Vertical Group assumed coverage on shares of Lamb Weston (NYSE:LW) in a research note released on Tuesday morning. The brokerage issued a sell rating and a $56.00 price objective on the specialty retailer’s stock.
Other equities research analysts have also issued reports about the company. Jefferies Group reaffirmed a buy rating and issued a $66.00 target price on shares of Lamb Weston in a research report on Thursday, April 5th. Zacks Investment Research raised Lamb Weston from a hold rating to a buy rating and set a $68.00 target price on the stock in a research report on Thursday, January 25th. Morgan Stanley increased their target price on Lamb Weston from $61.00 to $64.00 and gave the stock an equal weight rating in a research report on Friday, April 6th. Stifel Nicolaus reaffirmed a hold rating and issued a $64.00 target price (up from $58.00) on shares of Lamb Weston in a research report on Monday, January 22nd. Finally, Vertical Research assumed coverage on Lamb Weston in a research report on Monday. They issued a sell rating on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $60.71.
LW stock opened at $65.04 on Tuesday. The company has a current ratio of 1.72, a quick ratio of 0.63 and a debt-to-equity ratio of -5.98. The company has a market cap of $9.77 billion, a P/E ratio of 28.03, a PEG ratio of 2.13 and a beta of 0.67. Lamb Weston has a 12-month low of $42.58 and a 12-month high of $68.70.
Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Thursday, April 5th. The specialty retailer reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.11. Lamb Weston had a negative return on equity of 69.53% and a net margin of 11.75%. The business had revenue of $863.40 million for the quarter, compared to analyst estimates of $813.81 million. During the same period in the prior year, the company posted $0.59 EPS. The business’s revenue was up 12.3% compared to the same quarter last year. sell-side analysts expect that Lamb Weston will post 2.6 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 4th will be given a $0.1913 dividend. This represents a $0.77 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Thursday, May 3rd. Lamb Weston’s dividend payout ratio is presently 32.76%.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Lamb Weston by 2.9% in the first quarter. BlackRock Inc. now owns 13,546,840 shares of the specialty retailer’s stock worth $788,698,000 after purchasing an additional 382,591 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Lamb Weston by 68.2% in the first quarter. Wells Fargo & Company MN now owns 3,692,522 shares of the specialty retailer’s stock worth $214,979,000 after purchasing an additional 1,496,815 shares in the last quarter. Newbrook Capital Advisors LP grew its stake in shares of Lamb Weston by 12.9% in the first quarter. Newbrook Capital Advisors LP now owns 2,594,897 shares of the specialty retailer’s stock worth $151,075,000 after purchasing an additional 296,962 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Lamb Weston by 8.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,678,112 shares of the specialty retailer’s stock worth $94,730,000 after purchasing an additional 127,686 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Lamb Weston by 51.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,312,100 shares of the specialty retailer’s stock worth $74,068,000 after purchasing an additional 443,700 shares in the last quarter. 81.52% of the stock is owned by institutional investors.
About Lamb Weston
Lamb Weston Holdings, Inc produces and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.
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