Lamb Weston (NYSE:LW) Price Target Cut to $46.00 by Analysts at JPMorgan Chase & Co.

by · The Markets Daily

Lamb Weston (NYSE:LW – Get Free Report) had its target price cut by stock analysts at JPMorgan Chase & Co. from $52.00 to $46.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the specialty retailer’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 9.55% from the company’s previous close.

LW has been the topic of several other reports. Sanford C. Bernstein increased their target price on Lamb Weston from $42.00 to $57.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 28th. Stifel Nicolaus upped their target price on Lamb Weston from $45.00 to $52.00 and gave the company a “hold” rating in a research report on Monday, July 27th. Weiss Ratings upgraded Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Stephens dropped their price target on shares of Lamb Weston from $55.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $52.00 price target on shares of Lamb Weston in a report on Monday, July 27th. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Lamb Weston currently has a consensus rating of “Hold” and an average price target of $52.73.

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Lamb Weston Trading Down 3.0%

NYSE LW traded down $1.28 on Wednesday, reaching $41.99. The stock had a trading volume of 658,643 shares, compared to its average volume of 2,175,665. Lamb Weston has a 12-month low of $37.62 and a 12-month high of $67.07. The company has a quick ratio of 0.74, a current ratio of 1.42 and a debt-to-equity ratio of 1.97. The stock has a fifty day moving average price of $50.70 and a two-hundred day moving average price of $45.89. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 1.92 and a beta of 0.47.

Lamb Weston (NYSE:LW – Get Free Report) last announced its quarterly earnings results on Friday, July 24th. The specialty retailer reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.24. Lamb Weston had a net margin of 4.39% and a return on equity of 23.33%. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the previous year, the company earned $0.87 earnings per share. Lamb Weston’s quarterly revenue was up 5.6% compared to the same quarter last year. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. As a group, sell-side analysts forecast that Lamb Weston will post 3.06 EPS for the current fiscal year.

Institutional Trading of Lamb Weston

Several institutional investors have recently made changes to their positions in the business. MCF Advisors LLC raised its position in Lamb Weston by 44.2% in the 4th quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 199 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Lamb Weston by 26.4% during the first quarter. Parallel Advisors LLC now owns 1,933 shares of the specialty retailer’s stock worth $82,000 after purchasing an additional 404 shares during the last quarter. Beacon Investment Advisory Services Inc. increased its stake in shares of Lamb Weston by 8.9% in the second quarter. Beacon Investment Advisory Services Inc. now owns 6,158 shares of the specialty retailer’s stock valued at $266,000 after buying an additional 505 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Lamb Weston by 22.8% in the second quarter. GAMMA Investing LLC now owns 2,777 shares of the specialty retailer’s stock valued at $120,000 after buying an additional 516 shares in the last quarter. Finally, VELA Investment Management LLC raised its holdings in shares of Lamb Weston by 0.7% in the second quarter. VELA Investment Management LLC now owns 78,694 shares of the specialty retailer’s stock valued at $3,398,000 after buying an additional 553 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

About Lamb Weston

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Lamb Weston Holdings, Inc (NYSE: LW) is a global producer and marketer of frozen potato products. The company supplies French fries, potato wedges, hash browns, potato rounds, mashed potatoes and other specialty potato products to restaurants, foodservice distributors, retailers and food manufacturers.

Its product portfolio includes conventional and specialty frozen potato offerings, as well as sweet potato products and appetizer items. Lamb Weston sells products under its Lamb Weston and Grown in Idaho brands, while also providing private-label products for retail and foodservice customers.

The company’s history dates to the 1950s, when it began producing frozen potato products in the Pacific Northwest.

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