Lamb Weston Holdings Inc (LW) Receives Consensus Rating of “Buy” from Analysts

Lamb Weston Holdings Inc (NYSE:LW) has received an average rating of “Buy” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $58.14.

LW has been the subject of a number of analyst reports. Bank of America boosted their price objective on shares of Lamb Weston from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Stifel Nicolaus boosted their price objective on shares of Lamb Weston from $54.00 to $58.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Zacks Investment Research cut shares of Lamb Weston from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Finally, Jefferies Group boosted their price objective on shares of Lamb Weston to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd.

Shares of Lamb Weston (LW) opened at $54.73 on Friday. The company has a debt-to-equity ratio of -4.43, a current ratio of 1.55 and a quick ratio of 0.53. Lamb Weston has a one year low of $38.60 and a one year high of $60.85. The firm has a market cap of $8,159.30, a price-to-earnings ratio of 25.34, a PEG ratio of 1.88 and a beta of 0.43.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Thursday, January 4th. The specialty retailer reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.01. Lamb Weston had a net margin of 9.85% and a negative return on equity of 53.18%. The business had revenue of $824.60 million during the quarter, compared to analysts’ expectations of $815.29 million. During the same period in the previous year, the company earned $0.63 earnings per share. Lamb Weston’s revenue for the quarter was up 4.3% on a year-over-year basis. research analysts anticipate that Lamb Weston will post 2.46 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 2nd will be paid a dividend of $0.1913 per share. This is a boost from Lamb Weston’s previous quarterly dividend of $0.19. This represents a $0.77 annualized dividend and a yield of 1.40%. The ex-dividend date is Thursday, February 1st. Lamb Weston’s dividend payout ratio is presently 35.19%.

In related news, Director Peter J. Bensen bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was purchased at an average cost of $58.18 per share, for a total transaction of $290,900.00. Following the purchase, the director now directly owns 1,935 shares in the company, valued at $112,578.30. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.26% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. raised its stake in Lamb Weston by 1.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 41,859 shares of the specialty retailer’s stock valued at $1,843,000 after purchasing an additional 623 shares during the last quarter. Telemus Capital LLC raised its stake in Lamb Weston by 1.1% during the 4th quarter. Telemus Capital LLC now owns 86,418 shares of the specialty retailer’s stock valued at $4,878,000 after purchasing an additional 930 shares during the last quarter. Public Employees Retirement Association of Colorado raised its stake in Lamb Weston by 3.4% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 28,457 shares of the specialty retailer’s stock valued at $1,606,000 after purchasing an additional 932 shares during the last quarter. ING Groep NV raised its stake in Lamb Weston by 9.9% during the 3rd quarter. ING Groep NV now owns 11,276 shares of the specialty retailer’s stock valued at $529,000 after purchasing an additional 1,019 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Lamb Weston by 1.0% during the 3rd quarter. First Trust Advisors LP now owns 113,354 shares of the specialty retailer’s stock valued at $5,315,000 after purchasing an additional 1,079 shares during the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

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About Lamb Weston

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 (NYSE:LW)

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