Bank of America Issues Pessimistic Forecast for Lamb Weston (NYSE:LW) Stock Price

Lamb Weston (NYSE:LW) had its price objective decreased by Bank of America from $60.00 to $56.00 in a research note published on Wednesday,Benzinga reports. Bank of America currently has a neutral rating on the specialty retailer’s stock.

A number of other research firms also recently weighed in on LW. Stifel Nicolaus set a $56.00 price target on shares of Lamb Weston and gave the stock a “hold” rating in a research note on Thursday, April 24th. Barclays decreased their price target on shares of Lamb Weston from $69.00 to $61.00 and set an “overweight” rating on the stock in a research note on Monday, May 12th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $57.00 target price on shares of Lamb Weston in a research note on Wednesday, March 19th. Jefferies Financial Group reduced their target price on shares of Lamb Weston from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Finally, Wall Street Zen upgraded shares of Lamb Weston from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $67.73.

Lamb Weston Trading Up 0.5%

Shares of Lamb Weston stock opened at $53.49 on Wednesday. Lamb Weston has a 1 year low of $47.90 and a 1 year high of $85.79. The company has a current ratio of 1.35, a quick ratio of 0.58 and a debt-to-equity ratio of 2.25. The company’s fifty day simple moving average is $53.18 and its 200-day simple moving average is $57.58. The company has a market cap of $7.55 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 1.16 and a beta of 0.49.

Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.23. Lamb Weston had a net margin of 5.74% and a return on equity of 27.25%. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company earned $1.20 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. As a group, sell-side analysts expect that Lamb Weston will post 3.1 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. BROOKFIELD Corp ON raised its holdings in shares of Lamb Weston by 95.8% in the first quarter. BROOKFIELD Corp ON now owns 1,016,266 shares of the specialty retailer’s stock valued at $54,167,000 after buying an additional 497,266 shares during the last quarter. Inspire Investing LLC raised its holdings in shares of Lamb Weston by 12.7% in the first quarter. Inspire Investing LLC now owns 19,796 shares of the specialty retailer’s stock valued at $1,055,000 after buying an additional 2,224 shares during the last quarter. Anson Funds Management LP bought a new position in shares of Lamb Weston in the first quarter valued at about $4,784,000. Strs Ohio bought a new position in shares of Lamb Weston in the first quarter valued at about $10,660,000. Finally, IFM Investors Pty Ltd raised its holdings in shares of Lamb Weston by 9.6% in the first quarter. IFM Investors Pty Ltd now owns 35,050 shares of the specialty retailer’s stock valued at $1,868,000 after buying an additional 3,077 shares during the last quarter. 89.56% of the stock is owned by institutional investors.

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.