Lamb Weston (NYSE:LW) PT Lowered to $78.00 at The Goldman Sachs Group

Lamb Weston (NYSE:LW) had its price objective lowered by research analysts at The Goldman Sachs Group from $132.00 to $78.00 in a research report issued to clients and investors on Thursday, July 25th, Benzinga reports. The firm currently has a “buy” rating on the specialty retailer’s stock. The Goldman Sachs Group’s price target suggests a potential upside of 25.97% from the stock’s previous close.

Several other research firms have also recently weighed in on LW. Citigroup cut their price target on shares of Lamb Weston from $106.00 to $104.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Bank of America reduced their target price on Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a report on Friday, April 5th. Wells Fargo & Company dropped their price target on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a report on Friday, April 5th. Barclays reduced their price objective on Lamb Weston from $105.00 to $96.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Finally, Stifel Nicolaus downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating and cut their price target for the stock from $115.00 to $60.00 in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Lamb Weston currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.70.

Lamb Weston Stock Up 1.0 %

Shares of Lamb Weston stock traded up $0.62 during trading on Thursday, reaching $61.92. 1,962,884 shares of the company traded hands, compared to its average volume of 2,520,579. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.29 and a quick ratio of 0.59. The firm has a market capitalization of $8.94 billion, a PE ratio of 8.27, a P/E/G ratio of 5.65 and a beta of 0.74. The company has a 50 day moving average price of $68.91 and a 200-day moving average price of $83.80. Lamb Weston has a 1-year low of $52.99 and a 1-year high of $111.88.

Lamb Weston (NYSE:LW) last issued its earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.46). Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.71 billion. As a group, equities research analysts expect that Lamb Weston will post 4.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lamb Weston news, Director William G. Jurgensen bought 10,000 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were acquired at an average cost of $55.43 per share, with a total value of $554,300.00. Following the purchase, the director now directly owns 173,377 shares of the company’s stock, valued at approximately $9,610,287.11. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 1.66% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lamb Weston

Large investors have recently added to or reduced their stakes in the business. Maven Securities LTD purchased a new position in Lamb Weston in the second quarter valued at about $504,000. Cetera Investment Advisers raised its holdings in shares of Lamb Weston by 57.5% during the second quarter. Cetera Investment Advisers now owns 30,499 shares of the specialty retailer’s stock valued at $2,564,000 after buying an additional 11,138 shares during the last quarter. EP Wealth Advisors LLC raised its stake in shares of Lamb Weston by 6.3% during the second quarter. EP Wealth Advisors LLC now owns 4,037 shares of the specialty retailer’s stock valued at $339,000 after purchasing an additional 239 shares in the last quarter. Kimelman & Baird LLC bought a new stake in Lamb Weston during the second quarter worth approximately $206,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Lamb Weston by 42.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,554 shares of the specialty retailer’s stock worth $383,000 after purchasing an additional 1,349 shares in the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

About Lamb Weston

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.