Citigroup Increases Lamb Weston (NYSE:LW) Price Target to $90.00

Lamb Weston (NYSE:LW) had its target price boosted by stock analysts at Citigroup from $76.00 to $90.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the specialty retailer’s stock. Citigroup’s price objective would suggest a potential upside of 16.66% from the company’s previous close.

LW has been the topic of several other reports. The Goldman Sachs Group cut their price objective 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. Stifel Nicolaus upped their price target on Lamb Weston from $60.00 to $65.00 and gave the stock a “hold” rating in a research note on Thursday, October 3rd. Consumer Edge downgraded Lamb Weston from an “overweight” rating to an “equal weight” rating in a report on Friday, July 26th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $68.00 price objective (up previously from $63.00) on shares of Lamb Weston in a research note on Monday, October 7th. Finally, Wells Fargo & Company lifted their price objective on Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Lamb Weston has an average rating of “Hold” and a consensus price target of $80.56.

Lamb Weston Price Performance

Shares of LW stock opened at $77.15 on Tuesday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. The firm has a market cap of $11.14 billion, a P/E ratio of 10.30, a P/E/G ratio of 1.27 and a beta of 0.75. The business’s 50 day moving average price is $66.13 and its 200-day moving average price is $74.58. Lamb Weston has a fifty-two week low of $52.99 and a fifty-two week 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, beating the consensus estimate of $0.72 by $0.01. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the previous year, the business posted $1.63 earnings per share. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. On average, equities research analysts anticipate that Lamb Weston will post 4.26 earnings per share for the current year.

Insider Activity

In related news, Director William G. Jurgensen acquired 10,000 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were bought at an average price of $55.43 per share, for a total transaction of $554,300.00. Following the completion of the transaction, the director now directly owns 173,377 shares in the company, valued at approximately $9,610,287.11. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.66% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LW. WFA Asset Management Corp raised its position in Lamb Weston by 248.6% in the first quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 174 shares during the period. City State Bank raised its holdings in Lamb Weston by 56.2% in the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 150 shares during the period. EntryPoint Capital LLC purchased a new position in Lamb Weston during the first quarter valued at $28,000. Crewe Advisors LLC grew its holdings in Lamb Weston by 357.5% during the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 261 shares during the period. Finally, Northwest Investment Counselors LLC bought a new stake in Lamb Weston during the third quarter valued at about $29,000. 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.