Lamb Weston (NYSE:LW) Stock Rating Upgraded by StockNews.com

Lamb Weston (NYSE:LW) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

LW has been the topic of a number of other research reports. Wells Fargo & Company cut their price target on shares of Lamb Weston from $72.00 to $66.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $57.00 target price on shares of Lamb Weston in a research report on Wednesday, March 19th. Stifel Nicolaus set a $56.00 price target on Lamb Weston and gave the company a “hold” rating in a research report on Thursday, April 24th. Finally, Jefferies Financial Group cut 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. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Lamb Weston has a consensus rating of “Hold” and a consensus price target of $70.64.

Lamb Weston Stock Down 1.3 %

Shares of NYSE LW opened at $50.80 on Thursday. The firm’s 50 day moving average price is $53.05 and its 200 day moving average price is $62.59. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The firm has a market cap of $7.17 billion, a P/E ratio of 20.08, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46. Lamb Weston has a 1 year low of $47.90 and a 1 year high of $89.51.

Lamb Weston (NYSE:LW) last released its earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.87 by $0.23. The firm 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 27.82% and a net margin of 5.80%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.20 earnings per share. As a group, sell-side analysts anticipate that Lamb Weston will post 3.1 earnings per share for the current year.

Institutional Trading of Lamb Weston

Hedge funds and other institutional investors have recently modified their holdings of the business. West Oak Capital LLC grew its stake in Lamb Weston by 155.7% during the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 274 shares in the last quarter. Putney Financial Group LLC acquired a new position in shares of Lamb Weston in the 4th quarter valued at approximately $34,000. Stonebridge Financial Group LLC purchased a new position in shares of Lamb Weston during the 4th quarter valued at approximately $35,000. Wayfinding Financial LLC acquired a new stake in shares of Lamb Weston during the first quarter worth approximately $28,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Lamb Weston in the first quarter worth $28,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Company Profile

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.