Bank of America Forecasts Strong Price Appreciation for Lamb Weston (NYSE:LW) Stock

Lamb Weston (NYSE:LW) had its price objective upped by Bank of America from $60.00 to $66.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the specialty retailer’s stock. Bank of America‘s target price indicates a potential upside of 6.10% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Wells Fargo & Company lifted their target price on Lamb Weston from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday. Barclays lifted their target price on Lamb Weston from $61.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. assumed coverage on Lamb Weston in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $57.00 target price on the stock. Cowen reiterated a “hold” rating on shares of Lamb Weston in a research note on Wednesday. Finally, Stifel Nicolaus set a $66.00 target price on Lamb Weston in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $65.56.

Lamb Weston Stock Performance

Shares of Lamb Weston stock opened at $62.21 on Wednesday. The firm has a market cap of $8.67 billion, a P/E ratio of 29.76, a P/E/G ratio of 6.51 and a beta of 0.52. The company has a current ratio of 1.49, a quick ratio of 0.68 and a debt-to-equity ratio of 2.05. Lamb Weston has a 12 month low of $47.87 and a 12 month high of $83.98. The stock’s fifty day moving average price is $56.03 and its 200-day moving average price is $54.15.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Tuesday, September 30th. The specialty retailer reported $0.74 EPS for the quarter, beating the consensus estimate of $0.53 by $0.21. Lamb Weston had a return on equity of 28.08% and a net margin of 4.56%.The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the firm posted $0.88 earnings per share. The business’s revenue for the quarter was up .3% on a year-over-year basis. Lamb Weston has set its FY 2026 guidance at EPS. On average, equities research analysts expect that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lamb Weston

A number of large investors have recently modified their holdings of the business. American National Bank & Trust purchased a new stake in Lamb Weston in the second quarter valued at approximately $25,000. Wayfinding Financial LLC purchased a new stake in Lamb Weston in the first quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Lamb Weston in the first quarter valued at approximately $28,000. ST Germain D J Co. Inc. boosted its position in Lamb Weston by 64.2% in the second quarter. ST Germain D J Co. Inc. now owns 537 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 210 shares during the last quarter. Finally, Whipplewood Advisors LLC boosted its position in Lamb Weston by 3,466.7% in the first quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 520 shares during the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

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.