Lamb Weston (LW)

• Market cap: $8.86B
• 1 day: -0.66%
• 5 days: -21.76%
• 1 month: -18.42%
• 3 months: -5.12%
• 6 months: -24.73%
• Year to date: -41.73%
• 1 year: -39.96%
• 5 years: -27.66%
• 10 years: 82.62%
• Sector: Consumer Staples
• Industry: Canned, Frozen & Preserved Fruits, Vegetables, and Food Specialties

About: Lamb Weston is North America's largest and the world's second-largest producer of branded and private-label frozen potato products, both by volume and value. The company's portfolio is anchored by French fries, but it also sells sweet potato fries, tater tots, diced potatoes, mashed potatoes, hash browns, and chips. Roughly two-thirds of revenue comes from its home market of North America, with none of the other 100 countries the company sells into representing a significant share. McDonald's is Lamb Weston's single largest customer at 14% of fiscal 2024 sales, with no other company representing more than 10%. Lamb Weston became an independent company in 2016 when it was spun off from Conagra.

Employees: 10,700

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

15% more call options, than puts

Call options by funds: $613M | Put options by funds: $535M

4% less repeat investments, than reductions

Existing positions increased: 229 | Existing positions reduced: 238

9.29% less ownership

Funds ownership: 98.8% [Q2] → 89.51% (-9.29%) [Q3]

10% less funds holding

Funds holding: 743 [Q2] → 670 (-73) [Q3]

30% less capital invested

Capital invested by funds: $12B [Q2] → $8.33B (-$3.63B) [Q3]

43% less first-time investments, than exits

New positions opened: 95 | Existing positions closed: 168

64% less funds holding in top 10

Funds holding in top 10: 14 [Q2] → 5 (-9) [Q3]

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $65 5% upside
• Avg. target: $76 23% upside
• High target: $95 53% upside

11 analyst ratings

• positive: 3 27%
• neutral: 8 73%
• negative: 0 0%

Stifel Matthew Smith 50% 1-year accuracy 16 / 32 met price target	10% upside $68	Hold Maintained	20 Dec 2024
Citigroup Thomas Palmer 38% 1-year accuracy 13 / 34 met price target	10% upside $68	Neutral Downgraded	20 Dec 2024
Jefferies Rob Dickerson 67% 1-year accuracy 4 / 6 met price target	53% upside $95	Buy Maintained	17 Dec 2024
JP Morgan Ken Goldman 44% 1-year accuracy 4 / 9 met price target	26% upside $78	Neutral Maintained	16 Dec 2024
Deutsche Bank Steve Powers 63% 1-year accuracy 12 / 19 met price target	30% upside $81	Hold Initiated	12 Dec 2024