BNP Paribas Exane Increases Lamb Weston (NYSE:LW) Price Target to $66.00

Key Points

• BNP Paribas Exane has raised its price target for Lamb Weston from $64.00 to $66.00, indicating a potential upside of 5.16% from the current stock price.
• The company has reported earnings per share of $0.74 for the last quarter, exceeding analyst expectations of $0.53, along with a revenue of $1.66 billion.
• Average analyst ratings for Lamb Weston are currently at "Hold" with a price target average of $65.70.

Lamb Weston (NYSE:LW - Get Free Report) had its price objective increased by BNP Paribas Exane from $64.00 to $66.00 in a note issued to investors on Wednesday,MarketScreener reports. The brokerage presently has an "outperform" rating on the specialty retailer's stock. BNP Paribas Exane's price target points to a potential upside of 5.16% from the company's current price.

A number of other research analysts also recently weighed in on LW. Sanford C. Bernstein set a $65.00 price target on shares of Lamb Weston and gave the company a "market perform" rating in a report on Wednesday. Wells Fargo & Company increased their price target on Lamb Weston from $66.00 to $68.00 and gave the company an "overweight" rating in a report on Wednesday. Weiss Ratings reiterated a "hold (c-)" rating on shares of Lamb Weston in a research note on Saturday, September 27th. Stifel Nicolaus set a $66.00 price objective on Lamb Weston in a research note on Wednesday. Finally, JPMorgan Chase & Co. assumed coverage on Lamb Weston in a report on Wednesday, August 20th. They issued a "neutral" rating and a $57.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $65.70.

Lamb Weston Stock Performance

Shares of LW opened at $62.76 on Wednesday. Lamb Weston has a 52 week low of $47.87 and a 52 week high of $83.98. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.68 and a current ratio of 1.49. The company has a market capitalization of $8.75 billion, a PE ratio of 30.03, a PEG ratio of 4.26 and a beta of 0.52. The company's 50 day moving average price is $56.07 and its 200 day moving average price is $54.22.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings data on Tuesday, September 30th. The specialty retailer reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.21. Lamb Weston had a return on equity of 28.08% and a net margin of 4.56%.The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period last year, the company earned $0.88 earnings per share. Lamb Weston's quarterly revenue was up .3% compared to the same quarter last year. Lamb Weston has set its FY 2026 guidance at EPS. Research analysts expect that Lamb Weston will post 3.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Lamb Weston

Several institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its holdings in Lamb Weston by 23.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 723,215 shares of the specialty retailer's stock valued at $38,547,000 after purchasing an additional 135,188 shares during the last quarter. Jump Financial LLC raised its stake in shares of Lamb Weston by 2,603.3% in the first quarter. Jump Financial LLC now owns 189,826 shares of the specialty retailer's stock valued at $10,118,000 after acquiring an additional 182,804 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in Lamb Weston during the 1st quarter worth approximately $1,059,000. Liberty One Investment Management LLC increased its holdings in Lamb Weston by 17.4% during the 1st quarter. Liberty One Investment Management LLC now owns 411,353 shares of the specialty retailer's stock valued at $21,925,000 after purchasing an additional 61,085 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new position in Lamb Weston in the 1st quarter valued at $3,847,000. Institutional investors and hedge funds 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.

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