Jefferies Group Reaffirms “Buy” Rating for Lamb Weston (LW)

Jefferies Group reissued their buy rating on shares of Lamb Weston (NYSE:LW) in a research report released on Thursday. Jefferies Group currently has a $66.00 price target on the specialty retailer’s stock.

“3Q operating results were significantly better than our above-consensus estimates, & FY18 adj. EBITDA guidance was raised to be in line with our above-consensus estimates – implies 4Q EBIT 4% above consensus. Price/mix (core to our thesis) was significantly better than expected – price/mix of ~9% in Global was particularly impressive & reflects a highly favorable outcome on contracting & further validates/strengthens our thesis on tight capacity/ pricing power.”,” Jefferies Group’s analyst commented.

How to Become a New Pot Stock Millionaire

Several other research analysts have also commented on LW. Stifel Nicolaus raised their price objective on Lamb Weston from $54.00 to $58.00 and gave the company a hold rating in a research report on Tuesday, January 2nd. Zacks Investment Research lowered Lamb Weston from a buy rating to a hold rating in a research report on Friday, January 5th. Two investment 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 company’s stock. Lamb Weston currently has an average rating of Buy and an average price target of $59.71.

NYSE:LW opened at $61.78 on Thursday. The company has a debt-to-equity ratio of -5.98, a quick ratio of 0.63 and a current ratio of 1.72. Lamb Weston has a 12 month low of $40.75 and a 12 month high of $62.83. The stock has a market capitalization of $9,033.72, a price-to-earnings ratio of 24.42, a P/E/G ratio of 1.97 and a beta of 0.76.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Thursday, April 5th. The specialty retailer reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. Lamb Weston had a negative return on equity of 69.53% and a net margin of 11.75%. The company had revenue of $863.40 million for the quarter, compared to analyst estimates of $813.81 million. During the same period last year, the company posted $0.59 earnings per share. The firm’s revenue was up 12.3% compared to the same quarter last year. equities research analysts anticipate that Lamb Weston will post 2.61 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 4th will be given a dividend of $0.1913 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Thursday, May 3rd. Lamb Weston’s payout ratio is 32.76%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Garde Capital Inc. increased its position in shares of Lamb Weston by 22.8% during the fourth quarter. Garde Capital Inc. now owns 7,000 shares of the specialty retailer’s stock worth $395,000 after acquiring an additional 1,300 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Lamb Weston by 10.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 16,967 shares of the specialty retailer’s stock worth $958,000 after acquiring an additional 1,544 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new stake in shares of Lamb Weston during the fourth quarter worth about $628,000. William Blair Investment Management LLC increased its position in shares of Lamb Weston by 12.5% during the fourth quarter. William Blair Investment Management LLC now owns 17,932 shares of the specialty retailer’s stock worth $1,012,000 after acquiring an additional 1,995 shares during the last quarter. Finally, Phocas Financial Corp. increased its position in shares of Lamb Weston by 45.1% during the fourth quarter. Phocas Financial Corp. now owns 6,600 shares of the specialty retailer’s stock worth $373,000 after acquiring an additional 2,050 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

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About Lamb Weston

Lamb Weston Holdings, Inc produces and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

Analyst Recommendations for Lamb Weston (NYSE:LW)

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