Lamb Weston (NYSE:LW) Price Target Increased to $65.00 by Analysts at Stifel Nicolaus

Lamb Weston (NYSE:LW) had its price target lifted by Stifel Nicolaus from $60.00 to $65.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “hold” rating on the specialty retailer’s stock. Stifel Nicolaus’ price objective suggests a potential downside of 5.61% from the company’s current price.

Other equities analysts have also recently issued reports about the company. TD Cowen raised their target price on Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, September 24th. Citigroup boosted their price target on shares of Lamb Weston from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Barclays reduced their price objective on Lamb Weston from $96.00 to $70.00 and set an “overweight” rating on the stock in a research note on Friday, July 26th. The Goldman Sachs Group cut their price target on Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Finally, Bank of America lifted their price objective on Lamb Weston from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Lamb Weston presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.40.

Lamb Weston Trading Up 0.8 %

Shares of LW stock opened at $68.86 on Thursday. Lamb Weston has a 1-year low of $52.99 and a 1-year high of $111.88. The firm has a market cap of $9.94 billion, a PE ratio of 9.19, a price-to-earnings-growth ratio of 6.18 and a beta of 0.75. The company has a 50-day moving average of $62.37 and a two-hundred day moving average of $77.28. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.29 and a quick ratio of 0.59.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the company posted $1.63 EPS. On average, analysts predict that Lamb Weston will post 4.54 EPS for the current year.

Insider Transactions at Lamb Weston

In related news, Director William G. Jurgensen acquired 10,000 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was bought at an average price of $55.43 per share, for a total transaction of $554,300.00. Following the completion of the purchase, the director now directly owns 173,377 shares of the company’s stock, valued at approximately $9,610,287.11. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.66% of the company’s stock.

Institutional Investors Weigh In On Lamb Weston

Large investors have recently modified their holdings of the company. Bank of Nova Scotia lifted its position in Lamb Weston by 31.5% during the 4th quarter. Bank of Nova Scotia now owns 17,870 shares of the specialty retailer’s stock worth $1,932,000 after acquiring an additional 4,280 shares during the period. NEOS Investment Management LLC purchased a new stake in Lamb Weston in the 4th quarter valued at approximately $222,000. Belpointe Asset Management LLC acquired a new position in Lamb Weston during the 4th quarter worth approximately $611,000. CIBC Private Wealth Group LLC grew its holdings in Lamb Weston by 0.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 148,977 shares of the specialty retailer’s stock worth $16,103,000 after acquiring an additional 1,346 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in Lamb Weston by 41.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 17,949 shares of the specialty retailer’s stock worth $1,940,000 after acquiring an additional 5,237 shares in the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Company Profile

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.