Lamb Weston Holdings, Inc. (NYSE:LW) Receives $80.56 Average PT from Brokerages

Shares of Lamb Weston Holdings, Inc. (NYSE:LW - Get Free Report) have earned an average rating of "Moderate Buy" from the ten analysts that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $82.22.

LW has been the subject of a number of research reports. The Goldman Sachs Group dropped their target price on shares of Lamb Weston from $132.00 to $78.00 and set a "buy" rating for the company in a research report on Thursday, July 25th. Barclays raised their price objective on Lamb Weston from $70.00 to $74.00 and gave the company an "overweight" rating in a research report on Friday, October 4th. Consumer Edge downgraded Lamb Weston from an "overweight" rating to an "equal weight" rating in a research report on Friday, July 26th. Wells Fargo & Company raised their price target on Lamb Weston from $70.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, October 3rd. Finally, Bank of America raised their target price on shares of Lamb Weston from $68.00 to $80.00 and gave the company a "neutral" rating in a report on Monday.

Lamb Weston Price Performance

Lamb Weston stock traded down $0.46 during mid-day trading on Friday, hitting $76.92. The stock had a trading volume of 2,542,547 shares, compared to its average volume of 2,555,832. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. The firm's 50 day moving average is $66.45 and its 200 day moving average is $74.59. The firm has a market capitalization of $10.97 billion, a P/E ratio of 18.06, a P/E/G ratio of 1.38 and a beta of 0.75. Lamb Weston has a one year low of $52.99 and a one year high of $111.88.

Lamb Weston (NYSE:LW - Get Free Report) last released its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The firm had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $1.55 billion. During the same quarter last year, the business posted $1.63 earnings per share. The firm's revenue was down .7% on a year-over-year basis. On average, sell-side analysts forecast that Lamb Weston will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, November 1st. This represents a $1.44 annualized dividend and a yield of 1.87%. Lamb Weston's payout ratio is 33.80%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Lamb Weston by 0.4% during the first quarter. Vanguard Group Inc. now owns 16,695,138 shares of the specialty retailer's stock worth $1,778,533,000 after acquiring an additional 60,601 shares during the period. TPG GP A LLC increased its holdings in Lamb Weston by 74.4% during the 2nd quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer's stock worth $245,869,000 after purchasing an additional 1,247,206 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Lamb Weston by 5.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,045,582 shares of the specialty retailer's stock worth $171,993,000 after buying an additional 114,049 shares during the period. Marshall Wace LLP grew its position in shares of Lamb Weston by 78.5% during the 2nd quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer's stock worth $158,790,000 after buying an additional 830,511 shares in the last quarter. Finally, Champlain Investment Partners LLC increased its stake in shares of Lamb Weston by 11.7% during the first quarter. Champlain Investment Partners LLC now owns 1,233,420 shares of the specialty retailer's stock valued at $131,396,000 after buying an additional 129,120 shares during the period. Institutional investors 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.