Lamb Weston (NYSE:LW) Earns Hold Rating from Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lamb Weston (NYSE:LW) in a research report released on Thursday morning, Marketbeat reports. The firm issued a hold rating and a $81.00 target price on the specialty retailer’s stock.

Other research analysts also recently issued reports about the stock. Sanford C. Bernstein initiated coverage on shares of Lamb Weston in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price objective on the stock. Stifel Nicolaus upped their price target on shares of Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Bank of America lifted their price objective on Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Wells Fargo & Company upped their target price on Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. Finally, Citigroup lifted their price target on Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $82.36.

Lamb Weston Stock Performance

Lamb Weston stock opened at $79.27 on Thursday. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. The company has a market cap of $11.30 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 1.34 and a beta of 0.70. Lamb Weston has a fifty-two week low of $52.99 and a fifty-two week high of $111.88. The firm’s 50 day simple moving average is $76.48 and its 200-day simple moving average is $72.94.

Lamb Weston (NYSE:LW) last announced its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.55 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The company’s revenue was down .7% on a year-over-year basis. During the same period in the previous year, the business earned $1.63 EPS. As a group, equities research analysts predict that Lamb Weston will post 4.26 EPS for the current year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 1st were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.82%. Lamb Weston’s payout ratio is 33.80%.

Institutional Trading of Lamb Weston

A number of hedge funds have recently bought and sold shares of the stock. Diversified Trust Co lifted its stake in shares of Lamb Weston by 24.0% in the second quarter. Diversified Trust Co now owns 7,303 shares of the specialty retailer’s stock valued at $614,000 after buying an additional 1,413 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Lamb Weston by 34.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,010 shares of the specialty retailer’s stock worth $589,000 after acquiring an additional 1,786 shares during the period. ORG Partners LLC acquired a new stake in shares of Lamb Weston during the 2nd quarter worth approximately $53,000. Naples Global Advisors LLC increased its position in shares of Lamb Weston by 40.3% during the second quarter. Naples Global Advisors LLC now owns 7,566 shares of the specialty retailer’s stock valued at $636,000 after purchasing an additional 2,175 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Lamb Weston by 251.6% in the second quarter. Blue Trust Inc. now owns 436 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 312 shares in the last quarter. 89.56% of the stock is owned by institutional investors.

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.