Stifel Nicolaus Raises Lamb Weston (NYSE:LW) Price Target to $65.00

Lamb Weston (NYSE:LW) had its target price lifted by Stifel Nicolaus from $60.00 to $65.00 in a research report sent to investors on Thursday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the specialty retailer’s stock.

LW has been the topic of a number of other research reports. TD Cowen lifted their price target on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a hold rating in a report on Tuesday, September 24th. The Goldman Sachs Group cut their price target on shares of Lamb Weston from $132.00 to $78.00 and set a buy rating on the stock in a report on Thursday, July 25th. Citigroup lifted their price target on shares of Lamb Weston from $72.00 to $75.00 and gave the stock a buy rating in a report on Monday, September 23rd. Wells Fargo & Company cut their price target on shares of Lamb Weston from $98.00 to $70.00 and set an overweight rating on the stock in a report on Friday, July 26th. Finally, Consumer Edge lowered shares of Lamb Weston from an overweight rating to an equal weight rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Lamb Weston has a consensus rating of Hold and a consensus target price of $77.11.

Lamb Weston Stock Performance

Shares of Lamb Weston stock opened at $68.85 on Thursday. Lamb Weston has a fifty-two week low of $52.99 and a fifty-two week high of $111.88. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.29 and a quick ratio of 0.59. The firm has a market capitalization of $9.94 billion, a P/E ratio of 9.19, a P/E/G ratio of 6.18 and a beta of 0.75. The company’s 50 day moving average price is $62.37 and its two-hundred day moving average price is $76.91.

Lamb Weston (NYSE:LW) last issued its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the business posted $1.63 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. On average, equities analysts forecast that Lamb Weston will post 4.54 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston’s dividend payout ratio (DPR) is currently 19.23%.

Insider Buying and Selling at Lamb Weston

In related news, Director William G. Jurgensen purchased 10,000 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was purchased at an average cost of $55.43 per share, with a total value of $554,300.00. Following the completion of the purchase, the director now owns 173,377 shares in the company, valued at approximately $9,610,287.11. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.66% of the company’s stock.

Institutional Investors Weigh In On Lamb Weston

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Avantax Advisory Services Inc. grew its holdings in shares of Lamb Weston by 3.7% during the first quarter. Avantax Advisory Services Inc. now owns 3,806 shares of the specialty retailer’s stock valued at $405,000 after buying an additional 135 shares during the last quarter. Somerset Trust Co grew its holdings in shares of Lamb Weston by 4.5% during the first quarter. Somerset Trust Co now owns 3,401 shares of the specialty retailer’s stock valued at $362,000 after buying an additional 145 shares during the last quarter. Camarda Financial Advisors LLC boosted its holdings in Lamb Weston by 0.9% during the first quarter. Camarda Financial Advisors LLC now owns 16,389 shares of the specialty retailer’s stock worth $1,746,000 after purchasing an additional 151 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Lamb Weston by 31.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 655 shares of the specialty retailer’s stock worth $70,000 after purchasing an additional 158 shares during the last quarter. Finally, Summit Financial Wealth Advisors LLC boosted its holdings in Lamb Weston by 1.2% during the first quarter. Summit Financial Wealth Advisors LLC now owns 13,556 shares of the specialty retailer’s stock worth $1,444,000 after purchasing an additional 161 shares during the last quarter. 89.56% of the stock is owned by institutional investors.

About Lamb Weston

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