Brokerages Set Lamb Weston (NYSE:LW) Target Price at $67.73

Lamb Weston (NYSE:LW) has been given a consensus recommendation of “Hold” by the twelve ratings firms that are covering the firm, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $67.73.

Several brokerages recently weighed in on LW. Bank of America reduced their price target on Lamb Weston from $60.00 to $56.00 and set a “neutral” rating for the company in a research report on Wednesday, June 18th. Jefferies Financial Group reduced their price target on Lamb Weston from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $57.00 price target on shares of Lamb Weston in a research report on Wednesday, March 19th. Stifel Nicolaus set a $56.00 price target on Lamb Weston and gave the company a “hold” rating in a research report on Thursday, April 24th. Finally, Wall Street Zen upgraded Lamb Weston from a “sell” rating to a “hold” rating in a research report on Thursday, May 8th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wayfinding Financial LLC purchased a new stake in shares of Lamb Weston during the first quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Lamb Weston during the first quarter worth approximately $28,000. Whipplewood Advisors LLC increased its position in shares of Lamb Weston by 3,466.7% during the first quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 520 shares in the last quarter. Putney Financial Group LLC purchased a new stake in shares of Lamb Weston during the fourth quarter worth approximately $34,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Lamb Weston during the fourth quarter worth approximately $36,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Trading Up 0.5%

Lamb Weston stock opened at $53.00 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 1.35 and a debt-to-equity ratio of 2.25. Lamb Weston has a 52 week low of $47.90 and a 52 week high of $83.98. The company has a market capitalization of $7.48 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 1.16 and a beta of 0.46. The stock has a 50-day moving average price of $53.15 and a 200 day moving average price of $55.86.

Lamb Weston (NYSE:LW) last released its earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.23. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. Lamb Weston had a return on equity of 27.25% and a net margin of 5.74%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 earnings per share. Sell-side analysts anticipate that Lamb Weston will post 3.1 EPS for the current year.

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.