Lamb Weston (NYSE:LW) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Lamb Weston (NYSE:LW) had its target price lifted by JPMorgan Chase & Co. from $68.00 to $78.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 4.94% from the company’s current price.

Several other brokerages also recently issued reports on LW. Citigroup increased their price objective on shares of Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft began coverage on shares of Lamb Weston in a research note on Thursday. They set a “hold” rating and a $81.00 price target on the stock. Bank of America lifted their target price on Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Stifel Nicolaus upped their target price on Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, Barclays lifted their price target on shares of Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $83.27.

Lamb Weston Price Performance

Shares of LW traded up $2.78 during mid-day trading on Monday, hitting $82.05. The company’s stock had a trading volume of 1,475,812 shares, compared to its average volume of 2,452,188. The firm has a market capitalization of $11.70 billion, a P/E ratio of 19.26, a P/E/G ratio of 1.34 and a beta of 0.70. 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 firm has a 50-day simple moving average of $76.48 and a 200 day simple moving average of $72.85. Lamb Weston has a 1-year low of $52.99 and a 1-year high of $111.88.

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, topping the consensus estimate of $0.72 by $0.01. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. Lamb Weston’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $1.63 earnings per share. Analysts predict that Lamb Weston will post 4.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Lamb Weston

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Lamb Weston by 9.7% during the third quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer’s stock valued at $402,791,000 after acquiring an additional 549,812 shares during the period. Geode Capital Management LLC increased its holdings in shares of Lamb Weston by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,388,056 shares of the specialty retailer’s stock valued at $218,598,000 after purchasing an additional 24,097 shares during the period. Clarkston Capital Partners LLC lifted its position in shares of Lamb Weston by 108.7% in the third quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock worth $201,207,000 after purchasing an additional 1,618,570 shares in the last quarter. TPG GP A LLC grew its position 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 purchasing an additional 1,247,206 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Lamb Weston by 5.9% during the 2nd 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. Institutional investors own 89.56% of the company’s stock.

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.