Lamb Weston (NYSE:LW – Get Free Report) had its price objective hoisted by stock analysts at Barclays from $50.00 to $56.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the specialty retailer’s stock. Barclays‘s price objective suggests a potential upside of 12.96% from the stock’s current price.
A number of other analysts have also recently issued reports on the company. Wells Fargo & Company raised their price objective on Lamb Weston from $46.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Stephens initiated coverage on Lamb Weston in a report on Wednesday, May 27th. They set an “equal weight” rating and a $46.00 target price on the stock. BNP Paribas Exane cut their price target on Lamb Weston from $48.00 to $41.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Stifel Nicolaus reduced their price objective on shares of Lamb Weston from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, April 2nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Lamb Weston from $43.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $49.82.
Read Our Latest Stock Analysis on Lamb Weston
Lamb Weston Stock Down 0.0%
Lamb Weston (NYSE:LW – Get Free Report) last posted its quarterly earnings results on Friday, July 24th. The specialty retailer reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.24. Lamb Weston had a return on equity of 23.33% and a net margin of 4.39%.The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter last year, the company posted $0.87 earnings per share. Lamb Weston’s quarterly revenue was up 5.6% on a year-over-year basis. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. Sell-side analysts predict that Lamb Weston will post 3.08 EPS for the current year.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Lamb Weston by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 16,679,203 shares of the specialty retailer’s stock valued at $698,692,000 after acquiring an additional 43,766 shares during the period. Price T Rowe Associates Inc. MD increased its position in Lamb Weston by 27.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,824,690 shares of the specialty retailer’s stock worth $411,558,000 after acquiring an additional 2,111,874 shares during the period. State Street Corp raised its stake in Lamb Weston by 1.1% in the 2nd quarter. State Street Corp now owns 5,801,585 shares of the specialty retailer’s stock worth $300,812,000 after purchasing an additional 63,865 shares in the last quarter. Geode Capital Management LLC raised its stake in Lamb Weston by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 3,528,402 shares of the specialty retailer’s stock worth $147,536,000 after purchasing an additional 21,256 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Lamb Weston by 2.5% in the 3rd quarter. Invesco Ltd. now owns 3,286,305 shares of the specialty retailer’s stock valued at $190,869,000 after purchasing an additional 79,257 shares during the period. Institutional investors own 89.56% of the company’s stock.
Lamb Weston Company Profile
Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company’s portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.
Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world’s largest producers of frozen potato products.
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