Lamb Weston Holdings Inc. (NYSE:LW)‘s stock had its “equal weight” rating restated by investment analysts at Morgan Stanley in a report issued on Thursday. They presently have a $50.00 price objective on the specialty retailer’s stock, up from their prior price objective of $46.00. Morgan Stanley’s target price indicates a potential upside of 2.90% from the company’s current price.

Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded Lamb Weston Holdings from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Wednesday, July 12th. Bank of America Corporation upped their price target on Lamb Weston Holdings from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, July 10th. Jefferies Group LLC reiterated a “buy” rating and issued a $58.00 price target (up from $53.00) on shares of Lamb Weston Holdings in a research report on Thursday. Finally, Stifel Nicolaus cut 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 research report on Tuesday, July 4th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.22.

Shares of Lamb Weston Holdings (NYSE:LW) opened at 48.685 on Thursday. The company has a market capitalization of $7.11 billion and a PE ratio of 21.930. Lamb Weston Holdings has a 1-year low of $29.62 and a 1-year high of $49.94. The firm has a 50-day moving average price of $45.97 and a 200-day moving average price of $44.37.

Lamb Weston Holdings (NYSE:LW) last announced its quarterly earnings results on Wednesday, October 4th. The specialty retailer reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. Lamb Weston Holdings had a negative return on equity of 50.81% and a net margin of 10.31%. The firm had revenue of $817.50 million for the quarter, compared to analysts’ expectations of $795.61 million. Lamb Weston Holdings’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities analysts anticipate that Lamb Weston Holdings will post $2.32 earnings per share for the current year.

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Several hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC grew its holdings in shares of Lamb Weston Holdings by 81.5% during the second quarter. Advisory Services Network LLC now owns 3,094 shares of the specialty retailer’s stock worth $136,000 after purchasing an additional 1,389 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Lamb Weston Holdings by 1.5% during the second quarter. Ameritas Investment Partners Inc. now owns 41,859 shares of the specialty retailer’s stock worth $1,843,000 after purchasing an additional 623 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Lamb Weston Holdings by 28.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 30,565 shares of the specialty retailer’s stock worth $1,346,000 after purchasing an additional 6,861 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Lamb Weston Holdings by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 203,992 shares of the specialty retailer’s stock worth $8,983,000 after purchasing an additional 3,434 shares during the last quarter. Finally, CNH Partners LLC grew its holdings in shares of Lamb Weston Holdings by 0.9% during the second quarter. CNH Partners LLC now owns 705,730 shares of the specialty retailer’s stock worth $31,080,000 after purchasing an additional 6,165 shares during the last quarter. Institutional investors own 79.78% of the company’s stock.

About Lamb Weston Holdings

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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