Lamb Weston (NYSE:LW) Price Target Lowered to $63.00 at Stifel Nicolaus

Lamb Weston (NYSE:LW - Get Free Report) had its target price decreased by Stifel Nicolaus from $68.00 to $63.00 in a research note issued on Friday,Benzinga reports. The firm currently has a "hold" rating on the specialty retailer's stock. Stifel Nicolaus' price target suggests a potential upside of 13.74% from the stock's previous close.

A number of other equities analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $57.00 price target on shares of Lamb Weston in a report on Wednesday, March 19th. Barclays dropped their target price on shares of Lamb Weston from $87.00 to $69.00 and set an "overweight" rating for the company in a report on Monday, December 23rd. Citigroup lowered shares of Lamb Weston from a "buy" rating to a "neutral" rating and decreased their price target for the company from $90.00 to $68.00 in a report on Friday, December 20th. Jefferies Financial Group increased their price objective on shares of Lamb Weston from $80.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. raised their target price on shares of Lamb Weston from $68.00 to $78.00 and gave the company a "neutral" rating in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Lamb Weston currently has an average rating of "Hold" and a consensus target price of $73.09.

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Lamb Weston Price Performance

Lamb Weston stock traded up $2.91 during trading hours on Friday, reaching $55.39. 3,117,323 shares of the stock were exchanged, compared to its average volume of 2,734,400. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. Lamb Weston has a twelve month low of $47.90 and a twelve month high of $89.51. The company has a market cap of $7.90 billion, a P/E ratio of 21.89, a price-to-earnings-growth ratio of 1.40 and a beta of 0.48. The stock has a 50 day moving average of $54.77 and a two-hundred day moving average of $65.32.

Lamb Weston (NYSE:LW - Get Free Report) last posted its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.23. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business posted $1.20 EPS. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. Equities analysts expect that Lamb Weston will post 3.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robert A. Niblock bought 3,000 shares of the firm's stock in a transaction on Monday, January 13th. The stock was acquired at an average price of $60.94 per share, with a total value of $182,820.00. Following the transaction, the director now owns 26,406 shares of the company's stock, valued at $1,609,181.64. This trade represents a 12.82 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.72% of the company's stock.

Institutional Investors Weigh In On Lamb Weston

Institutional investors have recently modified their holdings of the company. Capital Research Global Investors bought a new position in Lamb Weston during the fourth quarter worth $423,270,000. Norges Bank bought a new position in shares of Lamb Weston in the 4th quarter worth about $96,736,000. JANA Partners Management LP lifted its stake in shares of Lamb Weston by 22.3% in the 4th quarter. JANA Partners Management LP now owns 7,131,339 shares of the specialty retailer's stock valued at $476,587,000 after purchasing an additional 1,302,585 shares during the period. Continental Grain Co. bought a new stake in shares of Lamb Weston during the 4th quarter valued at about $63,786,000. Finally, Boston Partners grew its stake in Lamb Weston by 26.8% during the fourth quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer's stock worth $232,330,000 after purchasing an additional 735,901 shares during the period. 89.56% of the stock is owned by institutional investors.

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.