Lamb Weston (NYSE:LW) Given New $66.00 Price Target at Bank of America

Key Points

• Bank of America has raised its price target for Lamb Weston from $60.00 to $66.00, indicating a potential upside of 8.75% from the stock's previous close.
• Other analysts have also set various price targets, with Barclays and Wells Fargo targeting $68.00 and Sanford C. Bernstein at $65.00, contributing to an average rating of "Hold" for the stock.
• Lamb Weston reported a quarterly EPS of $0.74, surpassing estimates of $0.53, with revenue of $1.66 billion for the period.

Lamb Weston (NYSE:LW - Get Free Report) had its price objective increased by equities researchers at Bank of America from $60.00 to $66.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the specialty retailer's stock. Bank of America's target price points to a potential upside of 8.75% from the stock's previous close.

A number of other equities research analysts also recently commented on the company. Sanford C. Bernstein set a $65.00 target price on Lamb Weston and gave the stock a "market perform" rating in a research report on Wednesday. Barclays increased their price objective on shares of Lamb Weston from $61.00 to $68.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Wells Fargo & Company raised their target price on shares of Lamb Weston from $66.00 to $68.00 and gave the company an "overweight" rating in a research note on Wednesday. Stifel Nicolaus set a $66.00 price target on Lamb Weston in a research note on Wednesday. Finally, JPMorgan Chase & Co. assumed coverage on shares of Lamb Weston in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $57.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, Lamb Weston presently has an average rating of "Hold" and a consensus target price of $65.56.

Lamb Weston Stock Performance

Shares of LW stock traded up $2.61 during trading on Wednesday, reaching $60.69. 562,961 shares of the company's stock traded hands, compared to its average volume of 2,242,715. The company has a current ratio of 1.38, a quick ratio of 0.68 and a debt-to-equity ratio of 2.12. Lamb Weston has a 1 year low of $47.87 and a 1 year high of $83.98. The company has a market capitalization of $8.46 billion, a P/E ratio of 24.17, a PEG ratio of 2.27 and a beta of 0.49. The firm's 50-day moving average is $55.86 and its 200 day moving average is $54.03.

Lamb Weston (NYSE:LW - Get Free Report) last released its earnings results on Tuesday, September 30th. The specialty retailer reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.21. Lamb Weston had a return on equity of 27.99% and a net margin of 5.54%.The business had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.62 billion. During the same quarter in the prior year, the firm earned $0.88 earnings per share. The firm's revenue was up .3% on a year-over-year basis. Lamb Weston has set its FY 2026 guidance at EPS. Equities research analysts expect that Lamb Weston will post 3.1 EPS for the current year.

Institutional Investors Weigh In On Lamb Weston

Several hedge funds and other institutional investors have recently bought and sold shares of LW. Envestnet Asset Management Inc. lifted its stake in shares of Lamb Weston by 23.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 723,215 shares of the specialty retailer's stock worth $38,547,000 after acquiring an additional 135,188 shares during the period. Jump Financial LLC increased its position 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 worth $10,118,000 after acquiring an additional 182,804 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Lamb Weston during the first quarter worth $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 worth $21,925,000 after purchasing an additional 61,085 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new stake in Lamb Weston in the first quarter valued at about $3,847,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

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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