Stephens Has Lowered Expectations for Lamb Weston (NYSE:LW) Stock Price

Lamb Weston (NYSE:LW) had its price objective dropped by equities researchers at Stephens from $55.00 to $50.00 in a report issued on Monday, Marketbeat reports. The firm currently has an “equal weight” rating on the specialty retailer’s stock. Stephens’ price objective points to a potential upside of 15.52% from the company’s previous close.

Several other analysts have also recently issued reports on LW. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $52.00 price objective on shares of Lamb Weston in a research note on Monday, July 27th. Barclays boosted their target price on Lamb Weston from $50.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. TD Cowen upped their price target on Lamb Weston from $40.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday, July 28th. Stifel Nicolaus increased their price target on Lamb Weston from $45.00 to $52.00 and gave the company a “hold” rating in a report on Monday, July 27th. Finally, Wells Fargo & Company lifted their price objective on Lamb Weston from $54.00 to $57.00 and gave the stock an “overweight” rating in a research report 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $52.91.

Lamb Weston Price Performance

Shares of Lamb Weston stock opened at $43.28 on Monday. The stock has a market capitalization of $5.95 billion, a P/E ratio of 20.81, a PEG ratio of 1.92 and a beta of 0.47. The business has a 50 day simple moving average of $50.70 and a two-hundred day simple moving average of $45.89. Lamb Weston has a 12 month low of $37.62 and a 12 month high of $67.07. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.42 and a quick ratio of 0.74.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Friday, July 24th. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.24. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.70 billion. Lamb Weston had a return on equity of 23.33% and a net margin of 4.39%.The business’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 earnings per share. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. As a group, analysts predict 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 LW. MCF Advisors LLC lifted its stake in Lamb Weston by 44.2% during the 4th quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 199 shares in the last quarter. Clearstead Advisors LLC grew its position in Lamb Weston by 8.0% in the 4th quarter. Clearstead Advisors LLC now owns 3,101 shares of the specialty retailer’s stock valued at $130,000 after acquiring an additional 229 shares in the last quarter. Parallel Advisors LLC increased its stake in 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 period. Beacon Investment Advisory Services Inc. increased its stake in Lamb Weston by 8.9% during 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 period. Finally, GAMMA Investing LLC lifted 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. Hedge funds and other institutional investors own 89.56% of the company’s stock.

About Lamb Weston

Lamb Weston Holdings, Inc (NYSE: LW) is a food company that produces and distributes frozen potato products. Its portfolio includes frozen french fries, potato wedges, hash browns, tater tots, mashed potatoes, sweet potato products and other specialty potato items.

The company serves restaurants, foodservice distributors, retailers and food manufacturers. Its products are sold under the Lamb Weston, Grown in Idaho and Alexia brands, as well as through private-label and customer-specific offerings.