Shares of Lamb Weston Holdings Inc (NYSE:LW) have been given an average rating of “Hold” by the nine research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $74.50.

Several research analysts have recently commented on LW shares. Jefferies Financial Group reiterated a “buy” rating and set a $80.00 price target on shares of Lamb Weston in a report on Tuesday, October 2nd. CL King lowered Lamb Weston from a “buy” rating to a “neutral” rating in a report on Thursday, October 25th. ValuEngine lowered Lamb Weston from a “buy” rating to a “hold” rating in a report on Wednesday, August 22nd. Zacks Investment Research lowered Lamb Weston from a “hold” rating to a “sell” rating in a report on Monday, August 20th. Finally, Bank of America lowered Lamb Weston from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $75.00 to $85.00 in a report on Thursday, November 15th.

Shares of LW stock opened at $75.49 on Thursday. The firm has a market capitalization of $11.23 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 2.14 and a beta of -0.56. Lamb Weston has a fifty-two week low of $52.92 and a fifty-two week high of $83.86.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Tuesday, October 2nd. The specialty retailer reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Lamb Weston had a negative return on equity of 110.81% and a net margin of 12.52%. The company had revenue of $914.90 million for the quarter, compared to analyst estimates of $879.68 million. During the same quarter last year, the firm posted $0.57 EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, equities research analysts forecast that Lamb Weston will post 2.99 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 2nd were issued a dividend of $0.191 per share. The ex-dividend date was Thursday, November 1st. This represents a $0.76 annualized dividend and a dividend yield of 1.01%. Lamb Weston’s dividend payout ratio is presently 28.57%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vectors Research Management LLC purchased a new stake in Lamb Weston in the 3rd quarter valued at about $106,000. Acadian Asset Management LLC raised its holdings in Lamb Weston by 1,114.8% in the 2nd quarter. Acadian Asset Management LLC now owns 1,810 shares of the specialty retailer’s stock valued at $124,000 after buying an additional 1,661 shares during the period. Fort L.P. purchased a new stake in Lamb Weston in the 2nd quarter valued at about $124,000. Honkamp Krueger Financial Services Inc. purchased a new stake in Lamb Weston in the 3rd quarter valued at about $158,000. Finally, Point72 Hong Kong Ltd purchased a new stake in Lamb Weston in the 3rd quarter valued at about $189,000. Institutional investors and hedge funds own 79.68% of the company’s stock.

About Lamb Weston

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

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Analyst Recommendations for Lamb Weston (NYSE:LW)

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