Lamb Weston (NYSE:LW) Receives Consensus Rating of “Hold” from Analysts

Shares of Lamb Weston (NYSE:LW) have earned a consensus rating of “Hold” from the fourteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Eleven analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $53.3636.

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $52.00 target price on shares of Lamb Weston in a report on Monday, July 27th. JPMorgan Chase & Co. increased their price target on Lamb Weston from $43.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Wall Street Zen raised Lamb Weston from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. TD Cowen lifted their price objective on Lamb Weston from $40.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, July 28th. Finally, Sanford C. Bernstein upped their target price on Lamb Weston from $42.00 to $57.00 and gave the company a “market perform” rating in a report on Tuesday, July 28th.

Institutional Investors Weigh In On Lamb Weston

A number of institutional investors have recently modified their holdings of the company. Royal Bank of Canada boosted its position in Lamb Weston by 29.4% during the first quarter. Royal Bank of Canada now owns 185,038 shares of the specialty retailer’s stock valued at $9,862,000 after acquiring an additional 42,039 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Lamb Weston by 3.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,355 shares of the specialty retailer’s stock worth $872,000 after acquiring an additional 549 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Lamb Weston by 19.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,490 shares of the specialty retailer’s stock worth $181,000 after acquiring an additional 567 shares in the last quarter. Amundi raised its position in shares of Lamb Weston by 405.9% in the 2nd quarter. Amundi now owns 256,794 shares of the specialty retailer’s stock worth $13,548,000 after acquiring an additional 206,034 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in shares of Lamb Weston by 70.7% in the 2nd quarter. Gamco Investors INC. ET AL now owns 18,116 shares of the specialty retailer’s stock valued at $939,000 after purchasing an additional 7,503 shares during the period. 89.56% of the stock is owned by institutional investors.

Lamb Weston Trading Up 1.2%

Shares of NYSE LW opened at $53.21 on Thursday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.74 and a current ratio of 1.42. Lamb Weston has a 52-week low of $37.62 and a 52-week high of $67.07. The firm has a 50 day moving average price of $47.41 and a two-hundred day moving average price of $45.23. The stock has a market cap of $7.32 billion, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 2.34 and a beta of 0.46.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Friday, July 24th. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter last year, the firm earned $0.87 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. As a group, equities analysts forecast that Lamb Weston will post 3.06 EPS for the current year.

Lamb Weston Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 7th will be given 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 2.9%. Lamb Weston’s payout ratio is 73.08%.

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.