Lamb Weston (NYSE:LW) Given Average Rating of “Hold” by Analysts

Shares of Lamb Weston (NYSE:LW) have received a consensus rating of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $65.30.

LW has been the subject of several research analyst reports. JPMorgan Chase & Co. started coverage on Lamb Weston in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $57.00 price objective for the company. Wells Fargo & Company lifted their price target on Lamb Weston from $65.00 to $66.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Bank of America reduced their price target on shares of Lamb Weston from $60.00 to $56.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 18th. Wall Street Zen upgraded shares of Lamb Weston from a “sell” rating to a “hold” rating in a research report on Thursday, May 8th. Finally, Barclays upped their target price on shares of Lamb Weston from $61.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th.

Institutional Investors Weigh In On Lamb Weston

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Marex Group plc bought a new position in Lamb Weston in the second quarter valued at about $259,000. Advisory Services Network LLC lifted its position in Lamb Weston by 6.3% during the 2nd quarter. Advisory Services Network LLC now owns 7,440 shares of the specialty retailer’s stock valued at $425,000 after purchasing an additional 440 shares during the period. State of Wyoming acquired a new position in Lamb Weston during the 2nd quarter valued at about $73,000. Rexford Capital Inc. bought a new position in shares of Lamb Weston in the 2nd quarter valued at about $96,000. Finally, Parr Mcknight Wealth Management Group LLC grew its position in shares of Lamb Weston by 1.7% during the 2nd quarter. Parr Mcknight Wealth Management Group LLC now owns 23,703 shares of the specialty retailer’s stock worth $1,229,000 after buying an additional 403 shares during the period. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Price Performance

NYSE:LW opened at $56.71 on Thursday. The company has a quick ratio of 0.68, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The firm has a market cap of $7.90 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 2.33 and a beta of 0.49. Lamb Weston has a 12 month low of $47.87 and a 12 month high of $83.98. The company’s 50-day moving average price is $53.71 and its two-hundred day moving average price is $53.63.

Lamb Weston (NYSE:LW) last posted its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.23. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.59 billion. Lamb Weston had a net margin of 5.54% and a return on equity of 27.99%. Lamb Weston’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 earnings per share. Lamb Weston has set its FY 2026 guidance at EPS. On average, equities analysts anticipate that Lamb Weston will post 3.1 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 1st will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $1.48 annualized dividend and a yield of 2.6%. Lamb Weston’s dividend payout ratio is currently 58.96%.

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.