Lamb Weston Holdings Inc. (NYSE:LW) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday, July 12th. The firm currently has a $48.00 target price on the specialty retailer’s stock. Zacks Investment Research‘s target price points to a potential upside of 7.12% from the stock’s current price.
According to Zacks, “Lamb Weston Holdings, Inc. is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers. Lamb Weston Holdings, Inc. is headquartered in Eagle, Idaho. “
Other research analysts also recently issued reports about the stock. Stifel Nicolaus downgraded shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and increased their target price for the company from $42.00 to $44.00 in a research report on Friday, April 7th. Jefferies Group LLC increased their target price on shares of Lamb Weston Holdings from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, April 7th. Berenberg Bank assumed coverage on shares of Lamb Weston Holdings in a research note on Tuesday, May 16th. They set a “buy” rating and a $49.00 price target for the company. CL King began coverage on shares of Lamb Weston Holdings in a research note on Tuesday, May 23rd. They set a “strong-buy” rating and a $55.00 price target for the company. Finally, Bank of America Corporation raised their target price on shares of Lamb Weston Holdings from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Lamb Weston Holdings currently has an average rating of “Buy” and a consensus target price of $46.22.
Shares of Lamb Weston Holdings (LW) opened at 44.81 on Wednesday. The stock has a market capitalization of $6.55 billion and a P/E ratio of 20.18. The stock has a 50 day moving average price of $44.09 and a 200 day moving average price of $42.64. Lamb Weston Holdings has a 52 week low of $29.62 and a 52 week high of $49.94.
Lamb Weston Holdings (NYSE:LW) last issued its quarterly earnings data on Tuesday, July 25th. The specialty retailer reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $833 million during the quarter, compared to analyst estimates of $810.85 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts expect that Lamb Weston Holdings will post $2.30 EPS for the current year.
Large investors have recently modified their holdings of the company. Schroder Investment Management Group purchased a new stake in shares of Lamb Weston Holdings during the second quarter worth approximately $106,000. First Mercantile Trust Co. bought a new stake in Lamb Weston Holdings during the second quarter valued at about $137,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in Lamb Weston Holdings by 165.9% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,366 shares of the specialty retailer’s stock valued at $142,000 after buying an additional 2,100 shares in the last quarter. IndexIQ Advisors LLC bought a new stake in Lamb Weston Holdings during the second quarter valued at about $149,000. Finally, Transamerica Financial Advisors Inc. boosted its stake in Lamb Weston Holdings by 0.7% in the first quarter. Transamerica Financial Advisors Inc. now owns 3,845 shares of the specialty retailer’s stock valued at $162,000 after buying an additional 26 shares in the last quarter. Institutional investors and hedge funds own 77.26% of the company’s stock.
About Lamb Weston Holdings
Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.
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