Analysts Set Lamb Weston Holdings, Inc. (NYSE:LW) PT at $117.40

Shares of Lamb Weston Holdings, Inc. (NYSE:LW) have received an average rating of “Buy” from the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Ten research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have covered the stock in the last year is $117.40.

A number of research firms have recently issued reports on LW. Stifel Nicolaus reduced their target price on Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, April 5th. Bank of America reduced their target price on Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a report on Friday, April 5th. Barclays reduced their target price on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a report on Monday, April 8th. Citigroup reduced their target price on Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a report on Monday, April 8th. Finally, Wells Fargo & Company cut their price objective on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a report on Friday, April 5th.

Institutional Investors Weigh In On Lamb Weston

Hedge funds and other institutional investors have recently made changes to their positions in the business. WFA Asset Management Corp grew its position in shares of Lamb Weston by 248.6% in the first quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 174 shares during the last quarter. VisionPoint Advisory Group LLC grew its position in Lamb Weston by 113.4% during the third quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock worth $28,000 after buying an additional 161 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in Lamb Weston during the first quarter worth about $28,000. Redmont Wealth Advisors LLC acquired a new stake in Lamb Weston during the first quarter worth about $32,000. Finally, Vima LLC acquired a new stake in Lamb Weston during the fourth quarter worth about $50,000. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Stock Performance

LW opened at $84.08 on Friday. The firm has a market cap of $12.14 billion, a PE ratio of 11.23, a P/E/G ratio of 1.38 and a beta of 0.75. The company has a quick ratio of 0.52, a current ratio of 1.19 and a debt-to-equity ratio of 1.81. The business has a fifty day simple moving average of $85.48 and a 200-day simple moving average of $95.82. Lamb Weston has a fifty-two week low of $77.41 and a fifty-two week high of $117.38.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.20). The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.65 billion. Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The business’s revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.43 earnings per share. As a group, equities analysts predict that Lamb Weston will post 5.54 EPS for the current fiscal year.

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.