Lamb Weston (LW) PT Raised to $82.00 at Barclays

Lamb Weston (NYSE:LW) had its target price hoisted by Barclays from $76.00 to $82.00 in a research note published on Monday morning. They currently have an overweight rating on the specialty retailer’s stock.

Several other brokerages have also recently commented on LW. Jefferies Financial Group restated a buy rating and issued a $80.00 target price on shares of Lamb Weston in a research report on Tuesday, October 2nd. CL King cut shares of Lamb Weston from a buy rating to a neutral rating in a research report on Thursday, October 25th. ValuEngine upgraded shares of Lamb Weston from a hold rating to a buy rating in a research report on Friday, October 19th. Zacks Investment Research upgraded shares of Lamb Weston from a hold rating to a buy rating and set a $88.00 target price for the company in a research report on Wednesday, October 24th. Finally, Bank of America cut shares of Lamb Weston from a buy rating to a neutral rating and boosted their target price for the company from $75.00 to $85.00 in a research report on Thursday, November 15th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $76.29.

NYSE LW opened at $69.86 on Monday. The stock has a market capitalization of $10.21 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 1.90 and a beta of -0.03. Lamb Weston has a 12-month low of $52.92 and a 12-month high of $83.86.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Friday, January 4th. The specialty retailer reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.10. The firm had revenue of $911.40 million during the quarter, compared to the consensus estimate of $897.08 million. Lamb Weston had a net margin of 13.13% and a negative return on equity of 160.25%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 EPS. On average, equities research analysts expect that Lamb Weston will post 3.06 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 1st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.15%. This is a boost from Lamb Weston’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, January 31st. Lamb Weston’s dividend payout ratio is currently 28.57%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cerebellum GP LLC boosted its stake in shares of Lamb Weston by 24.1% in the 4th quarter. Cerebellum GP LLC now owns 3,369 shares of the specialty retailer’s stock valued at $248,000 after purchasing an additional 654 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Lamb Weston by 3.0% in the 3rd quarter. LPL Financial LLC now owns 24,987 shares of the specialty retailer’s stock valued at $1,664,000 after purchasing an additional 732 shares during the last quarter. US Bancorp DE boosted its stake in shares of Lamb Weston by 0.6% in the 3rd quarter. US Bancorp DE now owns 141,094 shares of the specialty retailer’s stock valued at $9,396,000 after purchasing an additional 801 shares during the last quarter. Bollard Group LLC boosted its stake in shares of Lamb Weston by 3.4% in the 3rd quarter. Bollard Group LLC now owns 27,083 shares of the specialty retailer’s stock valued at $1,804,000 after purchasing an additional 890 shares during the last quarter. Finally, Nicola Wealth Management LTD. boosted its stake in Lamb Weston by 9.5% during the third quarter. Nicola Wealth Management LTD. now owns 10,333 shares of the specialty retailer’s stock worth $889,000 after acquiring an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 79.65% of the company’s stock.

Lamb Weston Company Profile

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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