Bank of America Increases Lamb Weston (NYSE:LW) Price Target to $80.00

Lamb Weston (NYSE:LW) had its price objective increased by equities research analysts at Bank of America from $68.00 to $80.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the specialty retailer’s stock. Bank of America‘s price objective would suggest a potential upside of 3.55% from the company’s previous close.

LW has been the topic of a number of other research reports. TD Cowen increased their price target on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, September 24th. Stifel Nicolaus increased their price target on shares of Lamb Weston from $60.00 to $65.00 and gave the company a “hold” rating in a report on Thursday, October 3rd. Wells Fargo & Company increased their price target on shares of Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, October 3rd. Consumer Edge cut shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a report on Friday, July 26th. Finally, Citigroup increased their price target on shares of Lamb Weston from $75.00 to $76.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $80.56.

Lamb Weston Trading Down 0.1 %

NYSE:LW opened at $77.26 on Monday. The firm has a market capitalization of $11.16 billion, a P/E ratio of 10.32, a PEG ratio of 1.27 and a beta of 0.75. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. Lamb Weston has a one year low of $52.99 and a one year high of $111.88. The company’s 50-day simple moving average is $65.77 and its 200 day simple moving average is $74.56.

Lamb Weston (NYSE:LW) last announced its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.55 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the firm earned $1.63 earnings per share. As a group, analysts forecast that Lamb Weston will post 4.26 EPS for the current fiscal year.

Insider Transactions at Lamb Weston

In other Lamb Weston news, Director William G. Jurgensen purchased 10,000 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were acquired at an average price of $55.43 per share, for a total transaction of $554,300.00. Following the purchase, the director now directly owns 173,377 shares of the company’s stock, valued at $9,610,287.11. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.66% of the company’s stock.

Institutional Trading of Lamb Weston

Several institutional investors and hedge funds have recently modified their holdings of the company. Avantax Advisory Services Inc. increased its holdings in Lamb Weston by 3.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 3,806 shares of the specialty retailer’s stock valued at $405,000 after acquiring an additional 135 shares during the last quarter. City State Bank increased 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 valued at $27,000 after acquiring an additional 150 shares during the last quarter. Camarda Financial Advisors LLC increased its holdings in Lamb Weston by 0.9% in the 1st quarter. Camarda Financial Advisors LLC now owns 16,389 shares of the specialty retailer’s stock valued at $1,746,000 after acquiring an additional 151 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Lamb Weston by 31.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 655 shares of the specialty retailer’s stock valued at $70,000 after acquiring an additional 158 shares during the last quarter. Finally, Summit Financial Wealth Advisors LLC increased its holdings in Lamb Weston by 1.2% in the 1st quarter. Summit Financial Wealth Advisors LLC now owns 13,556 shares of the specialty retailer’s stock valued at $1,444,000 after acquiring an additional 161 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors.

Lamb Weston Company Profile

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.