Lamb Weston (NYSE:LW) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Lamb Weston (NYSE:LW) had its price objective upped by analysts at JPMorgan Chase & Co. from $68.00 to $78.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the specialty retailer’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 4.94% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Sanford C. Bernstein started coverage on Lamb Weston in a report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price objective on the stock. Bank of America upped their price target on Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft assumed coverage on Lamb Weston in a report on Thursday. They set a “hold” rating and a $81.00 price objective for the company. Stifel Nicolaus increased their target price on shares of Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, TD Cowen raised their price objective on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Lamb Weston has an average rating of “Hold” and an average target price of $83.27.

Lamb Weston Stock Performance

NYSE LW traded up $2.78 during trading on Monday, hitting $82.05. The company’s stock had a trading volume of 1,475,812 shares, compared to its average volume of 2,452,188. Lamb Weston has a 52 week low of $52.99 and a 52 week high of $111.88. The firm has a 50 day moving average price of $76.48 and a 200 day moving average price of $72.85. The firm has a market cap of $11.70 billion, a P/E ratio of 19.26, a price-to-earnings-growth ratio of 1.34 and a beta of 0.70. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.55 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.63 earnings per share. Equities research analysts forecast that Lamb Weston will post 4.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lamb Weston

Large investors have recently made changes to their positions in the company. Southpoint Capital Advisors LP bought a new stake in shares of Lamb Weston during the 3rd quarter valued at approximately $129,480,000. Clarkston Capital Partners LLC raised its position in Lamb Weston by 108.7% in the third quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock valued at $201,207,000 after purchasing an additional 1,618,570 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of Lamb Weston during the third quarter valued at about $86,883,000. TPG GP A LLC grew its holdings in shares of Lamb Weston by 74.4% during the second quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer’s stock worth $245,869,000 after purchasing an additional 1,247,206 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in Lamb Weston by 78.5% in the 2nd quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer’s stock valued at $158,790,000 after buying an additional 830,511 shares during the last quarter. Institutional investors own 89.56% of the company’s stock.

About Lamb Weston

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.