Lamb Weston (NYSE:LW) Downgraded by TD Cowen

Lamb Weston (NYSE:LW) was downgraded by equities research analysts at TD Cowen from a “buy” rating to a “hold” rating in a research report issued on Thursday, July 25th, Marketbeat Ratings reports. They currently have a $61.00 target price on the specialty retailer’s stock, down from their prior target price of $105.00. TD Cowen’s target price would indicate a potential downside of 1.49% from the company’s current price.

A number of other research firms have also recently weighed in on LW. Stifel Nicolaus decreased their target price on shares of Lamb Weston from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Barclays dropped their target price on Lamb Weston from $105.00 to $96.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Wells Fargo & Company reduced their price target on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a report on Friday, April 5th. Bank of America dropped their price objective on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a report on Friday, April 5th. Finally, Citigroup reduced their target price on shares of Lamb Weston from $106.00 to $104.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $87.70.

Lamb Weston Price Performance

Shares of NYSE LW traded up $0.62 during mid-day trading on Thursday, reaching $61.92. The company had a trading volume of 1,962,884 shares, compared to its average volume of 2,520,579. Lamb Weston has a one year low of $52.99 and a one year high of $111.88. The business’s 50-day simple moving average is $68.91 and its 200 day simple moving average is $83.80. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.59 and a current ratio of 1.29. The firm has a market cap of $8.94 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 5.65 and a beta of 0.74.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.46). Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.71 billion. On average, research analysts predict that Lamb Weston will post 4.55 earnings per share for the current fiscal year.

Insider Activity at Lamb Weston

In other news, Director William G. Jurgensen bought 10,000 shares of the stock in a transaction dated Friday, July 26th. The shares were bought at an average cost of $55.43 per share, with a total value of $554,300.00. Following the completion of the transaction, the director now directly owns 173,377 shares of the company’s stock, valued at $9,610,287.11. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.66% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. WFA Asset Management Corp boosted its holdings in Lamb Weston by 248.6% during the first quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 174 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of Lamb Weston in the 1st quarter worth approximately $28,000. Redmont Wealth Advisors LLC bought a new position in shares of Lamb Weston in the first quarter valued at approximately $32,000. Crewe Advisors LLC increased its position in shares of Lamb Weston by 357.5% during the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 261 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Lamb Weston by 135.8% during the second quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 220 shares during the period. Institutional investors 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.