Lamb Weston (NYSE:LW) Price Target Raised to $95.00

Lamb Weston (NYSE:LW - Get Free Report) had its price objective hoisted by research analysts at Jefferies Financial Group from $80.00 to $95.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the specialty retailer's stock. Jefferies Financial Group's target price would indicate a potential upside of 15.40% from the stock's current price.

Several other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. upped their price target on Lamb Weston from $68.00 to $78.00 and gave the stock a "neutral" rating in a research note on Monday. Wells Fargo & Company upped their price objective on shares of Lamb Weston from $70.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, October 3rd. Bank of America boosted their price target on shares of Lamb Weston from $68.00 to $80.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft began coverage on shares of Lamb Weston in a research report on Thursday, December 12th. They issued a "hold" rating and a $81.00 price objective for the company. Finally, Barclays boosted 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 investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $84.25.

Lamb Weston Stock Performance

NYSE LW traded up $0.11 during trading hours on Tuesday, hitting $82.32. The company had a trading volume of 3,057,318 shares, compared to its average volume of 2,471,551. The business has a 50 day moving average of $76.74 and a 200-day moving average of $72.83. The company has a market cap of $11.74 billion, a PE ratio of 19.30, a price-to-earnings-growth ratio of 1.34 and a beta of 0.70. 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 quick ratio of 0.54 and a current ratio of 1.19.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. The company had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The firm's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.63 earnings per share. As a group, equities research analysts expect that Lamb Weston will post 4.26 EPS for the current year.

Institutional Investors Weigh In On Lamb Weston

A number of hedge funds and other institutional investors have recently made changes to their positions in LW. Nicola Wealth Management LTD. purchased a new stake in Lamb Weston in the third quarter valued at approximately $6,474,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Lamb Weston in the 2nd quarter valued at $3,279,000. Clarkston Capital Partners LLC grew its stake in shares of Lamb Weston by 108.7% during the 3rd quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer's stock valued at $201,207,000 after buying an additional 1,618,570 shares during the period. Citigroup Inc. increased its holdings in shares of Lamb Weston by 39.3% during the 3rd quarter. Citigroup Inc. now owns 156,242 shares of the specialty retailer's stock worth $10,115,000 after buying an additional 44,057 shares during the last quarter. Finally, First Financial Bankshares Inc purchased a new position in shares of Lamb Weston in the 3rd quarter worth $6,506,000. 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.