Lamb Weston (NYSE:LW) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Stock analysts at Deutsche Bank Aktiengesellschaft started coverage on shares of Lamb Weston (NYSE:LW) in a research note issued to investors on Thursday, Marketbeat reports. The firm set a “hold” rating and a $81.00 price target on the specialty retailer’s stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 2.16% from the stock’s previous close.

A number of other analysts have also recently commented on LW. Stifel Nicolaus upped their price target on Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Citigroup increased their target price on shares of Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Sanford C. Bernstein initiated coverage on shares of Lamb Weston in a report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price target on the stock. Barclays upped their price target on shares of Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Finally, Wells Fargo & Company raised their price objective on shares of Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $82.36.

Lamb Weston Stock Performance

LW opened at $79.29 on Thursday. The company’s 50 day moving average is $76.48 and its 200 day moving average is $73.05. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. The company has a market cap of $11.31 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.34 and a beta of 0.70. Lamb Weston has a 12-month low of $52.99 and a 12-month high of $111.88.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The company’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company posted $1.63 EPS. On average, equities research analysts predict that Lamb Weston will post 4.26 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LW. Nicola Wealth Management LTD. purchased a new position in shares of Lamb Weston in the third quarter valued at $6,474,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Lamb Weston during the 2nd quarter valued at about $3,279,000. Clarkston Capital Partners LLC lifted its holdings in shares of Lamb Weston by 108.7% in the 3rd quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock valued at $201,207,000 after acquiring an additional 1,618,570 shares during the last quarter. Citigroup Inc. grew its position in Lamb Weston by 39.3% in the third quarter. Citigroup Inc. now owns 156,242 shares of the specialty retailer’s stock worth $10,115,000 after acquiring an additional 44,057 shares in the last quarter. Finally, First Financial Bankshares Inc bought a new stake in Lamb Weston during the third quarter worth approximately $6,506,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

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.