Lamb Weston (NYSE:LW) Now Covered by JPMorgan Chase & Co.

Key Points

• Lamb Weston (NYSE:LW) had its "neutral" rating reaffirmed by JPMorgan Chase & Co., with a revised price target of $57.00, down from $66.00.
• In contrast, Wells Fargo increased its price target to $66.00 and assigned an "overweight" rating, indicating differing analyst opinions on the stock's potential.
• The stock recently reported earnings of $0.87 per share, exceeding analysts’ expectations, alongside a revenue increase of 4.0% compared to the previous year.

Analysts at JPMorgan Chase & Co. assumed coverage on shares of Lamb Weston (NYSE:LW - Get Free Report) in a report issued on Wednesday, Marketbeat Ratings reports. The brokerage set a "neutral" rating and a $57.00 price target on the specialty retailer's stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 1.16% from the company's current price.

Other research analysts also recently issued reports about the company. Wells Fargo & Company lifted their target price on Lamb Weston from $65.00 to $66.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Bank of America reduced their target price on Lamb Weston from $60.00 to $56.00 and set a "neutral" rating for the company in a research note on Wednesday, June 18th. Wall Street Zen upgraded Lamb Weston from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Barclays boosted their price target on Lamb Weston from $61.00 to $68.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Finally, Stifel Nicolaus set a $56.00 target price on Lamb Weston and gave the company a "hold" rating in a research report on Thursday, April 24th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $65.30.

Lamb Weston Stock Performance

Shares of NYSE LW traded down $0.6450 during midday trading on Wednesday, hitting $56.3450. 297,933 shares of the company's stock were exchanged, compared to its average volume of 2,328,507. The company has a quick ratio of 0.68, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. Lamb Weston has a 12 month low of $47.87 and a 12 month high of $83.98. The company's 50 day moving average price is $53.58 and its 200 day moving average price is $53.61. The firm has a market capitalization of $7.85 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 2.35 and a beta of 0.49.

Lamb Weston (NYSE:LW - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.87 EPS for the quarter, topping the consensus estimate of $0.64 by $0.23. Lamb Weston had a return on equity of 27.99% and a net margin of 5.54%.The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the previous year, the company posted $0.78 EPS. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. Lamb Weston has set its FY 2026 guidance at EPS. As a group, analysts predict that Lamb Weston will post 3.1 earnings per share 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 business. Marex Group plc bought a new stake in shares of Lamb Weston during the 2nd quarter valued at about $259,000. Advisory Services Network LLC boosted its holdings in Lamb Weston by 6.3% in the second quarter. Advisory Services Network LLC now owns 7,440 shares of the specialty retailer's stock worth $425,000 after acquiring an additional 440 shares in the last quarter. State of Wyoming bought a new position in Lamb Weston in the second quarter worth approximately $73,000. Rexford Capital Inc. purchased a new stake in shares of Lamb Weston in the second quarter worth approximately $96,000. Finally, Parr Mcknight Wealth Management Group LLC raised its stake in shares of Lamb Weston by 1.7% in the second quarter. Parr Mcknight Wealth Management Group LLC now owns 23,703 shares of the specialty retailer's stock worth $1,229,000 after purchasing an additional 403 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.