Lamb Weston Holdings Inc. (NYSE:LW) has been given a consensus rating of “Buy” by the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $47.89.

Several research analysts have weighed in on LW shares. Zacks Investment Research upgraded Lamb Weston Holdings from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Friday, October 6th. Morgan Stanley reiterated an “equal weight” rating and issued a $50.00 target price (up from $46.00) on shares of Lamb Weston Holdings in a research note on Thursday, October 5th. Jefferies Group LLC reiterated a “buy” rating and issued a $58.00 target price (up from $53.00) on shares of Lamb Weston Holdings in a research note on Thursday, October 5th. Bank of America Corporation lifted their target price on Lamb Weston Holdings from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, July 10th. Finally, Stifel Nicolaus downgraded Lamb Weston Holdings from a “buy” rating to a “hold” rating and lifted their target price for the company from $42.00 to $44.00 in a research note on Tuesday, July 4th.

Several institutional investors have recently bought and sold shares of the stock. Blair William & Co. IL boosted its stake in shares of Lamb Weston Holdings by 0.3% in the second quarter. Blair William & Co. IL now owns 6,600 shares of the specialty retailer’s stock valued at $291,000 after buying an additional 21 shares in the last quarter. Bollard Group LLC boosted its stake in shares of Lamb Weston Holdings by 0.3% in the second quarter. Bollard Group LLC now owns 25,163 shares of the specialty retailer’s stock valued at $1,108,000 after buying an additional 75 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Lamb Weston Holdings by 3.4% in the second quarter. Bessemer Group Inc. now owns 4,462 shares of the specialty retailer’s stock valued at $197,000 after buying an additional 145 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Lamb Weston Holdings by 1.8% in the second quarter. Teacher Retirement System of Texas now owns 11,069 shares of the specialty retailer’s stock valued at $487,000 after buying an additional 193 shares in the last quarter. Finally, Utah Retirement Systems boosted its stake in shares of Lamb Weston Holdings by 0.8% in the second quarter. Utah Retirement Systems now owns 26,785 shares of the specialty retailer’s stock valued at $1,179,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Lamb Weston Holdings (NYSE:LW) opened at 50.99 on Wednesday. The firm has a 50-day moving average price of $48.36 and a 200-day moving average price of $45.37. Lamb Weston Holdings has a one year low of $28.75 and a one year high of $51.56. The firm has a market capitalization of $7.45 billion and a P/E ratio of 22.76.

Lamb Weston Holdings (NYSE:LW) last announced its earnings results on Wednesday, October 4th. The specialty retailer reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.07. Lamb Weston Holdings had a negative return on equity of 50.81% and a net margin of 10.31%. The company had revenue of $817.50 million for the quarter, compared to the consensus estimate of $795.61 million. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities analysts anticipate that Lamb Weston Holdings will post $2.35 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 3rd will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.47%. Lamb Weston Holdings’s dividend payout ratio (DPR) is presently 33.63%.

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Lamb Weston Holdings Company Profile

Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.

Analyst Recommendations for Lamb Weston Holdings (NYSE:LW)

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