Barclays Has Lowered Expectations for Lamb Weston (NYSE:LW) Stock Price

Lamb Weston (NYSE:LW) had its price objective decreased by equities researchers at Barclays from $87.00 to $69.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the specialty retailer’s stock. Barclays‘s price objective suggests a potential upside of 8.34% from the company’s current price.

Other research analysts have also issued reports about the company. Sanford C. Bernstein began coverage on Lamb Weston in a report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 target price on the stock. Stifel Nicolaus dropped their target price on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, December 20th. Wells Fargo & Company increased their target price on shares of Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Lamb Weston in a research report on Thursday, December 12th. They issued a “hold” rating and a $81.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price objective on Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lamb Weston currently has a consensus rating of “Hold” and an average price target of $81.00.

Lamb Weston Stock Down 0.3 %

LW stock opened at $63.69 on Monday. The firm’s 50-day moving average is $76.59 and its two-hundred day moving average is $72.24. 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 capitalization of $9.08 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 1.42 and a beta of 0.70. Lamb Weston has a 52 week low of $52.99 and a 52 week high of $111.88.

Lamb Weston (NYSE:LW) last released its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the company earned $1.45 earnings per share. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. On average, analysts forecast that Lamb Weston will post 4.26 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Charles A. Blixt purchased 1,200 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were acquired at an average cost of $63.25 per share, with a total value of $75,900.00. Following the completion of the purchase, the director now owns 22,982 shares of the company’s stock, valued at $1,453,611.50. The trade was a 5.51 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.72% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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

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.