Lamb Weston (NYSE:LW) Price Target Increased to $77.00 by Analysts at Wells Fargo & Company

Lamb Weston (NYSE:LW) had its price target raised by analysts at Wells Fargo & Company from $70.00 to $77.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the specialty retailer’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 11.82% from the stock’s previous close.

Several other research firms also recently issued reports on LW. Bank of America upped their target price on Lamb Weston from $66.00 to $68.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. JPMorgan Chase & Co. cut their target price on Lamb Weston from $108.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Consumer Edge downgraded Lamb Weston from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 26th. Barclays cut their target price on Lamb Weston from $96.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. Finally, The Goldman Sachs Group cut their target price on Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. One research 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.40.

Lamb Weston Stock Performance

Shares of LW stock opened at $68.86 on Thursday. The business’s fifty day simple moving average is $62.37 and its 200-day simple moving average is $77.28. The company has a market cap of $9.94 billion, a PE ratio of 9.19, a PEG ratio of 6.18 and a beta of 0.75. The company has a current ratio of 1.29, a quick ratio of 0.59 and a debt-to-equity ratio of 1.92. 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the firm posted $1.63 earnings per share. The business’s quarterly revenue was down .7% on a year-over-year basis. Analysts expect that Lamb Weston will post 4.54 earnings per share for the current fiscal year.

Insider Transactions at Lamb Weston

In related news, Director William G. Jurgensen purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average cost of $55.43 per share, with a total value of $554,300.00. Following the purchase, the director now 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.66% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sei Investments Co. lifted its stake in Lamb Weston by 20.0% in the 1st quarter. Sei Investments Co. now owns 207,710 shares of the specialty retailer’s stock valued at $22,128,000 after buying an additional 34,553 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Lamb Weston by 66.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,643 shares of the specialty retailer’s stock valued at $4,028,000 after acquiring an additional 15,364 shares during the last quarter. Empowered Funds LLC acquired a new stake in Lamb Weston in the 1st quarter valued at about $810,000. Confluence Investment Management LLC acquired a new stake in Lamb Weston in the 2nd quarter valued at about $7,937,000. Finally, EntryPoint Capital LLC acquired a new stake in Lamb Weston in the 1st quarter valued at about $28,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

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.