Lamb Weston (NYSE:LW) Given Neutral Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Lamb Weston (NYSE:LW) in a report issued on Monday, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has a $68.00 price objective on the specialty retailer’s stock, up from their previous price objective of $63.00.

A number of other brokerages have also recently issued reports on LW. TD Cowen boosted their price objective on Lamb Weston from $61.00 to $65.00 and gave the stock a hold rating in a report on Tuesday, September 24th. Citigroup boosted their price objective on Lamb Weston from $75.00 to $76.00 and gave the stock a buy rating in a report on Thursday, October 3rd. Bank of America boosted their price objective on Lamb Weston from $66.00 to $68.00 and gave the stock a neutral rating in a report on Tuesday, September 17th. Barclays boosted their price objective on Lamb Weston from $70.00 to $74.00 and gave the stock an overweight rating in a report on Friday, October 4th. Finally, The Goldman Sachs Group reduced their price objective on Lamb Weston from $132.00 to $78.00 and set a buy rating for the company in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $77.67.

Lamb Weston Trading Up 0.0 %

Lamb Weston stock opened at $70.98 on Monday. Lamb Weston has a 52 week low of $52.99 and a 52 week high of $111.88. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. The stock has a market capitalization of $10.12 billion, a P/E ratio of 16.66, a PEG ratio of 1.27 and a beta of 0.75. The stock has a 50-day simple moving average of $63.31 and a 200 day simple moving average of $76.37.

Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the company posted $1.63 earnings per share. Lamb Weston’s quarterly revenue was down .7% on a year-over-year basis. Analysts expect that Lamb Weston will post 4.26 earnings per share for the current year.

Lamb Weston Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.44 annualized dividend and a yield of 2.03%. Lamb Weston’s dividend payout ratio is currently 33.80%.

Insider Buying and Selling at Lamb Weston

In other news, Director William G. Jurgensen acquired 10,000 shares of the stock in a transaction on Friday, July 26th. The stock was acquired at an average cost of $55.43 per share, for a total transaction of $554,300.00. Following the completion of the transaction, the director now directly owns 173,377 shares in the company, valued at approximately $9,610,287.11. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Avantax Advisory Services Inc. boosted its position in 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 acquiring an additional 135 shares during the last quarter. Somerset Trust Co boosted its position in 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 acquiring an additional 145 shares during the last quarter. City State Bank boosted its position in Lamb Weston by 56.2% during the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 150 shares during the last quarter. Camarda Financial Advisors LLC boosted its position 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 valued at $1,746,000 after acquiring an additional 151 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its position 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 valued at $70,000 after acquiring an additional 158 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Company Profile

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.