Citigroup Increases Lamb Weston (NYSE:LW) Price Target to $75.00

Lamb Weston (NYSE:LW) had its price target boosted by equities researchers at Citigroup from $72.00 to $75.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the specialty retailer’s stock. Citigroup’s price target would suggest a potential upside of 15.67% from the company’s previous close.

Several other research analysts have also commented on the company. Stifel Nicolaus lowered Lamb Weston from a “buy” rating to a “hold” rating and decreased their target price for the stock from $115.00 to $60.00 in a research report on Thursday, July 25th. Barclays decreased their price objective on shares of Lamb Weston from $96.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, July 26th. Wells Fargo & Company dropped their target price on shares of Lamb Weston from $98.00 to $70.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. Consumer Edge lowered shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a report on Friday, July 26th. Finally, The Goldman Sachs Group dropped their price objective on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $80.70.

Lamb Weston Stock Down 0.1 %

Shares of NYSE:LW opened at $64.84 on Monday. The firm has a market cap of $9.36 billion, a PE ratio of 8.66, a price-to-earnings-growth ratio of 5.96 and a beta of 0.75. The company has a fifty day simple moving average of $62.93 and a 200 day simple moving average of $78.95. The company has a current ratio of 1.29, a quick ratio of 0.59 and a debt-to-equity ratio of 1.92. Lamb Weston has a 12-month low of $52.99 and a 12-month high of $111.88.

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

Insider Activity

In other Lamb Weston news, Director William G. Jurgensen acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was acquired at an average cost of $55.43 per share, with a total value of $554,300.00. Following the acquisition, the director now directly owns 173,377 shares of the company’s stock, valued at approximately $9,610,287.11. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.66% of the company’s stock.

Institutional Investors Weigh In On Lamb Weston

Institutional investors have recently bought and sold shares of the stock. TPG GP A LLC raised its holdings in shares of Lamb Weston by 74.4% in the 2nd quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer’s stock worth $245,869,000 after purchasing an additional 1,247,206 shares in the last quarter. Marshall Wace LLP lifted its stake in Lamb Weston by 78.5% during the second quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer’s stock valued at $158,790,000 after buying an additional 830,511 shares in the last quarter. Artemis Investment Management LLP boosted its holdings in shares of Lamb Weston by 117.2% in the first quarter. Artemis Investment Management LLP now owns 1,230,538 shares of the specialty retailer’s stock worth $131,035,000 after buying an additional 663,985 shares during the period. APG Asset Management US Inc. purchased a new position in shares of Lamb Weston in the fourth quarter worth approximately $56,699,000. Finally, Ninety One UK Ltd acquired a new stake in shares of Lamb Weston during the second quarter valued at approximately $42,518,000. Institutional investors and hedge funds 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.