Lamb Weston (NYSE:LW) Given New $56.00 Price Target at Bank of America

Lamb Weston (NYSE:LW) had its target price decreased by Bank of America from $60.00 to $56.00 in a research note published on Wednesday,Benzinga reports. Bank of America currently has a neutral rating on the specialty retailer’s stock.

A number of other equities research analysts also recently issued reports on LW. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $57.00 price target on shares of Lamb Weston in a research report on Wednesday, March 19th. Stifel Nicolaus set a $56.00 price objective on shares of Lamb Weston and gave the stock a “hold” rating in a research note on Thursday, April 24th. Barclays dropped their price objective on shares of Lamb Weston from $69.00 to $61.00 and set an “overweight” rating for the company in a research note on Monday, May 12th. Wall Street Zen raised shares of Lamb Weston from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th. Finally, Jefferies Financial Group dropped their price objective on shares of Lamb Weston from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $67.73.

Lamb Weston Price Performance

Shares of NYSE:LW opened at $53.20 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 1.35 and a debt-to-equity ratio of 2.25. The company has a market cap of $7.51 billion, a P/E ratio of 20.86, a PEG ratio of 1.17 and a beta of 0.49. Lamb Weston has a 52 week low of $47.90 and a 52 week high of $85.79. The company has a 50-day moving average price of $53.22 and a 200 day moving average price of $57.93.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.23. Lamb Weston had a net margin of 5.74% and a return on equity of 27.25%. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the firm earned $1.20 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. Research analysts predict that Lamb Weston will post 3.1 earnings per share for the current year.

Institutional Trading of Lamb Weston

Large investors have recently added to or reduced their stakes in the stock. Putney Financial Group LLC acquired a new stake in Lamb Weston in the 4th quarter valued at $34,000. Wayfinding Financial LLC acquired a new stake in Lamb Weston in the 1st quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Lamb Weston in the 1st quarter valued at $28,000. Whipplewood Advisors LLC increased its holdings in Lamb Weston by 3,466.7% in the 1st quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 520 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Lamb Weston during the fourth quarter valued at about $36,000. 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.