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July 1st, 2022
French fries and other frozen potato products rose to the top of an otherwise dim market this past quarter. There is one stock that is benefiting from a robust foodservice recovery. There is a company that is quietly up almost 30% in the last 3 months and up over 8% in the previous month.
As full-service restaurants and non-commercial enterprises like lodging, healthcare, schools, sports, and workplace environments came back online and increased in the number of customers, this one frozen potato company expanded its capacity and worked on revising its pricing structure to counter inflation, and it seems to be working for them.
Jefferies recently upgraded their stock from a Hold to a Buy with a price target somewhere between $84 -> $100/share.
This company has a 1.37% annual dividend and a beta of only 0.52. If that wasn’t good enough, the P/E ratio is 44.58 but has a Forward P/E ratio of 25.31. With these metrics, this may be a solid investment option.
Which frozen potato company is heating up and ready to sizzle during earnings season?
Lamb Weston Holdings, Inc. (LW) is in the consumer defensive sector and is part of the packaged food industry. They produce, distribute, and market value-add frozen potato products worldwide.
Sales have been increasing for three of the past four years.
Guest Writer, Filthy Rich, Dirt Poor
Editor, Wealthy Investor Society
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