Lamb Weston (NYSE:LW) Price Target Cut to $66.00 by Analysts at Wells Fargo & Company

Lamb Weston (NYSE:LW) had its price target reduced by research analysts at Wells Fargo & Company from $72.00 to $66.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the specialty retailer’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 11.86% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Citigroup lowered Lamb Weston from a “buy” rating to a “neutral” rating and lowered their price target for the company from $90.00 to $68.00 in a research report on Friday, December 20th. JPMorgan Chase & Co. upped their target price on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Stifel Nicolaus lowered their price objective on Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday, December 20th. StockNews.com upgraded shares of Lamb Weston to a “sell” rating in a research report on Monday, February 24th. Finally, Sanford C. Bernstein began coverage on shares of Lamb Weston in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $73.55.

Lamb Weston Stock Up 9.0 %

Shares of NYSE LW traded up $4.85 during trading on Wednesday, hitting $59.00. 5,382,880 shares of the company traded hands, compared to its average volume of 2,716,528. Lamb Weston has a fifty-two week low of $47.90 and a fifty-two week high of $89.51. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The business’s fifty day moving average is $55.27 and its 200 day moving average is $65.65. The firm has a market capitalization of $8.42 billion, a price-to-earnings ratio of 23.32, a P/E/G ratio of 1.40 and a beta of 0.76.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.22. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 EPS. Equities research analysts predict that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Robert A. Niblock acquired 3,000 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were acquired at an average cost of $60.94 per share, with a total value of $182,820.00. Following the completion of the acquisition, the director now directly owns 26,406 shares in the company, valued at approximately $1,609,181.64. This trade represents a 12.82 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Lamb Weston

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP raised its holdings in Lamb Weston by 16.1% in the 4th quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer’s stock valued at $74,000 after acquiring an additional 170 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of Lamb Weston by 5.4% in the third quarter. Coldstream Capital Management Inc. now owns 3,649 shares of the specialty retailer’s stock valued at $241,000 after purchasing an additional 186 shares during the period. Blair William & Co. IL grew its stake in shares of Lamb Weston by 3.2% in the 4th quarter. Blair William & Co. IL now owns 7,130 shares of the specialty retailer’s stock valued at $476,000 after buying an additional 219 shares during the period. Atria Investments Inc lifted its holdings in Lamb Weston by 3.2% in the fourth quarter. Atria Investments Inc now owns 7,255 shares of the specialty retailer’s stock valued at $485,000 after acquiring an additional 227 shares during the last quarter. Finally, Norinchukin Bank The raised its position in Lamb Weston by 4.0% in the fourth quarter. Norinchukin Bank The now owns 5,873 shares of the specialty retailer’s stock valued at $392,000 after purchasing an additional 227 shares during the period. Institutional investors and hedge funds 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.