Lamb Weston (NYSE:LW) Now Covered by Analysts at Freedom Broker

Freedom Broker initiated coverage on shares of Lamb Weston (NYSE:LW) in a research note published on Wednesday morning,Zacks reports. The firm issued a hold rating on the specialty retailer’s stock.

Several other equities research analysts have also weighed in on LW. Stephens upped their price objective on Lamb Weston from $50.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, October 8th. Wells Fargo & Company cut their target price on Lamb Weston from $57.00 to $54.00 and set an “overweight” rating for the company in a research report on Wednesday, October 7th. Weiss Ratings upgraded Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 23rd. TD Cowen boosted their price target on Lamb Weston from $40.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday, July 28th. Finally, Zacks Research upgraded Lamb Weston from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $53.82.

Lamb Weston Price Performance

Shares of Lamb Weston stock opened at $56.58 on Wednesday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.77 and a current ratio of 1.45. The firm’s 50-day simple moving average is $49.99 and its 200-day simple moving average is $46.78. Lamb Weston has a twelve month low of $37.62 and a twelve month high of $63.07. The firm has a market cap of $7.80 billion, a P/E ratio of 30.92, a price-to-earnings-growth ratio of 1.99 and a beta of 0.49.

Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Tuesday, October 6th. The specialty retailer reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.16. The firm had revenue of $1.67 billion during 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 quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.74 earnings per share. Lamb Weston has set its FY 2027 guidance at 3.050-3.350 EPS. As a group, research analysts expect that Lamb Weston will post 3.24 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 6th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, November 6th. Lamb Weston’s dividend payout ratio is currently 83.06%.

Institutional Trading of Lamb Weston

Several hedge funds have recently modified their holdings of LW. Lido Advisors LLC bought a new stake in shares of Lamb Weston during the third quarter worth $228,000. AlphaCore Capital LLC raised its holdings in shares of Lamb Weston by 78.4% during the third quarter. AlphaCore Capital LLC now owns 8,471 shares of the specialty retailer’s stock worth $353,000 after acquiring an additional 3,724 shares during the period. Fulcrum Asset Management LLP lifted its position in Lamb Weston by 4,226.7% in the 3rd quarter. Fulcrum Asset Management LLP now owns 649 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 634 shares in the last quarter. Hohimer Wealth Management LLC bought a new stake in Lamb Weston in the 3rd quarter valued at $476,000. Finally, Ethic Inc. lifted its position in Lamb Weston by 3.0% in the 3rd quarter. Ethic Inc. now owns 21,099 shares of the specialty retailer’s stock valued at $880,000 after acquiring an additional 619 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

About Lamb Weston

Lamb Weston Holdings, Inc (NYSE:LW) is a global producer and distributor of frozen potato products. The company supplies French fries, potato wedges, hash browns, tater tots, mashed potatoes, sweet potato products and other potato-based offerings to foodservice operators, restaurants, retailers and institutional customers.

Lamb Weston serves customers in North America and international markets through a portfolio of branded, licensed and customer-specific products. Its offerings are used by restaurants, schools, hospitals, hotels and other foodservice establishments, as well as sold through retail and grocery channels.