Lamb Weston Holdings, Inc. (NYSE:LW) Receives Average Rating of “Hold” from Brokerages

Shares of Lamb Weston Holdings, Inc. (NYSE:LW) have been given an average rating of “Hold” by the twelve research firms that are covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $74.55.

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Citigroup lowered shares of Lamb Weston from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $90.00 to $68.00 in a research report on Friday, December 20th. Sanford C. Bernstein initiated coverage on Lamb Weston in a report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 target price on the stock. Barclays dropped their price target on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a research note on Monday, December 23rd. Finally, Jefferies Financial Group upped their target price on Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th.

Lamb Weston Stock Performance

NYSE LW opened at $53.95 on Monday. The business’s 50-day moving average price is $55.73 and its 200 day moving average price is $65.83. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. Lamb Weston has a twelve month low of $47.90 and a twelve month high of $105.55. The company has a market capitalization of $7.70 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be paid a $0.37 dividend. The ex-dividend date of this dividend 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 currently 58.50%.

Insider Transactions at Lamb Weston

In other news, Director Robert A. Niblock purchased 3,000 shares of the stock in a transaction dated Monday, January 13th. The stock was acquired at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the transaction, the director now owns 26,406 shares of the company’s stock, valued at approximately $1,609,181.64. The trade was a 12.82 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LW. Alberta Investment Management Corp bought a new stake in shares of Lamb Weston during the fourth quarter valued at approximately $2,641,000. Atria Wealth Solutions Inc. bought a new stake in Lamb Weston during the 4th quarter valued at $2,850,000. Leeward Investments LLC MA raised its stake in Lamb Weston by 41.5% during the 4th quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer’s stock valued at $10,457,000 after acquiring an additional 45,904 shares in the last quarter. HB Wealth Management LLC grew its stake in shares of Lamb Weston by 6.5% in the fourth quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer’s stock worth $892,000 after purchasing an additional 817 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Lamb Weston by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer’s stock valued at $82,174,000 after purchasing an additional 16,092 shares during the period. 89.56% of the stock is owned by institutional investors and hedge funds.

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.