Lamb Weston (NYSE:LW) Given New $50.00 Price Target at Stephens

by · The Cerbat Gem

Lamb Weston (NYSE:LW – Free Report) had its target price cut by Stephens from $55.00 to $50.00 in a research report released on Monday, Marketbeat.com reports. They currently have an equal weight rating on the specialty retailer’s stock.

Several other analysts also recently weighed in on LW. Stifel Nicolaus lifted their target price on shares of Lamb Weston from $45.00 to $52.00 and gave the company a “hold” rating in a report on Monday, July 27th. Wells Fargo & Company upped their price target on Lamb Weston from $54.00 to $57.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Sanford C. Bernstein raised their price target on Lamb Weston from $42.00 to $57.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $52.00 price objective on shares of Lamb Weston in a research note on Monday, July 27th. Finally, Weiss Ratings upgraded Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $52.91.

View Our Latest Stock Analysis on Lamb Weston

Lamb Weston Trading Down 0.9%

Shares of LW stock opened at $43.17 on Monday. Lamb Weston has a 1-year low of $37.62 and a 1-year high of $67.07. The firm has a market cap of $5.94 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 1.94 and a beta of 0.47. The company has a 50-day moving average of $50.78 and a two-hundred day moving average of $45.89. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.42 and a quick ratio of 0.74.

Lamb Weston (NYSE:LW – Get Free Report) last released its quarterly earnings results on Friday, July 24th. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.24. Lamb Weston had a net margin of 4.39% and a return on equity of 23.33%. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the previous year, the firm earned $0.87 EPS. The business’s revenue was up 5.6% on a year-over-year basis. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. On average, analysts predict that Lamb Weston will post 3.06 EPS for the current year.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 7th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, August 7th. Lamb Weston’s dividend payout ratio (DPR) is presently 73.08%.

Institutional Trading of Lamb Weston

Large investors have recently made changes to their positions in the company. MCF Advisors LLC grew its holdings in shares of Lamb Weston by 44.2% during the fourth quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 199 shares during the last quarter. Clearstead Advisors LLC lifted its holdings in shares of Lamb Weston by 8.0% in the 4th quarter. Clearstead Advisors LLC now owns 3,101 shares of the specialty retailer’s stock valued at $130,000 after purchasing an additional 229 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Lamb Weston by 26.4% in the 1st quarter. Parallel Advisors LLC now owns 1,933 shares of the specialty retailer’s stock valued at $82,000 after purchasing an additional 404 shares during the last quarter. Beacon Investment Advisory Services Inc. boosted its position in shares of Lamb Weston by 8.9% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 6,158 shares of the specialty retailer’s stock valued at $266,000 after purchasing an additional 505 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Lamb Weston by 22.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,777 shares of the specialty retailer’s stock valued at $120,000 after purchasing an additional 516 shares during the period. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Lamb Weston Company Profile

(Get Free Report)

Lamb Weston Holdings, Inc (NYSE: LW) is a food company that produces and distributes frozen potato products. Its portfolio includes frozen french fries, potato wedges, hash browns, tater tots, mashed potatoes, sweet potato products and other specialty potato items.

The company serves restaurants, foodservice distributors, retailers and food manufacturers. Its products are sold under the Lamb Weston, Grown in Idaho and Alexia brands, as well as through private-label and customer-specific offerings.

Further Reading