Lamb Weston (NYSE:LW) Now Covered by Freedom Broker

Investment analysts at Freedom Broker began coverage on shares of Lamb Weston (NYSE:LW) in a research note issued to investors on Wednesday, Zacks reports. The brokerage set a “hold” rating on the specialty retailer’s stock.

A number of other equities analysts also recently weighed in on the stock. Weiss Ratings upgraded shares of Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 23rd. Wall Street Zen lowered shares of Lamb Weston from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. Sanford C. Bernstein increased their price target on shares of Lamb Weston from $42.00 to $57.00 and gave the company a “market perform” rating in a research note on Tuesday, July 28th. Stephens lifted their price objective on shares of Lamb Weston from $50.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, October 8th. Finally, Wells Fargo & Company lowered their price objective on shares of Lamb Weston from $57.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lamb Weston presently has an average rating of “Hold” and an average target price of $53.82.

Lamb Weston Stock Up 3.0%

LW stock opened at $56.58 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 1.45 and a debt-to-equity ratio of 1.98. The business has a 50 day moving average price of $49.99 and a two-hundred day moving average price of $46.78. The company has a market cap of $7.80 billion, a price-to-earnings ratio of 30.92, a P/E/G ratio of 1.99 and a beta of 0.49. Lamb Weston has a twelve month low of $37.62 and a twelve month high of $63.07.

Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Tuesday, October 6th. The specialty retailer reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.16. Lamb Weston had a return on equity of 23.27% and a net margin of 3.85%. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the firm earned $0.74 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. Lamb Weston has set its FY 2027 guidance at 3.050-3.350 EPS. Analysts anticipate that Lamb Weston will post 3.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Lamb Weston

Several hedge funds have recently added to or reduced their stakes in LW. BlackRock Inc. bought a new position in Lamb Weston in the 2nd quarter valued at about $730,276,000. Bank of New York Mellon Corp acquired a new stake in Lamb Weston during the second quarter worth approximately $51,521,000. Arrowstreet Capital Limited Partnership lifted its position in Lamb Weston by 350.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,451,954 shares of the specialty retailer’s stock worth $61,360,000 after acquiring an additional 1,129,918 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Lamb Weston by 28.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,742,208 shares of the specialty retailer’s stock worth $115,865,000 after acquiring an additional 601,171 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Lamb Weston by 349.1% during the first quarter. Principal Financial Group Inc. now owns 690,493 shares of the specialty retailer’s stock worth $29,180,000 after acquiring an additional 536,745 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Company Profile

Lamb Weston Holdings, Inc (NYSE:LW) is a global producer and distributor of frozen potato products. The company supplies French fries, potato wedges, hash browns, tater tots, mashed potatoes, sweet potato products and other potato-based offerings to foodservice operators, restaurants, retailers and institutional customers.

Lamb Weston serves customers in North America and international markets through a portfolio of branded, licensed and customer-specific products. Its offerings are used by restaurants, schools, hospitals, hotels and other foodservice establishments, as well as sold through retail and grocery channels.