Lamb Weston Holdings Inc (NYSE:LW) announced a quarterly dividend on Friday, March 24th. Shareholders of record on Sunday, April 30th will be paid a dividend of 0.1875 per share by the specialty retailer on Friday, June 2nd. This represents a $0.75 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Wednesday, April 26th.

Lamb Weston Holdings has a payout ratio of 32.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Lamb Weston Holdings to earn $2.30 per share next year, which means the company should continue to be able to cover its $0.75 annual dividend with an expected future payout ratio of 32.6%.

Shares of Lamb Weston Holdings (NYSE:LW) opened at 42.60 on Friday. The stock has a market capitalization of $6.22 billion and a P/E ratio of 21.00. Lamb Weston Holdings has a 12 month low of $28.75 and a 12 month high of $43.48. The firm’s 50-day moving average price is $42.07 and its 200-day moving average price is $38.32.

Lamb Weston Holdings (NYSE:LW) last issued its earnings results on Thursday, April 6th. The specialty retailer reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. The firm had revenue of $768.50 million for the quarter, compared to analyst estimates of $759.74 million. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts forecast that Lamb Weston Holdings will post $2.31 EPS for the current year.

A number of brokerages recently commented on LW. Jefferies Group LLC boosted their target price on shares of Lamb Weston Holdings from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, April 7th. Stifel Nicolaus cut shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and upped their target price for the company from $42.00 to $44.00 in a report on Friday, April 7th. Zacks Investment Research raised shares of Lamb Weston Holdings from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Friday, April 7th. Finally, Goldman Sachs Group Inc initiated coverage on shares of Lamb Weston Holdings in a report on Wednesday, February 8th. They issued a “neutral” rating and a $38.00 target price for the company. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $40.14.

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About Lamb Weston Holdings

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.

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