Lamb Weston stock traded down $0.52 on Monday, hitting $53.41. The stock had a trading volume of 553,861 shares, compared to its average volume of 2,738,442. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. Lamb Weston has a one year low of $47.90 and a one year high of $107.50. The stock's 50-day simple moving average is $56.20 and its two-hundred day simple moving average is $66.14. The stock has a market cap of $7.62 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 1.40 and a beta of 0.76.

Lamb Weston Dividend Announcement

The company 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 yield of 2.77%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston's payout ratio is 58.50%.

Insiders Place Their Bets

In other Lamb Weston news, Director Robert A. Niblock acquired 3,000 shares of the company's stock in a transaction dated Monday, January 13th. The stock was purchased at an average price of $60.94 per share, with a total value of $182,820.00. Following the completion of the purchase, the director now directly owns 26,406 shares in the company, valued at approximately $1,609,181.64. The trade was a 12.82 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.72% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alberta Investment Management Corp bought a new stake in Lamb Weston in the fourth quarter worth $2,641,000. Atria Wealth Solutions Inc. purchased a new stake in shares of Lamb Weston during the 4th quarter valued at about $2,850,000. Leeward Investments LLC MA grew its position in Lamb Weston by 41.5% in the 4th quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer's stock valued at $10,457,000 after acquiring an additional 45,904 shares during the last quarter. HB Wealth Management LLC increased its stake in Lamb Weston by 6.5% in the fourth quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer's stock worth $892,000 after purchasing an additional 817 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Lamb Weston by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer's stock worth $82,174,000 after purchasing an additional 16,092 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors.

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.