Lamb Weston (NYSE:LW) Stock Rating Lowered by Wall Street Zen

Lamb Weston (NYSE:LW – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.

Several other research firms also recently issued reports on LW. Weiss Ratings upgraded Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Stifel Nicolaus lifted their price target on Lamb Weston from $45.00 to $52.00 and gave the company a “hold” rating in a research report on Monday, July 27th. TD Cowen lifted their price target on Lamb Weston from $40.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday, July 28th. Sanford C. Bernstein boosted their price objective on Lamb Weston from $42.00 to $57.00 and gave the company a “market perform” rating in a research note on Tuesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $52.00 price objective on shares of Lamb Weston in a report on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $52.73.

Read Our Latest Research Report on Lamb Weston

Lamb Weston Stock Performance

NYSE LW opened at $43.60 on Friday. The company’s 50 day moving average is $50.30 and its 200-day moving average is $45.93. Lamb Weston has a 12-month low of $37.62 and a 12-month high of $67.07. The company has a quick ratio of 0.74, a current ratio of 1.42 and a debt-to-equity ratio of 1.97. The firm has a market cap of $5.99 billion, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 1.94 and a beta of 0.49.

Lamb Weston (NYSE:LW – Get Free Report) last announced its quarterly earnings results on Friday, July 24th. The specialty retailer reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.24. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Lamb Weston had a net margin of 4.39% and a return on equity of 23.33%. Lamb Weston’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.87 EPS. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. Sell-side analysts predict that Lamb Weston will post 3.06 earnings per share for the current year.

Hedge Funds Weigh In On Lamb Weston

A number of hedge funds and other institutional investors have recently bought and sold shares of LW. Jones Financial Companies Lllp purchased a new stake in shares of Lamb Weston during the 2nd quarter valued at $25,000. MCF Advisors LLC lifted its holdings in shares of Lamb Weston by 44.2% during the 4th quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 199 shares during the last quarter. Edmond DE Rothschild Holding S.A. purchased a new position in Lamb Weston in the second quarter worth $29,000. Hantz Financial Services Inc. grew its position in Lamb Weston by 380.7% in the fourth quarter. Hantz Financial Services Inc. now owns 721 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 571 shares in the last quarter. Finally, Bell Investment Advisors Inc bought a new position in Lamb Weston in the second quarter valued at $36,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Company Profile

(Get Free Report)

Lamb Weston Holdings, Inc (NYSE: LW) is a global producer and marketer of frozen potato products. The company supplies French fries, potato wedges, hash browns, potato rounds, mashed potatoes and other specialty potato products to restaurants, foodservice distributors, retailers and food manufacturers.

Its product portfolio includes conventional and specialty frozen potato offerings, as well as sweet potato products and appetizer items. Lamb Weston sells products under its Lamb Weston and Grown in Idaho brands, while also providing private-label products for retail and foodservice customers.

The company’s history dates to the 1950s, when it began producing frozen potato products in the Pacific Northwest.

Further Reading

Analyst Recommendations for Lamb Weston (NYSE:LW)

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