Lamb Weston (NYSE:LW) Given New $68.00 Price Target at Stifel Nicolaus

Lamb Weston (NYSE:LWGet Free Report) had its price objective cut by research analysts at Stifel Nicolaus from $80.00 to $68.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the specialty retailer’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 9.52% from the company’s previous close.

Several other research analysts have also recently weighed in on the company. TD Cowen boosted their price objective on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Lamb Weston in a research note on Thursday, December 12th. They issued a “hold” rating and a $81.00 target price on the stock. Jefferies Financial Group raised their price target on shares of Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. upped their price objective on Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Finally, Barclays raised their target price on Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $81.42.

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Lamb Weston Price Performance

LW opened at $62.09 on Friday. Lamb Weston has a 1 year low of $52.99 and a 1 year high of $111.88. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. The company has a market capitalization of $8.85 billion, a price-to-earnings ratio of 14.58, a P/E/G ratio of 1.34 and a beta of 0.70. The firm’s fifty day moving average price is $76.76 and its two-hundred day moving average price is $72.48.

Lamb Weston (NYSE:LWGet Free Report) last issued its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the company posted $1.45 earnings per share. The company’s revenue for the quarter was down 7.5% on a year-over-year basis. As a group, analysts anticipate that Lamb Weston will post 4.26 earnings per share for the current fiscal year.

Institutional Trading of Lamb Weston

A number of hedge funds have recently made changes to their positions in LW. Southpoint Capital Advisors LP purchased a new stake in Lamb Weston in the third quarter worth approximately $129,480,000. Clarkston Capital Partners LLC lifted its holdings in shares of Lamb Weston by 108.7% in the 3rd quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock worth $201,207,000 after acquiring an additional 1,618,570 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Lamb Weston during the 3rd quarter valued at $86,883,000. TPG GP A LLC raised its position in Lamb Weston by 74.4% in the 2nd quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer’s stock worth $245,869,000 after purchasing an additional 1,247,206 shares during the period. Finally, Marshall Wace LLP lifted its stake in Lamb Weston by 78.5% in the second quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer’s stock worth $158,790,000 after purchasing an additional 830,511 shares during the last quarter. 89.56% of the stock is owned by institutional investors.

Lamb Weston Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Lamb Weston (NYSE:LW)

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