Lamb Weston Holdings Inc. (NYSE:LW) Stock Rating Lowered by Stifel Nicolaus
Stifel Nicolaus cut shares of Lamb Weston Holdings Inc. (NYSE:LW) from a buy rating to a hold rating in a research report sent to investors on Tuesday, July 4th, StockTargetPrices.com reports. Stifel Nicolaus currently has $44.00 price objective on the specialty retailer’s stock, up from their previous price objective of $42.00.
Several other brokerages have also recently issued reports on LW. Zacks Investment Research cut Lamb Weston Holdings from a buy rating to a hold rating and set a $52.00 price objective for the company. in a research note on Tuesday, June 6th. CL King started coverage on Lamb Weston Holdings in a research note on Tuesday, May 23rd. They issued a strong-buy rating and a $55.00 price objective for the company. Jefferies Group LLC reissued a buy rating and set a $53.00 target price (up previously from $50.00) on shares of Lamb Weston Holdings in a research report on Friday, May 19th. Finally, Berenberg Bank started coverage on Lamb Weston Holdings in a research report on Tuesday, May 16th. They set a buy rating and a $49.00 price target on the stock. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $46.22.
Shares of Lamb Weston Holdings (NYSE LW) traded up 0.6013% during mid-day trading on Tuesday, reaching $43.4799. 286,681 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $44.49 and its 200-day moving average price is $42.36. The stock has a market cap of $6.35 billion and a price-to-earnings ratio of 19.5855. Lamb Weston Holdings has a 12-month low of $28.75 and a 12-month high of $49.94.
Lamb Weston Holdings (NYSE:LW) last announced its earnings results on Tuesday, July 25th. The specialty retailer reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $833 million for the quarter, compared to analysts’ expectations of $810.85 million. During the same quarter last year, the business earned $0.29 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. Equities research analysts forecast that Lamb Weston Holdings will post $2.30 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 4th will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $0.75 dividend on an annualized basis and a yield of 1.74%.
Hedge funds have recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Lamb Weston Holdings during the fourth quarter valued at about $50,373,000. Teachers Retirement System of The State of Kentucky acquired a new position in Lamb Weston Holdings during the fourth quarter valued at approximately $1,272,000. United Capital Financial Advisers LLC acquired a new position in Lamb Weston Holdings during the fourth quarter valued at approximately $526,000. Cigna Investments Inc. New acquired a new position in Lamb Weston Holdings during the fourth quarter valued at approximately $206,000. Finally, Guggenheim Capital LLC acquired a new position in Lamb Weston Holdings during the fourth quarter valued at approximately $6,813,000. Institutional investors and hedge funds own 77.56% 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.
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