Citigroup Increases Lamb Weston (NYSE:LW) Price Target to $76.00

Lamb Weston (NYSE:LW) had its price target lifted by stock analysts at Citigroup from $75.00 to $76.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the specialty retailer’s stock. Citigroup’s target price would suggest a potential upside of 10.37% from the company’s current price.

LW has been the topic of a number of other reports. TD Cowen raised their price objective on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, September 24th. Barclays dropped their price objective on shares of 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 shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Wells Fargo & Company increased their price objective on shares of Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Bank of America lifted their target price on shares of Lamb Weston from $66.00 to $68.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.40.

Lamb Weston Stock Up 0.8 %

Shares of NYSE LW opened at $68.86 on Thursday. The firm has a market cap of $9.94 billion, a PE ratio of 9.19, a P/E/G ratio of 6.18 and a beta of 0.75. Lamb Weston has a 12-month low of $52.99 and a 12-month high of $111.88. The company’s fifty day simple moving average is $62.37 and its 200 day simple moving average is $77.28. The company has a quick ratio of 0.59, a current ratio of 1.29 and a debt-to-equity ratio of 1.92.

Lamb Weston (NYSE:LW) last released its quarterly earnings data 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 net margin of 11.22% and a return on equity of 44.06%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the firm earned $1.63 earnings per share. The business’s quarterly revenue was down .7% compared to the same quarter last year. As a group, sell-side analysts forecast that Lamb Weston will post 4.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director William G. Jurgensen bought 10,000 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was acquired 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 $9,610,287.11. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.66% of the company’s stock.

Hedge Funds Weigh In On Lamb Weston

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Lamb Weston by 0.4% in the first quarter. Vanguard Group Inc. now owns 16,695,138 shares of the specialty retailer’s stock valued at $1,778,533,000 after purchasing an additional 60,601 shares in the last quarter. TPG GP A LLC boosted its stake in Lamb Weston by 74.4% during the second quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer’s stock valued at $245,869,000 after buying an additional 1,247,206 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Lamb Weston by 5.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,045,582 shares of the specialty retailer’s stock valued at $171,993,000 after buying an additional 114,049 shares during the period. Marshall Wace LLP boosted its stake in Lamb Weston by 78.5% during the second quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer’s stock valued at $158,790,000 after buying an additional 830,511 shares during the period. Finally, Champlain Investment Partners LLC boosted its stake in Lamb Weston by 11.7% during the first quarter. Champlain Investment Partners LLC now owns 1,233,420 shares of the specialty retailer’s stock valued at $131,396,000 after buying an additional 129,120 shares during the period. 89.56% of the stock is currently owned by hedge funds and other 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.