Lamb Weston (NYSE:LW) Price Target Increased to $68.00 by Analysts at Bank of America

Lamb Weston (NYSE:LW - Get Free Report) had its target price hoisted by Bank of America from $66.00 to $68.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a "neutral" rating on the specialty retailer's stock. Bank of America's price objective points to a potential upside of 3.52% from the company's previous close.

Several other analysts have also issued reports on LW. TD Cowen lowered Lamb Weston from a "buy" rating to a "hold" rating and cut their target price for the stock from $105.00 to $61.00 in a research note on Thursday, July 25th. Wells Fargo & Company cut their price target on shares of Lamb Weston from $98.00 to $70.00 and set an "overweight" rating for the company in a research report on Friday, July 26th. JPMorgan Chase & Co. lowered their target price on Lamb Weston from $108.00 to $63.00 and set an "overweight" rating for the company in a research note on Thursday, July 25th. Stifel Nicolaus cut Lamb Weston from a "buy" rating to a "hold" rating and decreased their price target for the stock from $115.00 to $60.00 in a research note on Thursday, July 25th. Finally, Consumer Edge cut shares of Lamb Weston from an "overweight" rating to an "equal weight" rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $83.20.

Lamb Weston Price Performance

Shares of NYSE:LW traded up $0.93 on Tuesday, hitting $65.69. The company's stock had a trading volume of 1,792,549 shares, compared to its average volume of 2,477,423. The company has a market capitalization of $9.49 billion, a PE ratio of 8.82, a PEG ratio of 5.96 and a beta of 0.75. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.29 and a quick ratio of 0.59. The company has a 50-day simple moving average of $64.43 and a 200 day simple moving average of $80.49. Lamb Weston has a 1 year low of $52.99 and a 1 year high of $111.88.

Lamb Weston (NYSE:LW - Get Free Report) last announced its earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.46). The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.71 billion. Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. Sell-side analysts forecast that Lamb Weston will post 4.54 EPS for the current fiscal year.

Insider Transactions at Lamb Weston

In other Lamb Weston news, Director William G. Jurgensen bought 10,000 shares of the stock in a transaction dated Friday, July 26th. The stock was purchased at an average cost of $55.43 per share, for a total transaction of $554,300.00. Following the completion of the acquisition, the director now owns 173,377 shares of the company's stock, valued at $9,610,287.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.66% of the company's stock.

Institutional Investors Weigh In On Lamb Weston

Several institutional investors have recently modified their holdings of the business. Sanctuary Advisors LLC purchased a new stake in Lamb Weston during the 2nd quarter valued at $1,106,000. Maven Securities LTD bought a new position in Lamb Weston in the second quarter valued at about $504,000. Cetera Investment Advisers boosted its position in Lamb Weston by 57.5% in the second quarter. Cetera Investment Advisers now owns 30,499 shares of the specialty retailer's stock worth $2,564,000 after purchasing an additional 11,138 shares during the last quarter. EP Wealth Advisors LLC boosted its position in Lamb Weston by 6.3% in the second quarter. EP Wealth Advisors LLC now owns 4,037 shares of the specialty retailer's stock worth $339,000 after purchasing an additional 239 shares during the last quarter. Finally, Kimelman & Baird LLC bought a new stake in shares of Lamb Weston during the 2nd quarter valued at about $206,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

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.