Shares of Lamb Weston Holdings Inc (NYSE:LW) have been given a consensus recommendation of “Buy” by the eleven brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $76.86.
A number of equities analysts have recently issued reports on LW shares. Consumer Edge started coverage on shares of Lamb Weston in a research report on Friday, March 22nd. They set an “outperform” rating on the stock. Goldman Sachs Group upgraded shares of Lamb Weston from a “neutral” rating to a “buy” rating and set a $76.00 price objective on the stock in a report on Wednesday, June 19th. Bank of America upgraded shares of Lamb Weston from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday, May 7th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Lamb Weston from a “hold” rating to a “sell” rating in a report on Tuesday, March 19th. Finally, Stifel Nicolaus increased their price objective on shares of Lamb Weston from $80.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd.
Hedge funds have recently modified their holdings of the company. MUFG Securities EMEA plc bought a new stake in shares of Lamb Weston during the fourth quarter worth $13,793,000. Weiss Multi Strategy Advisers LLC acquired a new position in Lamb Weston during the fourth quarter worth $625,000. United Services Automobile Association boosted its holdings in Lamb Weston by 108.0% during the fourth quarter. United Services Automobile Association now owns 46,898 shares of the specialty retailer’s stock worth $3,450,000 after purchasing an additional 24,347 shares during the last quarter. Legal & General Group Plc boosted its holdings in Lamb Weston by 9.3% during the fourth quarter. Legal & General Group Plc now owns 748,195 shares of the specialty retailer’s stock worth $55,037,000 after purchasing an additional 63,937 shares during the last quarter. Finally, Sentry Investment Management LLC boosted its holdings in Lamb Weston by 135.6% during the first quarter. Sentry Investment Management LLC now owns 8,874 shares of the specialty retailer’s stock worth $665,000 after purchasing an additional 5,107 shares during the last quarter. 86.99% of the stock is owned by institutional investors.
NYSE:LW traded up $1.66 on Monday, reaching $63.36. The stock had a trading volume of 2,422,049 shares, compared to its average volume of 1,458,596. The firm has a market cap of $9.03 billion, a P/E ratio of 23.82, a P/E/G ratio of 1.51 and a beta of 0.13. Lamb Weston has a 1-year low of $58.83 and a 1-year high of $83.86. The stock’s fifty day simple moving average is $62.76.
Lamb Weston (NYSE:LW) last released its quarterly earnings results on Tuesday, April 2nd. The specialty retailer reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.13. Lamb Weston had a net margin of 12.47% and a negative return on equity of 230.44%. The firm had revenue of $926.80 million for the quarter, compared to analyst estimates of $898.46 million. During the same period in the previous year, the business earned $0.91 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, research analysts anticipate that Lamb Weston will post 3.21 EPS for the current fiscal year.
Lamb Weston Company Profile
Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.
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