Zacks Investment Research downgraded shares of Lamb Weston Holdings Inc. (NYSE:LW) from a buy rating to a hold rating in a report issued on Wednesday, May 24th.

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. “

Several other brokerages have also commented on LW. CL King began coverage on Lamb Weston Holdings in a research note on Tuesday, May 23rd. They set a strong-buy rating and a $55.00 price target on the stock. Jefferies Group LLC reissued a buy rating and set a $53.00 price target (up previously from $50.00) on shares of Lamb Weston Holdings in a research note on Friday, May 19th. Stifel Nicolaus lowered Lamb Weston Holdings from a buy rating to a hold rating and boosted their price target for the stock from $42.00 to $44.00 in a research note on Friday, April 7th. Berenberg Bank assumed coverage on Lamb Weston Holdings in a research note on Tuesday, May 16th. They issued a buy rating and a $49.00 target price on the stock. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on Lamb Weston Holdings in a research note on Wednesday, February 8th. They issued a neutral rating and a $38.00 target price on the stock. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and an average target price of $43.56.

Lamb Weston Holdings (LW) traded down 0.55% on Wednesday, reaching $45.07. The company had a trading volume of 1,658,171 shares. The stock’s 50 day moving average is $44.34 and its 200-day moving average is $40.39. The stock has a market capitalization of $6.58 billion and a P/E ratio of 22.21. Lamb Weston Holdings has a 1-year low of $28.75 and a 1-year high of $47.99.

Lamb Weston Holdings (NYSE:LW) last announced its quarterly earnings results on Thursday, April 6th. The specialty retailer reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.05. The firm had revenue of $768.50 million for the quarter, compared to analysts’ expectations of $759.74 million. Lamb Weston Holdings’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities analysts predict that Lamb Weston Holdings will post $2.30 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which was paid on Friday, June 2nd. Investors of record on Sunday, April 30th were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Wednesday, April 26th.

Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp acquired a new position in shares of Lamb Weston Holdings during the fourth quarter worth $182,802,000. Symons Capital Management Inc. acquired a new position in shares of Lamb Weston Holdings during the fourth quarter worth $5,487,000. Cipher Capital LP acquired a new position in shares of Lamb Weston Holdings during the fourth quarter worth $1,984,000. Clark Capital Management Group Inc. acquired a new position in shares of Lamb Weston Holdings during the fourth quarter worth $329,000. Finally, Comerica Bank acquired a new position in shares of Lamb Weston Holdings during the fourth quarter worth $23,580,000. 78.91% of the stock is currently owned by institutional investors.

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.

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