Citigroup initiated coverage on Lamb Weston with a new price target
$LW
Packaged Foods
Consumer Staples
Citigroup initiated coverage of Lamb Weston with a rating of Buy and set a new price target of $132.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/7/2024 | $63.00 → $68.00 | Overweight → Neutral | JP Morgan |
| 7/26/2024 | Overweight → Equal Weight | Consumer Edge Research | |
| 7/25/2024 | $115.00 → $60.00 | Buy → Hold | Stifel |
| 7/25/2024 | $105.00 → $61.00 | Buy → Hold | TD Cowen |
| 3/11/2024 | $128.00 | Outperform | Exane BNP Paribas |
| 2/1/2024 | $132.00 | Buy | Citigroup |
| 12/12/2023 | $120.00 | Overweight | Wells Fargo |
| 9/13/2023 | $125.00 | Outperform | TD Cowen |
The global potato processing company's investment in this new, state-of-the-art factory, designed with future generations in mind. On November 7, 2024, Lamb Weston opened its new production facility in Kruiningen, The Netherlands, joined by employees directly involved in the project, suppliers, and regional/local authorities. This investment increases Lamb Weston's annual production capacity by 195 million kilos and is intended to support the growing global demand for high-quality frozen potato products. With this expansion, the Kruiningen site employs approximately 650 people, including the 120 new hires dedicated to this new plant. This press release features multimedia. View the full re
First Quarter Fiscal 2025 Highlights GAAP Results as Compared to First Quarter Fiscal 2024: Net sales declined 1% to $1,654 million Income from operations declined 34% to $212 million Net income declined 46% to $127 million Diluted EPS declined 45% to $0.88 Non-GAAP Results as Compared to First Quarter Fiscal 2024: Adjusted Income from Operations(1) declined 43% to $187 million Adjusted Net Income(1) declined 56% to $105 million Adjusted Diluted EPS(1) declined 55% to $0.73 Adjusted EBITDA(1) declined 30% to $290 million Repurchased $82 million of common stock and paid $52 million in cash dividends to common shareholders Restructuring Plan Restructuring actions
The Board of Directors of Lamb Weston Holdings, Inc. (NYSE:LW) today declared a quarterly dividend of $0.36 per share of Lamb Weston common stock. The dividend is payable on Nov. 29, 2024, to stockholders of record as of the close of business on Nov. 1, 2024. About Lamb Weston Lamb Weston is a leading supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. For more than 70 years, Lamb Weston has led the industry in innovation, introducing inventive products that simplify back-of-house management for its customers and make things more delicious for their customers. From the fields where Lamb Weston potatoes are grown to proac
JP Morgan analyst Thomas Palmer maintains Lamb Weston Hldgs (NYSE:LW) with a Overweight and lowers the price target from $108 to $63.
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Stifel analyst Matthew Smith downgrades Lamb Weston Hldgs (NYSE:LW) from Buy to Hold and lowers the price target from $115 to $60.
JP Morgan downgraded Lamb Weston from Overweight to Neutral and set a new price target of $68.00 from $63.00 previously
Consumer Edge Research downgraded Lamb Weston from Overweight to Equal Weight
Stifel downgraded Lamb Weston from Buy to Hold and set a new price target of $60.00 from $115.00 previously
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Norman Prestage Joins Lamb Weston Board of Directors Lamb Weston Holdings, Inc. (NYSE:LW) announced the appointment of Norman Prestage to its Board of Directors, effective today. Mr. Prestage served as a partner at Ernst & Young, LLP, a professional services firm, until his retirement in June 2024. Mr. Prestage will also serve on the Board's Audit and Finance Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240926512900/en/Lamb Weston announces the appointment of Norman Prestage to its Board of Directors (Photo: Business Wire) "Norm brings a wealth of experience to our Board," said Tom Werner, President and CEO, Lamb We
Rita Fisher Joins Lamb Weston Board of Directors Lamb Weston Holdings, Inc. (NYSE:LW) announced the appointment of Rita Fisher, Chief Information Officer and Executive Vice President, Supply Chain, at Reynolds Consumer Products to its Board of Directors, effective today. "Rita is an excellent addition to the Board," said Tom Werner, President and CEO, Lamb Weston. "Her extensive experience in IT and Supply Chain will provide terrific insights to Lamb Weston's growth strategies." Ms. Fisher has served as the Chief Information Officer and Executive Vice President, Supply Chain of Reynolds Consumer Products since August 2017. Prior to joining Reynolds Consumer Products, she was the Vice
Lamb Weston Holdings, Inc. (NYSE:LW) today announced the appointment of Mike Smith as the company's Chief Operating Officer, effective May 29, 2023. Smith will continue to report to Tom Werner, President and Chief Executive Officer of Lamb Weston. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230413005174/en/Mike Smith was named Chief Operating Officer, effective May 29, 2023. (Photo: Business Wire) In this newly created position, Smith will have accountability for the Commercial, Supply Chain, Agriculture, Marketing and Innovation organizations for the company. "Creating this role helps position Lamb Weston for further growt
4 - Lamb Weston Holdings, Inc. (0001679273) (Issuer)
4 - Lamb Weston Holdings, Inc. (0001679273) (Issuer)
4 - Lamb Weston Holdings, Inc. (0001679273) (Issuer)
8-K - Lamb Weston Holdings, Inc. (0001679273) (Filer)
10-Q - Lamb Weston Holdings, Inc. (0001679273) (Filer)
8-K - Lamb Weston Holdings, Inc. (0001679273) (Filer)
4 - Lamb Weston Holdings, Inc. (0001679273) (Issuer)
4 - Lamb Weston Holdings, Inc. (0001679273) (Issuer)
4 - Lamb Weston Holdings, Inc. (0001679273) (Issuer)
First Quarter Fiscal 2025 Highlights GAAP Results as Compared to First Quarter Fiscal 2024: Net sales declined 1% to $1,654 million Income from operations declined 34% to $212 million Net income declined 46% to $127 million Diluted EPS declined 45% to $0.88 Non-GAAP Results as Compared to First Quarter Fiscal 2024: Adjusted Income from Operations(1) declined 43% to $187 million Adjusted Net Income(1) declined 56% to $105 million Adjusted Diluted EPS(1) declined 55% to $0.73 Adjusted EBITDA(1) declined 30% to $290 million Repurchased $82 million of common stock and paid $52 million in cash dividends to common shareholders Restructuring Plan Restructuring actions
The Board of Directors of Lamb Weston Holdings, Inc. (NYSE:LW) today declared a quarterly dividend of $0.36 per share of Lamb Weston common stock. The dividend is payable on Nov. 29, 2024, to stockholders of record as of the close of business on Nov. 1, 2024. About Lamb Weston Lamb Weston is a leading supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. For more than 70 years, Lamb Weston has led the industry in innovation, introducing inventive products that simplify back-of-house management for its customers and make things more delicious for their customers. From the fields where Lamb Weston potatoes are grown to proac
Lamb Weston Holdings, Inc. (NYSE:LW) will report its fiscal 2025 first quarter results on Tuesday, October 1, 2024. The news release will be issued at approximately 5:30 p.m. EDT. Lamb Weston will host a conference call on Wednesday, October 2, 2024, at 10:00 a.m. EDT to discuss the results. Participants in the U.S. and Canada may access the conference call by dialing 888-394-8218 and participants outside the U.S. and Canada should dial 1-323-994-2093. The conference ID is 3993446. The conference call may also be accessed live on the internet. Participants can register for the event here: https://event.webcasts.com/starthere.jsp?ei=1685794&tp_key=0c5e4acd51 A rebroadcast of the conferen