Lamb Weston (NYSE:LW) Stock Has Consensus Price Target of $53.36

Lamb Weston (NYSE:LW) has been assigned an average rating of “Hold” from the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $52.73.

Several research analysts recently commented on the stock. Stephens reduced their price target on shares of Lamb Weston from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Monday. Wall Street Zen upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Sanford C. Bernstein raised their target price on shares of Lamb Weston from $42.00 to $57.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 28th. Wells Fargo & Company lifted their price target on shares of Lamb Weston from $54.00 to $57.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Finally, Barclays boosted their price target on Lamb Weston from $50.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, July 27th.

Hedge Funds Weigh In On Lamb Weston

A number of hedge funds and other institutional investors have recently made changes to their positions in LW. Jones Financial Companies Lllp bought a new stake in shares of Lamb Weston in the second quarter valued at about $25,000. MCF Advisors LLC increased its position in Lamb Weston by 44.2% during the 4th quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 199 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new position in Lamb Weston during the 2nd quarter valued at about $29,000. Hantz Financial Services Inc. raised its holdings in shares of Lamb Weston by 380.7% in the 4th quarter. Hantz Financial Services Inc. now owns 721 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 571 shares in the last quarter. Finally, Bell Investment Advisors Inc bought a new stake in shares of Lamb Weston in the 2nd quarter valued at about $36,000. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Price Performance

LW opened at $41.16 on Friday. The business has a fifty day moving average of $50.42 and a 200 day moving average of $45.91. The stock has a market cap of $5.66 billion, a P/E ratio of 19.79, a PEG ratio of 1.86 and a beta of 0.49. The company has a quick ratio of 0.74, a current ratio of 1.42 and a debt-to-equity ratio of 1.97. Lamb Weston has a 52-week low of $37.62 and a 52-week high of $67.07.

Lamb Weston (NYSE:LW) last released its earnings results on Friday, July 24th. The specialty retailer reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.24. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.70 billion. Lamb Weston had a return on equity of 23.33% and a net margin of 4.39%.The business’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 earnings per share. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. As a group, sell-side analysts anticipate that Lamb Weston will post 3.06 EPS for the current year.

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 7th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.52 dividend on an annualized basis and a yield of 3.7%. Lamb Weston’s payout ratio is 73.08%.

Lamb Weston Company Profile

Lamb Weston Holdings, Inc (NYSE: LW) is a global producer and marketer of frozen potato products. The company supplies French fries, potato wedges, hash browns, potato rounds, mashed potatoes and other specialty potato products to restaurants, foodservice distributors, retailers and food manufacturers.

Its product portfolio includes conventional and specialty frozen potato offerings, as well as sweet potato products and appetizer items. Lamb Weston sells products under its Lamb Weston and Grown in Idaho brands, while also providing private-label products for retail and foodservice customers.

The company’s history dates to the 1950s, when it began producing frozen potato products in the Pacific Northwest.