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.
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.
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