Lamb Weston Holdings, Inc. (NYSE:LW) Receives $76.73 Consensus PT from Brokerages

Shares of Lamb Weston Holdings, Inc. (NYSE:LW) have received an average recommendation of “Hold” from the twelve ratings firms that are currently covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $74.55.

LW has been the subject of several research analyst reports. Barclays cut their price objective on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a report on Monday, December 23rd. StockNews.com upgraded shares of Lamb Weston to a “sell” rating in a research report on Monday, February 24th. Stifel Nicolaus dropped their target price on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $57.00 target price on shares of Lamb Weston in a report on Wednesday, March 19th. Finally, Jefferies Financial Group upped their price target on Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, December 17th.

Lamb Weston Stock Performance

LW opened at $53.95 on Monday. Lamb Weston has a 1-year low of $47.90 and a 1-year high of $105.55. The company has a market capitalization of $7.70 billion, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76. The business has a 50 day moving average price of $55.73 and a two-hundred day moving average price of $65.88. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53.

Lamb Weston Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be given a dividend of $0.37 per share. The ex-dividend date is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.74%. Lamb Weston’s payout ratio is presently 58.50%.

Insider Activity

In related news, Director Robert A. Niblock purchased 3,000 shares of the stock in a transaction dated Monday, January 13th. The shares were acquired at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the acquisition, 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 purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.72% of the stock is owned by corporate insiders.

Institutional Trading of Lamb Weston

Institutional investors have recently bought and sold shares of the company. West Oak Capital LLC grew its position in Lamb Weston by 155.7% in the fourth quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 274 shares in the last quarter. Putney Financial Group LLC bought a new stake in Lamb Weston in the fourth quarter worth $34,000. Stonebridge Financial Group LLC acquired a new position in Lamb Weston during the fourth quarter worth $35,000. SBI Securities Co. Ltd. bought a new position in Lamb Weston during the fourth quarter valued at about $36,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Lamb Weston in the third quarter worth about $40,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

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.