Citigroup Increases Lamb Weston (NYSE:LW) Price Target to $90.00

Lamb Weston (NYSE:LW) had its target price lifted by Citigroup from $76.00 to $90.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the specialty retailer’s stock. Citigroup’s target price indicates a potential upside of 16.50% from the company’s current price.

Several other research analysts also recently weighed in on the stock. The Goldman Sachs Group dropped their target price on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Stifel Nicolaus lifted their price objective on shares of Lamb Weston from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Thursday, October 3rd. Bank of America increased their target price on Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a report on Monday. Consumer Edge downgraded Lamb Weston from an “overweight” rating to an “equal weight” rating in a report on Friday, July 26th. Finally, TD Cowen increased their price objective on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Lamb Weston has a consensus rating of “Hold” and an average price target of $80.56.

Lamb Weston Price Performance

Shares of NYSE LW traded down $0.06 during mid-day trading on Tuesday, reaching $77.25. 483,771 shares of the company traded hands, compared to its average volume of 2,551,811. Lamb Weston has a fifty-two week low of $52.99 and a fifty-two week high of $111.88. The firm has a market cap of $11.15 billion, a PE ratio of 10.31, a price-to-earnings-growth ratio of 1.27 and a beta of 0.75. The stock has a fifty day simple moving average of $65.40 and a 200-day simple moving average of $74.57. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54.

Lamb Weston (NYSE:LW) last announced its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. Lamb Weston’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.63 earnings per share. Equities research analysts anticipate that Lamb Weston will post 4.26 EPS 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 stock was bought at an average cost of $55.43 per share, with a total value of $554,300.00. Following the completion of the transaction, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.66% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lamb Weston

Large investors have recently bought and sold shares of the business. Los Angeles Capital Management LLC acquired a new stake in shares of Lamb Weston in the first quarter worth $470,000. Ballentine Partners LLC boosted its holdings in Lamb Weston by 14.9% during the first quarter. Ballentine Partners LLC now owns 3,703 shares of the specialty retailer’s stock valued at $394,000 after acquiring an additional 481 shares during the period. AdvisorNet Financial Inc grew its position in shares of Lamb Weston by 49.7% in the first quarter. AdvisorNet Financial Inc now owns 1,865 shares of the specialty retailer’s stock valued at $199,000 after purchasing an additional 619 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in shares of Lamb Weston during the 1st quarter worth about $63,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Lamb Weston by 11.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,224 shares of the specialty retailer’s stock worth $557,000 after purchasing an additional 538 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors.

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.