Lamb Weston (NYSE:LW) Price Target Lowered to $61.00 at Barclays

Lamb Weston (NYSE:LW - Get Free Report) had its price target dropped by research analysts at Barclays from $69.00 to $61.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the specialty retailer's stock. Barclays's price target would suggest a potential upside of 18.15% from the company's previous close.

LW has been the topic of several other reports. StockNews.com raised shares of Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Jefferies Financial Group cut their price objective on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a report on Friday, April 11th. Wells Fargo & Company lowered their target price on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $57.00 price target on shares of Lamb Weston in a research report on Wednesday, March 19th. Finally, Stifel Nicolaus set a $56.00 target price on Lamb Weston and gave the stock a "hold" rating in a research note on Thursday, April 24th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Lamb Weston presently has a consensus rating of "Hold" and an average target price of $69.91.

Lamb Weston Stock Up 0.4%

NYSE:LW traded up $0.22 during trading hours on Monday, reaching $51.63. The company had a trading volume of 826,390 shares, compared to its average volume of 2,638,031. The business's 50-day simple moving average is $53.00 and its two-hundred day simple moving average is $62.05. Lamb Weston has a twelve month low of $47.90 and a twelve month high of $89.51. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of 20.41, a P/E/G ratio of 1.40 and a beta of 0.46. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.23. The business had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.50 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.20 EPS. On average, equities analysts expect that Lamb Weston will post 3.1 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its holdings in shares of Lamb Weston by 2.4% in the 3rd quarter. Principal Financial Group Inc. now owns 165,953 shares of the specialty retailer's stock valued at $10,744,000 after acquiring an additional 3,927 shares during the last quarter. Czech National Bank lifted its stake in shares of Lamb Weston by 5.6% in the 4th quarter. Czech National Bank now owns 30,919 shares of the specialty retailer's stock valued at $2,066,000 after purchasing an additional 1,652 shares during the last quarter. Miracle Mile Advisors LLC purchased a new position in shares of Lamb Weston in the 4th quarter worth approximately $1,439,000. Courier Capital LLC raised its holdings in Lamb Weston by 27.5% during the 4th quarter. Courier Capital LLC now owns 4,509 shares of the specialty retailer's stock valued at $301,000 after buying an additional 972 shares during the period. Finally, FNY Investment Advisers LLC lifted its position in Lamb Weston by 143.0% in the fourth quarter. FNY Investment Advisers LLC now owns 3,220 shares of the specialty retailer's stock worth $215,000 after buying an additional 1,895 shares during the last quarter. Institutional investors own 89.56% of the company's stock.

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.