Lamb Weston (NYSE:LW) Price Target Lowered to $78.00 at The Goldman Sachs Group

Lamb Weston (NYSE:LW) had its price target cut by stock analysts at The Goldman Sachs Group from $132.00 to $78.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the specialty retailer’s stock. The Goldman Sachs Group’s price target points to a potential upside of 39.29% from the company’s current price.

LW has been the subject of several other research reports. Barclays lowered their price objective on shares of Lamb Weston from $105.00 to $96.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Stifel Nicolaus downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating and cut their price target for the stock from $115.00 to $60.00 in a report on Thursday. Citigroup cut their price target 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. TD Cowen cut Lamb Weston from a “buy” rating to a “hold” rating and lowered their price objective for the company from $105.00 to $61.00 in a research note on Thursday. Finally, Wells Fargo & Company lowered their price objective on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Lamb Weston currently has an average rating of “Moderate Buy” and a consensus price target of $93.10.

Lamb Weston Price Performance

Lamb Weston stock traded down $0.42 during trading hours on Thursday, reaching $56.00. 5,906,515 shares of the stock were exchanged, compared to its average volume of 2,329,171. The stock has a 50 day moving average of $83.39 and a two-hundred day moving average of $92.31. Lamb Weston has a twelve month low of $53.17 and a twelve month high of $111.88. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 1.81. The company has a market cap of $8.09 billion, a P/E ratio of 7.48, a price-to-earnings-growth ratio of 1.29 and a beta of 0.74.

Institutional Investors Weigh In On Lamb Weston

Several hedge funds and other institutional investors have recently modified their holdings of LW. Norges Bank bought a new stake in shares of Lamb Weston during the fourth quarter valued at about $93,553,000. Artemis Investment Management LLP increased its position 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 purchasing an additional 663,985 shares during the last quarter. APG Asset Management US Inc. bought a new position in shares of Lamb Weston in the fourth quarter worth approximately $56,699,000. Ninety One UK Ltd bought a new position in shares of Lamb Weston in the second quarter worth approximately $42,518,000. Finally, Montrusco Bolton Investments Inc. increased its position in shares of Lamb Weston by 104.7% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 713,414 shares of the specialty retailer’s stock worth $77,113,000 after purchasing an additional 364,851 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors.

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.