Lamb Weston (LW) Earns Outperform Rating from Analysts at Consumer Edge

Equities research analysts at Consumer Edge initiated coverage on shares of Lamb Weston (NYSE:LW) in a research report issued to clients and investors on Friday, March 22nd, MarketBeat.com reports. The brokerage set an “outperform” rating on the specialty retailer’s stock.

A number of other equities research analysts have also issued reports on the stock. Jefferies Financial Group set a $85.00 target price on shares of Lamb Weston and gave the company a “buy” rating in a research note on Friday, January 4th. Barclays upped their target price on shares of Lamb Weston from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, January 7th. Daiwa Capital Markets started coverage on shares of Lamb Weston in a research note on Wednesday, February 27th. They issued an “outperform” rating on the stock. Stifel Nicolaus upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Tuesday, January 22nd. Finally, Zacks Investment Research lowered shares of Lamb Weston from a “hold” rating to a “sell” rating in a research note on Tuesday, March 19th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $78.83.

Lamb Weston stock traded up $0.09 during trading on Friday, reaching $71.20. 788,500 shares of the company’s stock were exchanged, compared to its average volume of 1,703,240. Lamb Weston has a 52-week low of $63.02 and a 52-week high of $83.86. The stock has a market cap of $10.48 billion, a price-to-earnings ratio of 26.77, a price-to-earnings-growth ratio of 1.81 and a beta of -0.18.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Tuesday, April 2nd. The specialty retailer reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.13. The company had revenue of $926.80 million during the quarter, compared to analysts’ expectations of $898.46 million. Lamb Weston had a net margin of 12.47% and a negative return on equity of 230.44%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 EPS. On average, analysts predict that Lamb Weston will post 3.19 earnings per share for the current year.

Several large investors have recently made changes to their positions in LW. Capital International Investors bought a new stake in Lamb Weston during the third quarter worth approximately $198,541,000. Oregon Public Employees Retirement Fund boosted its holdings in Lamb Weston by 4,768.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,807,491 shares of the specialty retailer’s stock worth $38,000 after buying an additional 2,749,828 shares in the last quarter. Millennium Management LLC boosted its holdings in Lamb Weston by 372.0% during the fourth quarter. Millennium Management LLC now owns 2,900,859 shares of the specialty retailer’s stock worth $213,387,000 after buying an additional 2,286,275 shares in the last quarter. Norges Bank bought a new stake in Lamb Weston during the fourth quarter worth approximately $107,505,000. Finally, Two Sigma Investments LP boosted its holdings in Lamb Weston by 649.6% during the fourth quarter. Two Sigma Investments LP now owns 1,169,616 shares of the specialty retailer’s stock worth $86,037,000 after buying an additional 1,013,584 shares in the last quarter. Institutional investors own 83.10% of the company’s stock.

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.

Recommended Story: Do closed-end mutual funds pay dividends?

Analyst Recommendations for Lamb Weston (NYSE:LW)

Receive News & Ratings for Lamb Weston Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamb Weston and related companies with MarketBeat.com's FREE daily email newsletter.