Lamb Weston (NYSE:LW) Price Target Raised to $70.00

Lamb Weston (NYSE:LW) had its target price raised by equities research analysts at Jefferies Financial Group from $67.00 to $70.00 in a report released on Friday,MarketScreener reports. The firm currently has a “buy” rating on the specialty retailer’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 17.32% from the company’s current price.

A number of other brokerages also recently issued reports on LW. Sanford C. Bernstein set a $65.00 price target on Lamb Weston and gave the company a “market perform” rating in a report on Wednesday, October 1st. Bank of America increased their target price on shares of Lamb Weston from $60.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Lamb Weston from $59.00 to $61.00 and gave the company a “hold” rating in a research note on Wednesday, October 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Lamb Weston in a research note on Monday. Finally, BNP Paribas Exane lifted their price target on shares of Lamb Weston from $64.00 to $66.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, Lamb Weston currently has a consensus rating of “Hold” and a consensus target price of $65.20.

Lamb Weston Trading Up 0.3%

Shares of NYSE:LW traded up $0.19 on Friday, hitting $59.67. 979,798 shares of the company’s stock were exchanged, compared to its average volume of 1,158,617. Lamb Weston has a 12 month low of $47.87 and a 12 month high of $83.98. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of 28.55, a price-to-earnings-growth ratio of 3.94 and a beta of 0.44. The business’s 50 day simple moving average is $61.25 and its two-hundred day simple moving average is $57.07. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.49 and a quick ratio of 0.77.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $0.64 earnings per share (EPS) for the quarter. The business had revenue of $1.15 billion for the quarter. Lamb Weston had a return on equity of 28.08% and a net margin of 4.56%. Analysts anticipate that Lamb Weston will post 3.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Lamb Weston

A number of institutional investors and hedge funds have recently modified their holdings of LW. AlphaQuest LLC raised its position in shares of Lamb Weston by 115.5% during the 3rd quarter. AlphaQuest LLC now owns 446 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 239 shares during the last quarter. American National Bank & Trust acquired a new position in Lamb Weston in the second quarter valued at $25,000. Quent Capital LLC purchased a new position in Lamb Weston during the third quarter worth about $29,000. Motco purchased a new stake in Lamb Weston in the 3rd quarter valued at about $30,000. Finally, ST Germain D J Co. Inc. boosted its holdings in shares of Lamb Weston by 64.2% in the 2nd quarter. ST Germain D J Co. Inc. now owns 537 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 210 shares during the last quarter. 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.