Lamb Weston (NYSE:LW) Price Target Increased to $90.00 by Analysts at Citigroup

Lamb Weston (NYSE:LW) had its price target raised by Citigroup from $76.00 to $90.00 in a research note released on Tuesday morning, Benzinga reports. They currently have a buy rating on the specialty retailer’s stock.

A number of other brokerages have also issued reports on LW. The Goldman Sachs Group decreased their target price on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. TD Cowen increased their price objective on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, September 24th. Wells Fargo & Company boosted their target price on Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $68.00 price target (up from $63.00) on shares of Lamb Weston in a research note on Monday, October 7th. Finally, Consumer Edge downgraded Lamb Weston from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $82.22.

Lamb Weston Price Performance

NYSE LW opened at $76.92 on Tuesday. The company has a 50-day moving average price of $66.77 and a two-hundred day moving average price of $74.59. Lamb Weston has a 52 week low of $52.99 and a 52 week high of $111.88. The stock has a market cap of $10.97 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 1.38 and a beta of 0.75. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (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 analyst estimates of $1.55 billion. During the same period in the prior year, the company posted $1.63 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. Analysts forecast that Lamb Weston will post 4.26 EPS for the current year.

Lamb Weston Dividend Announcement

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 paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston’s dividend payout ratio is presently 33.80%.

Institutional Investors Weigh In On Lamb Weston

A number of large investors have recently made changes to their positions in LW. Los Angeles Capital Management LLC purchased a new stake in Lamb Weston in the 1st quarter worth about $470,000. Ballentine Partners LLC boosted its holdings in shares of Lamb Weston by 14.9% during the first quarter. Ballentine Partners LLC now owns 3,703 shares of the specialty retailer’s stock worth $394,000 after purchasing an additional 481 shares during the period. AdvisorNet Financial Inc increased its stake in Lamb Weston by 49.7% in the 1st quarter. AdvisorNet Financial Inc now owns 1,865 shares of the specialty retailer’s stock valued at $199,000 after buying an additional 619 shares during the period. Sunbelt Securities Inc. purchased a new stake in Lamb Weston in the 1st quarter worth approximately $63,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Lamb Weston by 11.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,224 shares of the specialty retailer’s stock valued at $557,000 after buying an additional 538 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.

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.