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

Lamb Weston (NYSE:LW) had its price target hoisted by research analysts at Citigroup from $72.00 to $75.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. Citigroup’s price objective indicates a potential upside of 15.67% from the company’s previous close.

Several other equities analysts have also recently commented on LW. JPMorgan Chase & Co. lowered their price target on shares of Lamb Weston from $108.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. TD Cowen lowered Lamb Weston from a “buy” rating to a “hold” rating and dropped their target price for the stock from $105.00 to $61.00 in a research report on Thursday, July 25th. Consumer Edge downgraded Lamb Weston from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th. Wells Fargo & Company lowered their price target on Lamb Weston from $98.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday, July 26th. Finally, Barclays cut their price objective on shares of Lamb Weston from $96.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.70.

Lamb Weston Trading Down 0.1 %

Shares of NYSE LW opened at $64.84 on Monday. 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 one year low of $52.99 and a one year high of $111.88. The business has a 50-day moving average price of $62.93 and a two-hundred day moving average price of $78.95. The firm has a market capitalization of $9.36 billion, a PE ratio of 8.66, a PEG ratio of 5.96 and a beta of 0.75.

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

Insider Activity

In other news, Director William G. Jurgensen bought 10,000 shares of the business’s stock in a transaction on Friday, July 26th. The stock was purchased at an average price of $55.43 per share, with a total value of $554,300.00. Following the transaction, the director now directly owns 173,377 shares in the company, valued at $9,610,287.11. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.66% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. TPG GP A LLC boosted its position in shares of Lamb Weston by 74.4% in the second quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer’s stock valued at $245,869,000 after acquiring an additional 1,247,206 shares during the period. Marshall Wace LLP raised its stake in Lamb Weston by 78.5% during the 2nd quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer’s stock valued at $158,790,000 after purchasing an additional 830,511 shares during the last quarter. Artemis Investment Management LLP boosted its holdings in Lamb Weston by 117.2% in the 1st quarter. Artemis Investment Management LLP now owns 1,230,538 shares of the specialty retailer’s stock valued at $131,035,000 after purchasing an additional 663,985 shares during the period. APG Asset Management US Inc. acquired a new stake in Lamb Weston in the 4th quarter worth $56,699,000. Finally, Ninety One UK Ltd bought a new position in shares of Lamb Weston during the 2nd quarter worth about $42,518,000. 89.56% of the stock is 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.