Lamb Weston Holdings Inc. (NYSE:LW) had its price target boosted by Bank of America Corporation from $52.00 to $57.00 in a report released on Monday. The firm currently has a “buy” rating on the specialty retailer’s stock. Bank of America Corporation’s price target points to a potential upside of 10.34% from the stock’s current price.

Several other brokerages have also recently commented on LW. Morgan Stanley reiterated an “equal weight” rating and set a $46.00 price target (up from $45.00) on shares of Lamb Weston Holdings in a research report on Wednesday, July 26th. Jefferies Group LLC reiterated a “buy” rating and set a $53.00 price target on shares of Lamb Weston Holdings in a research report on Monday, September 25th. Finally, Zacks Investment Research upgraded Lamb Weston Holdings from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Friday, October 6th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $48.89.

Shares of Lamb Weston Holdings (NYSE:LW) opened at $51.66 on Monday. The company has a debt-to-equity ratio of -4.10, a quick ratio of 0.67 and a current ratio of 1.62. Lamb Weston Holdings has a 12-month low of $28.75 and a 12-month high of $52.47. The company has a market capitalization of $7,611.02 and a P/E ratio of 22.64.

Lamb Weston Holdings (NYSE:LW) last issued its quarterly earnings results on Wednesday, October 4th. The specialty retailer reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $795.61 million. The firm’s revenue was up 5.3% compared to the same quarter last year. analysts predict that Lamb Weston Holdings will post 2.36 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LW. Janus Henderson Group PLC boosted its stake in Lamb Weston Holdings by 33,787.6% during the second quarter. Janus Henderson Group PLC now owns 2,676,101 shares of the specialty retailer’s stock worth $117,856,000 after buying an additional 2,668,204 shares during the last quarter. Conatus Capital Management LP acquired a new position in Lamb Weston Holdings during the second quarter worth $41,925,000. Balyasny Asset Management LLC boosted its stake in Lamb Weston Holdings by 5,398.6% during the second quarter. Balyasny Asset Management LLC now owns 716,192 shares of the specialty retailer’s stock worth $31,541,000 after buying an additional 703,167 shares during the last quarter. Harris Associates L P acquired a new position in Lamb Weston Holdings during the second quarter worth $30,823,000. Finally, Renaissance Technologies LLC boosted its stake in Lamb Weston Holdings by 596.0% during the second quarter. Renaissance Technologies LLC now owns 569,300 shares of the specialty retailer’s stock worth $25,072,000 after buying an additional 487,500 shares during the last quarter. 79.79% 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.

Analyst Recommendations for Lamb Weston Holdings (NYSE:LW)

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