Lamb Weston Holdings Inc. (NYSE:LW) traded today at a new 52-week high of $82.40. So far today approximately 142,000 shares have been exchanged, as compared to an average 30-day volume of 1.4 million shares.
Lamb Weston Holdings Inc. (NYSE:LW) is currently priced 0.8% above its average consensus analyst price target of $81.65.
Over the past year, Lamb Weston Holdings Inc. has traded in a range of $49.71 to $82.40 and is now at $82.30, 66% above that low.
Lamb Weston is the world’s second-largest producer of branded and private-label frozen potato products, such as French fries, sweet potato fries, tater tots, diced potatoes, mashed potatoes, hash browns, and chips. The company also has a small appetizer business that produces onion rings, mozzarella sticks, and cheese curds. Including joint ventures, 63% of fiscal 2022 revenue was U.S.-based, with the remainder stemming from Europe, Canada, Japan, China, Korea, Mexico, and several other countries. We estimate Lamb Weston’s customer mix is 58% quick-serve restaurants, 19% full-service restaurants, 8% other food service (hotels, commercial cafeterias, arenas, schools), and 16% retail. Lamb Weston became an independent company in 2016 when it was spun off from Conagra.
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