Lamb Weston (NYSE:LW) PT Raised to $76.00

Lamb Weston (NYSE:LW) had its price target increased by equities research analysts at Citigroup from $75.00 to $76.00 in a report released on Thursday, Benzinga reports. The firm presently has a “buy” rating on the specialty retailer’s stock. Citigroup’s price target indicates a potential upside of 12.83% from the company’s current price.

Several other equities analysts have also commented on the company. Barclays lowered their price objective on Lamb Weston from $96.00 to $70.00 and set an “overweight” rating for the company in a research report on Friday, July 26th. Bank of America lifted their price target on Lamb Weston from $66.00 to $68.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. TD Cowen lifted their price target on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. lowered their price target on Lamb Weston from $108.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Finally, Wells Fargo & Company lifted their price target on Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Lamb Weston has an average rating of “Moderate Buy” and an average target price of $82.00.

Lamb Weston Trading Up 1.2 %

LW stock traded up $0.78 on Thursday, reaching $67.36. The company’s stock had a trading volume of 1,757,089 shares, compared to its average volume of 2,522,854. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.59 and a current ratio of 1.29. The firm has a market cap of $9.73 billion, a PE ratio of 8.97, a PEG ratio of 6.18 and a beta of 0.75. The business has a fifty day simple moving average of $61.82 and a two-hundred day simple moving average of $77.58. Lamb Weston has a 12-month low of $52.99 and a 12-month high of $111.88.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data 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 analyst estimates of $1.55 billion. Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the firm posted $1.63 earnings per share. As a group, research analysts forecast that Lamb Weston will post 4.54 EPS for the current year.

Insider Buying and Selling at Lamb Weston

In other news, Director William G. Jurgensen purchased 10,000 shares of the business’s stock in a transaction on Friday, July 26th. The stock was acquired at an average cost of $55.43 per share, for a total transaction of $554,300.00. Following the purchase, the director now directly owns 173,377 shares in the company, valued at approximately $9,610,287.11. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.66% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LW. WFA Asset Management Corp lifted its position in shares of Lamb Weston by 248.6% during the 1st quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 174 shares in the last quarter. EntryPoint Capital LLC purchased a new position in shares of Lamb Weston during the 1st quarter valued at about $28,000. Crewe Advisors LLC lifted its position in shares of Lamb Weston by 357.5% during the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 261 shares in the last quarter. Redmont Wealth Advisors LLC purchased a new position in Lamb Weston in the 1st quarter worth approximately $32,000. Finally, GAMMA Investing LLC lifted its holdings in Lamb Weston by 135.8% in the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 220 shares in the last quarter. 89.56% of the stock is 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.