Wells Fargo & Company Issues Pessimistic Forecast for Lamb Weston (NYSE:LW) Stock Price

Lamb Weston (NYSE:LW - Get Free Report) had its price objective cut by stock analysts at Wells Fargo & Company from $72.00 to $66.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the specialty retailer's stock. Wells Fargo & Company's price objective points to a potential upside of 11.66% from the stock's previous close.

A number of other equities research analysts have also recently commented on the company. StockNews.com raised Lamb Weston to a "sell" rating in a research note on Monday, February 24th. Barclays decreased their target price on Lamb Weston from $87.00 to $69.00 and set an "overweight" rating for the company in a research report on Monday, December 23rd. JPMorgan Chase & Co. increased their price target 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. Citigroup cut shares of Lamb Weston from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $90.00 to $68.00 in a report on Friday, December 20th. Finally, Jefferies Financial Group upped their target price 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, Lamb Weston currently has an average rating of "Hold" and a consensus target price of $73.09.

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Lamb Weston Trading Down 0.8 %

Lamb Weston stock traded down $0.46 during trading hours on Wednesday, reaching $59.11. 5,115,775 shares of the company's stock traded hands, compared to its average volume of 2,767,775. The firm has a market capitalization of $8.43 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 1.40 and a beta of 0.48. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. Lamb Weston has a fifty-two week low of $47.90 and a fifty-two week high of $89.51. The firm's 50 day moving average is $55.22 and its 200-day moving average is $65.57.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share for the quarter, beating 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 period in the prior year, the business posted $1.20 earnings per share. Lamb Weston's revenue was up 4.3% compared to the same quarter last year. On average, analysts predict that Lamb Weston will post 3.1 earnings per share for the current year.

Insiders Place Their Bets

In other Lamb Weston news, Director Robert A. Niblock purchased 3,000 shares of the business's stock in a transaction on Monday, January 13th. The shares were purchased at an average cost of $60.94 per share, with a total value of $182,820.00. Following the transaction, the director now directly owns 26,406 shares of the company's stock, valued at $1,609,181.64. This represents a 12.82 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.72% of the company's stock.

Institutional Trading of Lamb Weston

A number of hedge funds and other institutional investors have recently modified their holdings of LW. Alberta Investment Management Corp bought a new position in Lamb Weston in the fourth quarter valued at approximately $2,641,000. Atria Wealth Solutions Inc. acquired a new stake in shares of Lamb Weston in the 4th quarter valued at approximately $2,850,000. Leeward Investments LLC MA grew its stake in shares of Lamb Weston by 41.5% in the fourth quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer's stock valued at $10,457,000 after buying an additional 45,904 shares in the last quarter. HB Wealth Management LLC raised its position in Lamb Weston by 6.5% during the fourth quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer's stock worth $892,000 after acquiring an additional 817 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Lamb Weston by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer's stock worth $82,174,000 after acquiring an additional 16,092 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company's stock.

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.