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

Freedom Broker started coverage on shares of Lamb Weston (NYSE:LW) in a research report issued on Wednesday, Zacks reports. The firm set a “hold” rating on the specialty retailer’s stock.

A number of other research firms have also commented on LW. Zacks Research raised shares of Lamb Weston from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 9th. Barclays boosted their price objective on shares of Lamb Weston from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, October 8th. Sanford C. Bernstein increased their target price on shares of Lamb Weston from $42.00 to $57.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 28th. Stifel Nicolaus increased their target price on shares of Lamb Weston from $45.00 to $52.00 and gave the stock a “hold” rating in a research report on Monday, July 27th. Finally, Wells Fargo & Company lowered their target price on shares of Lamb Weston from $57.00 to $54.00 and set an “overweight” rating on the stock in a report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Lamb Weston has a consensus rating of “Hold” and a consensus price target of $53.82.

Lamb Weston Stock Up 3.0%

LW stock opened at $56.58 on Wednesday. Lamb Weston has a fifty-two week low of $37.62 and a fifty-two week high of $63.07. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.45 and a quick ratio of 0.77. The stock has a market capitalization of $7.80 billion, a price-to-earnings ratio of 30.92, a PEG ratio of 1.99 and a beta of 0.49. The business’s fifty day moving average price is $49.99 and its two-hundred day moving average price is $46.78.

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

Institutional Trading of Lamb Weston

Several large investors have recently modified their holdings of the stock. Lido Advisors LLC bought a new position in Lamb Weston in the 3rd quarter valued at about $228,000. AlphaCore Capital LLC increased its holdings in shares of Lamb Weston by 78.4% during the third quarter. AlphaCore Capital LLC now owns 8,471 shares of the specialty retailer’s stock worth $353,000 after buying an additional 3,724 shares in the last quarter. Fulcrum Asset Management LLP increased its holdings in Lamb Weston by 4,226.7% in the 3rd quarter. Fulcrum Asset Management LLP now owns 649 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 634 shares in the last quarter. Hohimer Wealth Management LLC acquired a new position in Lamb Weston in the 3rd quarter worth about $476,000. Finally, Ethic Inc. raised its position in Lamb Weston by 3.0% in the third quarter. Ethic Inc. now owns 21,099 shares of the specialty retailer’s stock valued at $880,000 after purchasing an additional 619 shares during the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

About Lamb Weston

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.