Lamb Weston (NYSE:LW) had its price objective upped by investment analysts at Stifel Nicolaus from $54.00 to $58.00 in a research note issued on Tuesday. The firm presently has a “hold” rating on the specialty retailer’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 2.75% from the stock’s previous close.
Several other brokerages have also commented on LW. Jefferies Group restated a “buy” rating and issued a $53.00 price objective on shares of Lamb Weston in a report on Monday, September 25th. Zacks Investment Research upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Friday, October 6th. Morgan Stanley reiterated an “equal weight” rating and set a $50.00 target price (up from $46.00) on shares of Lamb Weston in a report on Thursday, October 5th. Finally, Bank of America lifted their target price on shares of Lamb Weston from $52.00 to $57.00 and gave the company a “buy” rating in a report on Monday, November 6th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $52.38.
Shares of Lamb Weston (NYSE LW) opened at $56.45 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 1.62 and a debt-to-equity ratio of -4.10. Lamb Weston has a 1-year low of $35.81 and a 1-year high of $57.51. The company has a market cap of $8,252.82, a PE ratio of 25.31, a price-to-earnings-growth ratio of 4.20 and a beta of 1.02.
Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Lamb Weston by 2.4% during the second quarter. Vanguard Group Inc. now owns 12,089,698 shares of the specialty retailer’s stock valued at $532,430,000 after acquiring an additional 279,578 shares in the last quarter. BlackRock Inc. increased its position in shares of Lamb Weston by 2.2% during the second quarter. BlackRock Inc. now owns 11,872,986 shares of the specialty retailer’s stock valued at $522,887,000 after acquiring an additional 260,164 shares in the last quarter. State Street Corp bought a new stake in shares of Lamb Weston during the fourth quarter valued at approximately $182,802,000. Kensico Capital Management Corp increased its position in shares of Lamb Weston by 56.9% during the third quarter. Kensico Capital Management Corp now owns 3,640,000 shares of the specialty retailer’s stock valued at $170,680,000 after acquiring an additional 1,320,000 shares in the last quarter. Finally, FMR LLC increased its position in shares of Lamb Weston by 126.3% during the first quarter. FMR LLC now owns 3,331,242 shares of the specialty retailer’s stock valued at $140,112,000 after acquiring an additional 1,859,263 shares in the last quarter. Hedge funds and other institutional investors own 79.38% of the company’s stock.
Lamb Weston Company Profile
Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.
