Lamb Weston Holdings, Inc. (NYSE:LW) Receives Consensus Rating of “Buy” from Brokerages

Shares of Lamb Weston Holdings, Inc. (NYSE:LW) have earned a consensus recommendation of “Buy” from the ten brokerages that are covering the stock, Marketbeat reports. Ten investment analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have covered the stock in the last year is $117.40.

LW has been the subject of a number of analyst reports. Citigroup decreased their target price on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a research note on Monday, April 8th. Bank of America decreased their target price on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Wells Fargo & Company decreased their target price on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a research note on Friday, April 5th. Barclays decreased their target price on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a research note on Monday, April 8th. Finally, BNP Paribas initiated coverage on shares of Lamb Weston in a research note on Monday, March 11th. They set an “outperform” rating and a $128.00 target price for the company.

Lamb Weston Price Performance

Shares of NYSE LW opened at $84.85 on Friday. Lamb Weston has a 1 year low of $77.41 and a 1 year high of $117.38. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.19 and a quick ratio of 0.52. The company’s 50-day moving average is $85.12 and its 200 day moving average is $96.41. The stock has a market capitalization of $12.25 billion, a P/E ratio of 11.33, a P/E/G ratio of 1.25 and a beta of 0.75.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.20). Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the prior year, the firm earned $1.43 EPS. Lamb Weston’s quarterly revenue was up 16.3% compared to the same quarter last year. On average, sell-side analysts expect that Lamb Weston will post 5.54 earnings per share for the current year.

Institutional Investors Weigh In On Lamb Weston

Large investors have recently added to or reduced their stakes in the stock. WFA Asset Management Corp boosted its stake in shares of Lamb Weston by 248.6% during the 1st quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 174 shares during the last quarter. VisionPoint Advisory Group LLC boosted its stake in shares of Lamb Weston by 113.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 161 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of Lamb Weston during the 1st quarter worth $28,000. Redmont Wealth Advisors LLC purchased a new position in shares of Lamb Weston during the 1st quarter worth $32,000. Finally, Vima LLC purchased a new position in shares of Lamb Weston during the 4th quarter worth $50,000. Institutional investors 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.