Lamb Weston (NYSE:LW) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

According to Zacks, “Lamb Weston Holdings, Inc. is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers. Lamb Weston Holdings, Inc. is headquartered in Eagle, Idaho. “

LW has been the topic of a number of other research reports. Bank of America lifted their price target on shares of Lamb Weston from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Jefferies Group lifted their price target on shares of Lamb Weston to $64.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley reaffirmed an “equal weight” rating and set a $50.00 target price (up previously from $46.00) on shares of Lamb Weston in a research note on Thursday, October 5th. Finally, Stifel Nicolaus lifted their target price on shares of Lamb Weston from $54.00 to $58.00 and gave the stock a “hold” rating in a research note on Tuesday. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $53.13.

Lamb Weston (NYSE LW) traded up $0.48 during trading on Friday, reaching $57.70. 2,317,200 shares of the company were exchanged, compared to its average volume of 1,140,000. Lamb Weston has a 1 year low of $35.81 and a 1 year high of $58.00. The firm has a market cap of $8,440.00 and a PE ratio of 25.76. The company has a quick ratio of 0.67, a current ratio of 1.62 and a debt-to-equity ratio of -4.10.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Thursday, January 4th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. Lamb Weston had a net margin of 10.31% and a negative return on equity of 50.81%. The firm had revenue of $824.60 million for the quarter, compared to analysts’ expectations of $815.29 million. During the same quarter last year, the company earned $0.63 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. sell-side analysts predict that Lamb Weston will post 2.36 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Blair William & Co. IL boosted its stake in Lamb Weston by 0.3% during the 2nd quarter. Blair William & Co. IL now owns 6,600 shares of the specialty retailer’s stock worth $291,000 after purchasing an additional 21 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in Lamb Weston by 1.5% during the 2nd 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. Comerica Securities Inc. boosted its stake in Lamb Weston by 0.9% during the 2nd quarter. Comerica Securities Inc. now owns 80,923 shares of the specialty retailer’s stock worth $3,564,000 after purchasing an additional 741 shares during the last quarter. ING Groep NV boosted its stake in Lamb Weston by 9.9% during the 3rd quarter. ING Groep NV now owns 11,276 shares of the specialty retailer’s stock worth $529,000 after purchasing an additional 1,019 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in Lamb Weston by 1.0% during the 3rd quarter. First Trust Advisors LP now owns 113,354 shares of the specialty retailer’s stock worth $5,315,000 after purchasing an additional 1,079 shares during the last quarter. 79.38% of the stock is currently owned by institutional investors.

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Lamb Weston 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.

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