Jefferies Financial Group Issues Positive Forecast for Lamb Weston (NYSE:LW) Stock Price

Lamb Weston (NYSE:LW) had its price objective lifted by research analysts at Jefferies Financial Group from $80.00 to $95.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the specialty retailer’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 21.45% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Sanford C. Bernstein initiated coverage on shares of Lamb Weston in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 price target for the company. TD Cowen upped their target price on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, September 24th. Barclays upped their price objective on shares of Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Citigroup lifted their price objective on Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Lamb Weston in a research note on Thursday, December 12th. They set a “hold” rating and a $81.00 target price for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $84.25.

Lamb Weston Trading Down 5.0 %

Lamb Weston stock opened at $78.22 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. The stock has a 50-day moving average price of $77.11 and a 200 day moving average price of $72.83. Lamb Weston has a 52 week low of $52.99 and a 52 week high of $111.88. The company has a market capitalization of $11.15 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 1.34 and a beta of 0.70.

Lamb Weston (NYSE:LW) last announced its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The business’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the firm posted $1.63 EPS. Sell-side analysts anticipate that Lamb Weston will post 4.26 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. City State Bank raised its stake in Lamb Weston by 56.2% in the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Crewe Advisors LLC grew its position in shares of Lamb Weston by 357.5% in the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 261 shares during the period. Northwest Investment Counselors LLC acquired a new position in Lamb Weston in the third quarter valued at $29,000. Riverview Trust Co purchased a new position in Lamb Weston during the third quarter worth about $35,000. Finally, Family Firm Inc. purchased a new stake in Lamb Weston in the 2nd quarter valued at about $36,000. 89.56% of the stock is owned by hedge funds and other 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.