JPMorgan Chase & Co. Has Lowered Expectations for Lamb Weston (NYSE:LW) Stock Price

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

LW has been the subject of several other research reports. Stephens cut their price objective on Lamb Weston from $55.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday. Sanford C. Bernstein raised their price objective on Lamb Weston from $42.00 to $57.00 and gave the company a “market perform” rating in a report on Tuesday, July 28th. TD Cowen raised their price objective on Lamb Weston from $40.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, July 28th. Wall Street Zen upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $52.00 target price on shares of Lamb Weston in a research note on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, Lamb Weston has a consensus rating of “Hold” and an average price target of $52.73.

Read Our Latest Analysis on LW

Lamb Weston Stock Performance

Shares of LW stock traded down $1.28 during mid-day trading on Wednesday, reaching $41.99. The stock had a trading volume of 658,643 shares, compared to its average volume of 2,175,665. The firm’s 50 day simple moving average is $50.70 and its 200 day simple moving average is $45.89. 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 firm has a market cap of $5.77 billion, a PE ratio of 20.20, a P/E/G ratio of 1.92 and a beta of 0.47. Lamb Weston has a one year low of $37.62 and a one year high of $67.07.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. MCF Advisors LLC grew its stake in Lamb Weston by 44.2% in the fourth quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 199 shares in the last quarter. Parallel Advisors LLC boosted its stake in Lamb Weston by 26.4% in the first quarter. Parallel Advisors LLC now owns 1,933 shares of the specialty retailer’s stock valued at $82,000 after acquiring an additional 404 shares in the last quarter. Beacon Investment Advisory Services Inc. grew its holdings in 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 worth $266,000 after purchasing an additional 505 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Lamb Weston by 22.8% during the second quarter. GAMMA Investing LLC now owns 2,777 shares of the specialty retailer’s stock worth $120,000 after purchasing an additional 516 shares in the last quarter. Finally, VELA Investment Management LLC boosted its holdings in Lamb Weston by 0.7% in the second quarter. VELA Investment Management LLC now owns 78,694 shares of the specialty retailer’s stock worth $3,398,000 after acquiring an additional 553 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

About Lamb Weston

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Lamb Weston (NYSE:LW)

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