Lamb Weston (NYSE:LW) Price Target Raised to $53.00

Lamb Weston (NYSE:LW) had its price objective raised by JPMorgan Chase & Co. from $46.00 to $53.00 in a report published on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the specialty retailer’s stock.

A number of other research analysts have also commented on LW. TD Cowen upped their price target on shares of Lamb Weston from $40.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday, July 28th. Wells Fargo & Company cut their price objective on shares of Lamb Weston from $57.00 to $54.00 and set an “overweight” rating for the company in a research report on Wednesday. Wall Street Zen cut Lamb Weston from a “buy” rating to a “hold” rating in a report on Saturday, October 3rd. 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 research report on Tuesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $53.00 target price on shares of Lamb Weston in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $53.82.

Lamb Weston Trading Down 3.2%

LW stock opened at $47.88 on Wednesday. Lamb Weston has a one year low of $37.62 and a one year high of $67.07. The stock has a market cap of $6.60 billion, a price-to-earnings ratio of 26.16, a price-to-earnings-growth ratio of 1.79 and a beta of 0.49. The company has a fifty day moving average price of $49.70 and a two-hundred day moving average price of $46.14. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.45 and a quick ratio of 0.74.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Tuesday, October 6th. The specialty retailer reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.16. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.65 billion. Lamb Weston had a net margin of 3.85% and a return on equity of 23.27%. The company’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 earnings per share. Lamb Weston has set its FY 2027 guidance at 3.050-3.350 EPS. Equities analysts anticipate that Lamb Weston will post 3.23 EPS for the current year.

Lamb Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 6th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, November 6th. Lamb Weston’s dividend payout ratio (DPR) is currently 83.06%.

Institutional Trading of Lamb Weston

Institutional investors have recently bought and sold shares of the business. Wedmont Private Capital acquired a new position in shares of Lamb Weston during the 3rd quarter worth approximately $216,000. Douglas Lane & Associates LLC raised its position in shares of Lamb Weston by 7.7% in the third quarter. Douglas Lane & Associates LLC now owns 1,811,598 shares of the specialty retailer’s stock valued at $75,526,000 after buying an additional 129,243 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Lamb Weston by 58.7% in the third quarter. GAMMA Investing LLC now owns 4,408 shares of the specialty retailer’s stock valued at $184,000 after buying an additional 1,631 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Lamb Weston by 25.6% in the third quarter. Farther Finance Advisors LLC now owns 5,017 shares of the specialty retailer’s stock valued at $209,000 after buying an additional 1,024 shares during the period. Finally, MFA Wealth Advisors LLC boosted its stake in shares of Lamb Weston by 27.0% in the third quarter. MFA Wealth Advisors LLC now owns 5,930 shares of the specialty retailer’s stock valued at $247,000 after buying an additional 1,261 shares during the period. Institutional investors own 89.56% of the company’s stock.

Trending Headlines about Lamb Weston

Here are the key news stories impacting Lamb Weston this week:

• Positive Sentiment: Higher price target: Stephens raised its price target for Lamb Weston from $50 to $55 while maintaining an “equal weight” rating, implying meaningful potential appreciation from recent trading levels. Stephens raises Lamb Weston price target
• Positive Sentiment: Momentum remains a key bullish argument: Zacks highlighted Lamb Weston as a potential long-term momentum stock based on its Style Scores, while other coverage discussed the possibility of a fresh rally. The company’s latest quarterly results also exceeded earnings and revenue expectations, supporting the recovery narrative. Why Lamb Weston is a top momentum stock
• Positive Sentiment: Brokerage outlook is constructive: JPMorgan was reported to forecast strong price appreciation for LW, adding to the positive analyst sentiment around the shares. JPMorgan forecast for Lamb Weston
• Neutral Sentiment: Valuation remains balanced: Analyst commentary describes Lamb Weston as facing a fresh test, with the stock’s valuation dependent on whether operational improvements and the leadership transition can support renewed growth. Lamb Weston faces a fresh test
• Negative Sentiment: Cautious ratings limit the upside signal: Stephens kept an “equal weight” recommendation despite raising its target, indicating analysts see potential but are not yet convinced that a sustained rally is warranted. Additional analyst roundups offered mixed views on LW alongside other consumer-goods companies. Analyst insights on Lamb Weston

Lamb Weston Company Profile

Lamb Weston Holdings, Inc (NYSE: LW) is a global producer and marketer of frozen potato products. The company supplies French fries, potato wedges, hash browns, potato rounds, mashed potatoes and other specialty potato products to restaurants, foodservice distributors, retailers and food manufacturers.

Its product portfolio includes conventional and specialty frozen potato offerings, as well as sweet potato products and appetizer items. Lamb Weston sells products under its Lamb Weston and Grown in Idaho brands, while also providing private-label products for retail and foodservice customers.

The company’s history dates to the 1950s, when it began producing frozen potato products in the Pacific Northwest.