Lamb Weston (NYSE:LW) Price Target Cut to $69.00 by Analysts at Barclays

Lamb Weston (NYSE:LW) had its price target cut by equities research analysts at Barclays from $87.00 to $69.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the specialty retailer’s stock. Barclays‘s target price would indicate a potential upside of 11.13% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. raised their target price on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Bank of America lifted their price objective on Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Stifel Nicolaus lowered their target price on Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a report on Friday. Wells Fargo & Company raised their target price on Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. Finally, Jefferies Financial Group upped their price target on shares of Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. One equities 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $81.00.

Lamb Weston Stock Down 0.7 %

Lamb Weston stock opened at $62.09 on Monday. The firm has a market cap of $8.85 billion, a price-to-earnings ratio of 14.58, a PEG 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. Lamb Weston has a 12 month low of $52.99 and a 12 month high of $111.88. The stock has a fifty day simple moving average of $76.76 and a two-hundred day simple moving average of $72.39.

Lamb Weston (NYSE:LW) last issued 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). The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. Lamb Weston’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same period last year, the firm posted $1.45 EPS. Equities analysts predict that Lamb Weston will post 4.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings in Lamb Weston by 2.4% during the third quarter. Principal Financial Group Inc. now owns 165,953 shares of the specialty retailer’s stock valued at $10,744,000 after acquiring an additional 3,927 shares during the period. Synovus Financial Corp raised its stake in Lamb Weston by 22.5% during the 3rd quarter. Synovus Financial Corp now owns 4,075 shares of the specialty retailer’s stock valued at $264,000 after purchasing an additional 749 shares during the period. Tidal Investments LLC raised its stake in Lamb Weston by 52.0% during the 3rd quarter. Tidal Investments LLC now owns 35,089 shares of the specialty retailer’s stock valued at $2,272,000 after purchasing an additional 12,010 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Lamb Weston in the 3rd quarter worth approximately $63,000. Finally, Toronto Dominion Bank boosted its stake in Lamb Weston by 49.5% in the 3rd quarter. Toronto Dominion Bank now owns 65,331 shares of the specialty retailer’s stock worth $4,230,000 after purchasing an additional 21,639 shares during the period. Hedge funds and other 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.