Lamb Weston Holdings Inc. (LW) Downgraded by Stifel Nicolaus

Stifel Nicolaus lowered shares of Lamb Weston Holdings Inc. (NYSE:LW) from a buy rating to a hold rating in a research note published on Tuesday, July 4th, StockTargetPrices.com reports. They currently have $44.00 price objective on the specialty retailer’s stock, up from their prior price objective of $42.00.

Other analysts have also recently issued reports about the company. Zacks Investment Research raised Lamb Weston Holdings from a hold rating to a buy rating and set a $51.00 price objective for the company in a report on Friday, May 26th. Jefferies Group LLC boosted their price objective on Lamb Weston Holdings from $45.00 to $48.00 and gave the stock a buy rating in a report on Monday, March 6th. Berenberg Bank started coverage on Lamb Weston Holdings in a research note on Tuesday, May 16th. They issued a buy rating and a $49.00 price target for the company. Finally, 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 target for the company. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Lamb Weston Holdings presently has an average rating of Buy and an average price target of $46.22.

Lamb Weston Holdings (NYSE LW) traded down 0.09% during midday trading on Tuesday, hitting $43.82. 951,064 shares of the stock traded hands. The company’s 50-day moving average is $44.59 and its 200-day moving average is $42.18. Lamb Weston Holdings has a one year low of $28.75 and a one year high of $49.94. The company has a market cap of $6.40 billion and a PE ratio of 21.60.

Lamb Weston Holdings (NYSE:LW) last released its quarterly earnings results on Tuesday, July 25th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. The business had revenue of $833 million during the quarter, compared to the consensus estimate of $810.85 million. During the same period in the prior year, the firm earned $0.29 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities research analysts expect that Lamb Weston Holdings will post $2.30 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 4th will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Wednesday, August 2nd.

Several large investors have recently added to or reduced their stakes in the stock. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in Lamb Weston Holdings by 165.9% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,366 shares of the specialty retailer’s stock valued at $142,000 after buying an additional 2,100 shares during the last quarter. Transamerica Financial Advisors Inc. boosted its stake 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 buying an additional 26 shares during the period. State of Alaska Department of Revenue acquired a new stake in Lamb Weston Holdings during the second quarter worth $175,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Lamb Weston Holdings during the first quarter worth $170,000. Finally, Bessemer Group Inc. boosted its stake 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 buying an additional 145 shares during the period. 77.92% of the stock is 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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