Shares of Lamb Weston Holdings Inc. (NYSE:LW) traded at a new 52-week high today of $76.95. Approximately 937,000 shares have changed hands today, as compared to an average 30-day volume of 1.4 million shares.
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, 52% of fiscal 2021 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.
Lamb Weston Holdings Inc. (NYSE:LW) has potential upside of 34.9% based on a current price of $75.73 and analysts’ consensus price target of $102.17.
Over the past year, Lamb Weston Holdings Inc. has traded in a range of $49.71 to $76.95 and is now at $75.73, 52% above that low.
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