Stifel Nicolaus Increases Lamb Weston (NYSE:LW) Price Target to $80.00

Lamb Weston (NYSE:LW) had its price target upped by equities researchers at Stifel Nicolaus from $65.00 to $80.00 in a report released on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the specialty retailer’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 4.00% from the stock’s previous close.

LW has been the topic of a number of other research reports. Citigroup raised their price target on Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group decreased their price objective on Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. TD Cowen lifted their price objective on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, September 24th. Barclays lifted their price objective on Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $68.00 price objective (up previously from $63.00) on shares of Lamb Weston in a report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $82.22.

Lamb Weston Trading Down 0.6 %

NYSE LW opened at $76.92 on Friday. The stock’s 50-day simple moving average is $66.77 and its two-hundred day simple moving average is $74.55. Lamb Weston has a twelve month low of $52.99 and a twelve month high of $111.88. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. The company has a market capitalization of $10.97 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 1.38 and a beta of 0.75.

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

Institutional Trading of Lamb Weston

Several large investors have recently modified their holdings of the business. Avantax Advisory Services Inc. boosted its position in Lamb Weston by 3.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 3,806 shares of the specialty retailer’s stock valued at $405,000 after acquiring an additional 135 shares in the last quarter. City State Bank lifted its holdings in shares of Lamb Weston by 56.2% during the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Camarda Financial Advisors LLC lifted its holdings in shares of Lamb Weston by 0.9% during the first quarter. Camarda Financial Advisors LLC now owns 16,389 shares of the specialty retailer’s stock valued at $1,746,000 after purchasing an additional 151 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Lamb Weston by 31.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 655 shares of the specialty retailer’s stock valued at $70,000 after purchasing an additional 158 shares during the last quarter. Finally, Summit Financial Wealth Advisors LLC lifted its holdings in shares of Lamb Weston by 1.2% during the first quarter. Summit Financial Wealth Advisors LLC now owns 13,556 shares of the specialty retailer’s stock valued at $1,444,000 after purchasing an additional 161 shares during the last quarter. 89.56% of the stock is 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.