Lamb Weston (NYSE:LW) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.
Other equities analysts also recently issued reports about the stock. CL King downgraded shares of Lamb Weston from a “buy” rating to a “neutral” rating in a report on Thursday, October 25th. Zacks Investment Research upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Wednesday, October 24th. Stifel Nicolaus upped their price objective on shares of Lamb Weston from $68.00 to $74.00 and gave the company a “hold” rating in a report on Wednesday, October 3rd. Finally, Jefferies Financial Group boosted their target price on shares of Lamb Weston from $71.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $72.00.
NYSE:LW opened at $82.02 on Thursday. Lamb Weston has a one year low of $50.60 and a one year high of $82.04. The firm has a market capitalization of $11.84 billion, a price-to-earnings ratio of 28.56, a P/E/G ratio of 2.47 and a beta of -0.53.
Lamb Weston (NYSE:LW) last released its quarterly earnings data on Tuesday, October 2nd. The specialty retailer reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.05. Lamb Weston had a net margin of 12.52% and a negative return on equity of 110.81%. The firm had revenue of $914.90 million for the quarter, compared to the consensus estimate of $879.68 million. During the same period in the previous year, the company earned $0.57 earnings per share. The company’s quarterly revenue was up 11.9% on a year-over-year basis. Equities research analysts predict that Lamb Weston will post 2.99 EPS for the current year.
Institutional investors have recently made changes to their positions in the company. Destination Wealth Management boosted its position in shares of Lamb Weston by 191.8% in the second quarter. Destination Wealth Management now owns 1,459 shares of the specialty retailer’s stock valued at $100,000 after acquiring an additional 959 shares during the period. Acadian Asset Management LLC boosted its position in shares of Lamb Weston by 1,114.8% in the second quarter. Acadian Asset Management LLC now owns 1,810 shares of the specialty retailer’s stock valued at $124,000 after acquiring an additional 1,661 shares during the period. Fort L.P. bought a new stake in shares of Lamb Weston in the second quarter valued at about $124,000. Parallel Advisors LLC boosted its position in shares of Lamb Weston by 198.5% in the second quarter. Parallel Advisors LLC now owns 1,943 shares of the specialty retailer’s stock valued at $133,000 after acquiring an additional 1,292 shares during the period. Finally, Financial Advocates Investment Management bought a new stake in shares of Lamb Weston in the second quarter valued at about $200,000. 79.76% of the stock is owned by institutional investors.
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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