Wells Fargo & Company Cuts Lamb Weston (NYSE:LW) Price Target to $65.00

Lamb Weston (NYSE:LW - Get Free Report) had its price objective lowered by analysts at Wells Fargo & Company from $70.00 to $65.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the specialty retailer's stock. Wells Fargo & Company's target price suggests a potential upside of 26.78% from the company's current price.

Several other equities research analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $57.00 price target on shares of Lamb Weston in a research note on Wednesday, March 19th. Wall Street Zen raised shares of Lamb Weston from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Stifel Nicolaus set a $56.00 price target on shares of Lamb Weston and gave the company a "hold" rating in a research report on Thursday, April 24th. Jefferies Financial Group lowered their price objective on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, Barclays lowered their price target on shares of Lamb Weston from $69.00 to $61.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Lamb Weston has an average rating of "Hold" and an average price target of $67.64.

Lamb Weston Stock Performance

NYSE LW traded down $1.07 on Wednesday, reaching $51.27. The stock had a trading volume of 2,880,063 shares, compared to its average volume of 2,659,479. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.35 and a quick ratio of 0.58. The firm has a fifty day moving average of $53.14 and a two-hundred day moving average of $55.55. Lamb Weston has a 1-year low of $47.90 and a 1-year high of $83.98. The company has a market cap of $7.24 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 1.13 and a beta of 0.46.

Hedge Funds Weigh In On Lamb Weston

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Lamb Weston by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 17,072,932 shares of the specialty retailer's stock valued at $909,987,000 after purchasing an additional 426,045 shares in the last quarter. JANA Partners Management LP raised its holdings in Lamb Weston by 22.3% in the 4th quarter. JANA Partners Management LP now owns 7,131,339 shares of the specialty retailer's stock worth $476,587,000 after purchasing an additional 1,302,585 shares in the last quarter. Capital Research Global Investors bought a new position in Lamb Weston in the 4th quarter worth $423,270,000. Price T Rowe Associates Inc. MD increased its stake in shares of Lamb Weston by 49.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,500,503 shares of the specialty retailer's stock worth $239,877,000 after acquiring an additional 1,483,559 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Lamb Weston by 25.7% in the 1st quarter. Invesco Ltd. now owns 4,055,902 shares of the specialty retailer's stock worth $216,180,000 after acquiring an additional 829,207 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company's stock.

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.