Lamb Weston (NYSE:LW) Price Target Raised to $56.00

Lamb Weston (NYSE:LW) had its target price raised by Barclays from $50.00 to $56.00 in a research note released on Monday morning, MarketBeat.com reports. They currently have an overweight rating on the specialty retailer’s stock.

Other analysts have also recently issued reports about the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Lamb Weston in a research note on Wednesday, July 8th. Bank of America lowered their price target on shares of Lamb Weston from $49.00 to $47.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Lamb Weston from $46.00 to $40.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. BNP Paribas Exane reduced their price target on Lamb Weston from $48.00 to $41.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Finally, Stephens began coverage on Lamb Weston in a report on Wednesday, May 27th. They issued an “equal weight” rating and a $46.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.36.

Lamb Weston Stock Down 1.3%

NYSE LW opened at $53.90 on Monday. The company has a current ratio of 1.42, a quick ratio of 0.74 and a debt-to-equity ratio of 1.97. The company has a market capitalization of $7.41 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 2.45 and a beta of 0.47. Lamb Weston has a 1-year low of $37.62 and a 1-year high of $67.07. The stock’s 50 day moving average is $45.40 and its two-hundred day moving average is $44.54.

Lamb Weston (NYSE:LW) last posted its earnings results on Friday, July 24th. The specialty retailer reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.24. Lamb Weston had a net margin of 4.39% and a return on equity of 23.33%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the prior year, the firm earned $0.87 EPS. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. Equities analysts forecast that Lamb Weston will post 3.04 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 7th will be issued a $0.38 dividend. The ex-dividend date is Friday, August 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.8%. Lamb Weston’s dividend payout ratio (DPR) is 73.08%.

Institutional Investors Weigh In On Lamb Weston

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Lamb Weston by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 16,679,203 shares of the specialty retailer’s stock valued at $698,692,000 after purchasing an additional 43,766 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Lamb Weston by 27.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,824,690 shares of the specialty retailer’s stock worth $411,558,000 after buying an additional 2,111,874 shares during the last quarter. State Street Corp raised its position in Lamb Weston by 1.1% during the second quarter. State Street Corp now owns 5,801,585 shares of the specialty retailer’s stock worth $300,812,000 after acquiring an additional 63,865 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Lamb Weston by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 3,528,402 shares of the specialty retailer’s stock valued at $147,536,000 after acquiring an additional 21,256 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Lamb Weston by 2.5% during the 3rd quarter. Invesco Ltd. now owns 3,286,305 shares of the specialty retailer’s stock worth $190,869,000 after purchasing an additional 79,257 shares during the last quarter. 89.56% of the stock is owned by institutional investors.

Lamb Weston Company Profile

Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company’s portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.

Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world’s largest producers of frozen potato products.