Jefferies Financial Group Raises Lamb Weston (NYSE:LW) Price Target to $70.00

Lamb Weston (NYSE:LW) had its price objective raised by research analysts at Jefferies Financial Group from $67.00 to $70.00 in a report issued on Friday,MarketScreener reports. The brokerage currently has a “buy” rating on the specialty retailer’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 17.32% from the company’s current price.

A number of other equities research analysts have also recently issued reports on LW. JPMorgan Chase & Co. started coverage on shares of Lamb Weston in a report on Wednesday, August 20th. They set a “neutral” rating and a $57.00 target price on the stock. Cfra Research upgraded Lamb Weston to a “hold” rating in a research note on Thursday, October 2nd. Cowen restated a “hold” rating on shares of Lamb Weston in a research note on Wednesday, October 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Lamb Weston in a report on Monday, December 8th. Finally, BNP Paribas Exane increased their price target on shares of Lamb Weston from $64.00 to $66.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $65.20.

Lamb Weston Trading Up 0.3%

LW opened at $59.67 on Friday. Lamb Weston has a fifty-two week low of $47.87 and a fifty-two week high of $83.98. The firm has a market capitalization of $8.31 billion, a PE ratio of 28.55, a P/E/G ratio of 3.96 and a beta of 0.44. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.49 and a quick ratio of 0.77. The company’s 50-day moving average is $61.25 and its 200 day moving average is $57.10.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $0.64 earnings per share for the quarter. The business had revenue of $1.15 billion for the quarter. Lamb Weston had a net margin of 4.56% and a return on equity of 28.08%. As a group, research 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 hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American National Bank & Trust purchased a new position in shares of Lamb Weston in the 2nd quarter worth about $25,000. AlphaQuest LLC increased its stake in Lamb Weston by 115.5% during the 3rd quarter. AlphaQuest LLC now owns 446 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 239 shares in the last quarter. ST Germain D J Co. Inc. raised its holdings in Lamb Weston by 64.2% in the second quarter. ST Germain D J Co. Inc. now owns 537 shares of the specialty retailer’s stock worth $28,000 after buying an additional 210 shares during the last quarter. Quent Capital LLC bought a new position in shares of Lamb Weston in the third quarter worth approximately $29,000. Finally, Motco purchased a new stake in shares of Lamb Weston during the third quarter valued at approximately $30,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

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.