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 |
|---|---|---|---|
| 12/20/2024 | $90.00 → $68.00 | Buy → Neutral | Citigroup |
| 12/12/2024 | $81.00 | Hold | Deutsche Bank |
| 12/3/2024 | $85.00 | Mkt Perform | Bernstein |
| 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 |
4 - Lamb Weston Holdings, Inc. (0001679273) (Issuer)
4 - Lamb Weston Holdings, Inc. (0001679273) (Issuer)
4 - Lamb Weston Holdings, Inc. (0001679273) (Issuer)
SC 13G/A - Lamb Weston Holdings, Inc. (0001679273) (Subject)
SC 13D - Lamb Weston Holdings, Inc. (0001679273) (Subject)
SC 13D - Lamb Weston Holdings, Inc. (0001679273) (Subject)
JANA Partners ("JANA"), which together with its strategic and operating partners owns more than 5% of Lamb Weston Holdings, Inc. (NYSE:LW) ("Lamb Weston" or the "Company") and is one of the Company's largest shareholders, today issued the following statement: "Today's disastrous financial results and decision to swap its CEO for another long-standing Lamb Weston executive complicit in its widespread operational and strategic debacles is just the latest stick in the eye from a Board that has completely failed shareholders. Enough is enough: Lamb Weston requires significant board change or, in its absence, should be sold." About JANA Partners JANA Partners was founded in 2001 by Barry R
Lamb Weston Holdings, Inc. (NYSE:LW) announced today the appointment of Michael J. Smith, current Chief Operating Officer of Lamb Weston, as President and Chief Executive Officer and as a member of the company's Board of Directors, effective January 3, 2025. Mr. Smith succeeds Thomas P. Werner, who is stepping down as CEO and as a member of the Board. Mr. Werner will serve in an advisory role through August 31, 2025 to ensure a smooth transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241219099424/en/Lamb Weston Announces Appointment of Michael J. Smith as President and Chief Executive Officer (Photo: Business Wire) Mr.
Second Quarter Fiscal 2025 Highlights GAAP Results include a $159 million pre-tax charge related to the Restructuring Plan announced on October 1, 2024 GAAP Results as Compared to Second Quarter Fiscal 2024: Net sales declined 8% to $1,601 million Income from operations declined 94% to $19 million Net income declined $251 million to a loss of $36 million Diluted EPS declined $1.73 to a loss of $0.25 Non-GAAP Results as Compared to Second Quarter Fiscal 2024: Adjusted Income from Operations(1) declined 41% to $178 million Adjusted Net Income(1) declined 55% to $95 million Adjusted Diluted EPS(1) declined 54% to $0.66 Adjusted EBITDA(1) declined 25% to $282
Second Quarter Fiscal 2025 Highlights GAAP Results include a $159 million pre-tax charge related to the Restructuring Plan announced on October 1, 2024 GAAP Results as Compared to Second Quarter Fiscal 2024: Net sales declined 8% to $1,601 million Income from operations declined 94% to $19 million Net income declined $251 million to a loss of $36 million Diluted EPS declined $1.73 to a loss of $0.25 Non-GAAP Results as Compared to Second Quarter Fiscal 2024: Adjusted Income from Operations(1) declined 41% to $178 million Adjusted Net Income(1) declined 55% to $95 million Adjusted Diluted EPS(1) declined 54% to $0.66 Adjusted EBITDA(1) declined 25% to $282
Lamb Weston Holdings, Inc. (NYSE:LW) will report its fiscal 2025 second quarter results on Thursday, December 19, 2024. The news release will be issued at approximately 6:00 a.m. EST. Lamb Weston will host a conference call on Thursday, December 19, 2024, at 8:00 a.m. EST 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 5411916. 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=1699372&tp_key=bd61c9987b A rebroadcast of the conf
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
Citigroup downgraded Lamb Weston from Buy to Neutral and set a new price target of $68.00 from $90.00 previously
Deutsche Bank initiated coverage of Lamb Weston with a rating of Hold and set a new price target of $81.00
Bernstein initiated coverage of Lamb Weston with a rating of Mkt Perform and set a new price target of $85.00
SCHEDULE 13D/A - Lamb Weston Holdings, Inc. (0001679273) (Subject)
8-K - Lamb Weston Holdings, Inc. (0001679273) (Filer)
SCHEDULE 13D/A - Lamb Weston Holdings, Inc. (0001679273) (Subject)
4 - Lamb Weston Holdings, Inc. (0001679273) (Issuer)
4 - Lamb Weston Holdings, Inc. (0001679273) (Issuer)
4 - Lamb Weston Holdings, Inc. (0001679273) (Issuer)
Lamb Weston Holdings, Inc. (NYSE:LW) announced today the appointment of Michael J. Smith, current Chief Operating Officer of Lamb Weston, as President and Chief Executive Officer and as a member of the company's Board of Directors, effective January 3, 2025. Mr. Smith succeeds Thomas P. Werner, who is stepping down as CEO and as a member of the Board. Mr. Werner will serve in an advisory role through August 31, 2025 to ensure a smooth transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241219099424/en/Lamb Weston Announces Appointment of Michael J. Smith as President and Chief Executive Officer (Photo: Business Wire) Mr.
Believes Significant Board and Leadership Change Is Necessary to Improve Performance Absent Meaningful Board and Leadership Change, Lamb Weston Should Launch a Formal Review of Strategic Alternatives to Maximize Value for Shareholders JANA Partners ("JANA"), which together with its strategic and operating partners owns more than 5% of Lamb Weston Holdings, Inc. (NYSE:LW) ("Lamb Weston" or the "Company") and is one of the Company's largest shareholders, today sent a letter to the Company's Board of Directors reiterating its belief that significant Board and leadership change is needed at Lamb Weston, and that in its absence the Company should pursue a formal review of strategic alternati
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