Shares of Lamb Weston Holdings Inc. (NYSE:LW) have been given an average rating of “Buy” by the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $46.00.

Several research firms have commented on LW. Berenberg Bank began coverage on shares of Lamb Weston Holdings in a report on Tuesday, May 16th. They issued a “buy” rating and a $49.00 price target on the stock. Stifel Nicolaus lowered shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and upped their price target for the company from $42.00 to $44.00 in a report on Tuesday, July 4th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $53.00 price target (up from $50.00) on shares of Lamb Weston Holdings in a report on Friday, May 19th. Zacks Investment Research lowered shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $46.00 price target (up from $45.00) on shares of Lamb Weston Holdings in a report on Wednesday, July 26th.

Large investors have recently bought and sold shares of the company. Advisory Services Network LLC raised its stake in Lamb Weston Holdings by 81.5% in the second quarter. Advisory Services Network LLC now owns 3,094 shares of the specialty retailer’s stock valued at $136,000 after buying an additional 1,389 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in Lamb Weston Holdings by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 41,859 shares of the specialty retailer’s stock valued at $1,843,000 after buying an additional 623 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Lamb Weston Holdings by 28.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 30,565 shares of the specialty retailer’s stock valued at $1,346,000 after buying an additional 6,861 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Lamb Weston Holdings by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 203,992 shares of the specialty retailer’s stock valued at $8,983,000 after buying an additional 3,434 shares during the last quarter. Finally, CNH Partners LLC raised its stake in Lamb Weston Holdings by 0.9% in the second quarter. CNH Partners LLC now owns 705,730 shares of the specialty retailer’s stock valued at $31,080,000 after buying an additional 6,165 shares during the last quarter. 77.05% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Holdings (LW) opened at 45.37 on Friday. Lamb Weston Holdings has a one year low of $28.75 and a one year high of $49.94. The company has a 50-day moving average price of $44.08 and a 200-day moving average price of $42.88. The company has a market capitalization of $6.63 billion and a PE ratio of 20.44.

Lamb Weston Holdings (NYSE:LW) last posted its quarterly earnings results on Tuesday, July 25th. The specialty retailer reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $833 million during the quarter, compared to analysts’ expectations of $810.85 million. During the same period in the previous year, the company posted $0.29 earnings per share. Lamb Weston Holdings’s revenue for the quarter was up 7.2% compared to the same quarter last year. Analysts expect that Lamb Weston Holdings will post $2.30 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 4th will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Wednesday, August 2nd.

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Lamb Weston Holdings Company Profile

Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.

Analyst Recommendations for Lamb Weston Holdings (NYSE:LW)

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