Lamb Weston (NYSE:LW) Receives Consensus Rating of "Hold" from Brokerages

Shares of Lamb Weston (NYSE:LW - Get Free Report) have been assigned a consensus rating of "Hold" from the twelve ratings firms that are currently covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $67.73.

LW has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Lamb Weston from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Barclays decreased their price objective on shares of Lamb Weston from $69.00 to $61.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. Bank of America lowered their target price on shares of Lamb Weston from $60.00 to $56.00 and set a "neutral" rating for the company in a research note on Wednesday, June 18th. Wells Fargo & Company decreased their price target on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Finally, Jefferies Financial Group dropped their price objective on Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, April 11th.

Lamb Weston Trading Up 0.6%

Shares of Lamb Weston stock traded up $0.33 during mid-day trading on Wednesday, hitting $52.70. The stock had a trading volume of 1,936,247 shares, compared to its average volume of 2,650,825. The firm has a 50-day moving average of $53.12 and a two-hundred day moving average of $56.29. The firm has a market cap of $7.44 billion, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 1.15 and a beta of 0.46. The company has a quick ratio of 0.58, a current ratio of 1.35 and a debt-to-equity ratio of 2.25. Lamb Weston has a 12-month low of $47.90 and a 12-month high of $83.98.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.23. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. Lamb Weston had a return on equity of 27.25% and a net margin of 5.74%. The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.20 earnings per share. Sell-side analysts forecast that Lamb Weston will post 3.1 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wayfinding Financial LLC purchased a new stake in shares of Lamb Weston during the first quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Lamb Weston during the first quarter worth $28,000. Whipplewood Advisors LLC grew its holdings in Lamb Weston by 3,466.7% in the first quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 520 shares during the period. Putney Financial Group LLC acquired a new position in shares of Lamb Weston in the 4th quarter valued at about $34,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Lamb Weston in the 4th quarter valued at $36,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

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.