Lamb Weston (NYSE:LW) Coverage Initiated at Sanford C. Bernstein

Equities researchers at Sanford C. Bernstein initiated coverage on shares of Lamb Weston (NYSE:LW) in a report issued on Tuesday, MarketBeat.com reports. The firm set a “market perform” rating and a $85.00 price target on the specialty retailer’s stock. Sanford C. Bernstein’s price target indicates a potential upside of 9.03% from the stock’s previous close.

Several other research firms have also commented on LW. Citigroup boosted their price target on Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Barclays boosted their price target on Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. TD Cowen upped their target price on Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, September 24th. Wells Fargo & Company upped their target price on Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. Finally, 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $82.50.

Lamb Weston Trading Down 1.8 %

Lamb Weston stock opened at $77.96 on Tuesday. The stock has a market cap of $11.12 billion, a PE ratio of 18.30, a P/E/G ratio of 1.40 and a beta of 0.70. The stock has a 50-day moving average price of $75.07 and a 200 day moving average price of $73.50. Lamb Weston has a 52 week low of $52.99 and a 52 week high of $111.88. 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 (NYSE:LW) last posted its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $1.63 EPS. Equities research analysts predict that Lamb Weston will post 4.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lamb Weston

A number of hedge funds have recently modified their holdings of the stock. Synovus Financial Corp lifted its position in shares of Lamb Weston by 22.5% during the 3rd quarter. Synovus Financial Corp now owns 4,075 shares of the specialty retailer’s stock worth $264,000 after purchasing an additional 749 shares during the last quarter. Tidal Investments LLC increased its stake in Lamb Weston by 52.0% during the third quarter. Tidal Investments LLC now owns 35,089 shares of the specialty retailer’s stock valued at $2,272,000 after acquiring an additional 12,010 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Lamb Weston during the third quarter valued at about $63,000. Toronto Dominion Bank increased its stake in Lamb Weston by 49.5% during the third quarter. Toronto Dominion Bank now owns 65,331 shares of the specialty retailer’s stock valued at $4,230,000 after acquiring an additional 21,639 shares during the period. Finally, Coldstream Capital Management Inc. increased its stake in Lamb Weston by 5.4% during the third quarter. Coldstream Capital Management Inc. now owns 3,649 shares of the specialty retailer’s stock valued at $241,000 after acquiring an additional 186 shares during the period. 89.56% of the stock is currently owned by institutional investors and hedge funds.

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.