Lamb Weston (NYSE:LW) Price Target Cut to $65.00 by Analysts at Wells Fargo & Company

Lamb Weston (NYSE:LW - Get Free Report) had its target price decreased by equities research analysts at Wells Fargo & Company from $70.00 to $65.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the specialty retailer's stock. Wells Fargo & Company's price target suggests a potential upside of 24.28% from the company's current price.

Other equities analysts also recently issued reports about the stock. Wall Street Zen raised shares of Lamb Weston from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Barclays reduced 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. Bank of America reduced their price target on shares of Lamb Weston from $60.00 to $56.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 18th. 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. Finally, Jefferies Financial Group reduced their price target 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. Nine investment analysts have rated the stock with a hold rating and four have assigned 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 price target of $67.64.

Lamb Weston Stock Performance

Shares of NYSE:LW opened at $52.30 on Wednesday. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 1.13 and a beta of 0.46. The company has a 50-day moving average price of $53.14 and a 200-day moving average price of $55.55. The company has a current ratio of 1.35, a quick ratio of 0.58 and a debt-to-equity ratio of 2.25. Lamb Weston has a 12 month low of $47.90 and a 12 month high of $83.98.

Institutional Investors Weigh In On Lamb Weston

Hedge funds and other institutional investors have recently bought and sold shares of the business. Putney Financial Group LLC purchased a new stake in Lamb Weston in the fourth quarter worth about $34,000. Wayfinding Financial LLC bought a new position in shares of Lamb Weston in the first quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Lamb Weston in the first quarter worth approximately $28,000. Whipplewood Advisors LLC lifted its stake in shares of Lamb Weston by 3,466.7% in the first quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer's stock worth $29,000 after buying an additional 520 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Lamb Weston in the fourth quarter worth approximately $36,000. 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.

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