Lamb Weston Holdings Inc. (NYSE:LW) has been assigned a consensus rating of “Buy” from the nine brokerages that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $46.00.

A number of equities analysts recently commented on LW shares. CL King started coverage on shares of 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. Zacks Investment Research raised shares of Lamb Weston Holdings from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Friday, May 26th. Bank of America Corporation boosted their price objective on shares of Lamb Weston Holdings from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Jefferies Group LLC reissued a “buy” rating and issued a $53.00 price objective (up previously from $50.00) on shares of Lamb Weston Holdings in a research note on Friday, May 19th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $46.00 price objective (up previously from $45.00) on shares of Lamb Weston Holdings in a research note on Wednesday, July 26th.

A number of large investors have recently modified their holdings of LW. Blair William & Co. IL grew its holdings in Lamb Weston Holdings by 0.3% in the second 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. Transamerica Financial Advisors Inc. grew its holdings in Lamb Weston Holdings by 0.7% in the first quarter. Transamerica Financial Advisors Inc. now owns 3,845 shares of the specialty retailer’s stock worth $162,000 after purchasing an additional 26 shares during the last quarter. Bollard Group LLC grew its holdings in Lamb Weston Holdings by 0.3% in the second quarter. Bollard Group LLC now owns 25,163 shares of the specialty retailer’s stock worth $1,108,000 after purchasing an additional 75 shares during the last quarter. Bessemer Group Inc. grew its holdings in Lamb Weston Holdings by 3.4% in the second quarter. Bessemer Group Inc. now owns 4,462 shares of the specialty retailer’s stock worth $197,000 after purchasing an additional 145 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in Lamb Weston Holdings by 1.8% in the second quarter. Teacher Retirement System of Texas now owns 11,069 shares of the specialty retailer’s stock worth $487,000 after purchasing an additional 193 shares during the last quarter. 79.78% of the stock is owned by institutional investors.

Lamb Weston Holdings (LW) traded up 0.69% during mid-day trading on Tuesday, hitting $46.39. The company had a trading volume of 1,962,652 shares. The company has a 50 day moving average of $44.90 and a 200 day moving average of $43.76. The firm has a market capitalization of $6.78 billion and a PE ratio of 20.90. Lamb Weston Holdings has a 1-year low of $29.62 and a 1-year high of $49.94.

Lamb Weston Holdings (NYSE:LW) last posted its quarterly earnings results on Tuesday, July 25th. The specialty retailer reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The company had revenue of $833.00 million for the quarter, compared to the consensus estimate of $810.85 million. The business’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.29 EPS. Analysts predict that Lamb Weston Holdings will post $2.30 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 4th were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Wednesday, August 2nd.

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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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