Stephens Issues Positive Forecast for Lamb Weston (NYSE:LW) Stock Price

Lamb Weston (NYSE:LW) had its target price hoisted by equities research analysts at Stephens from $46.00 to $55.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the specialty retailer’s stock. Stephens’ price target points to a potential upside of 3.53% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Sanford C. Bernstein restated a “market perform” rating and issued a $57.00 price target on shares of Lamb Weston in a research report on Tuesday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $52.00 price target on shares of Lamb Weston in a report on Monday. Bank of America decreased their price objective on shares of Lamb Weston from $49.00 to $47.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Lamb Weston from $43.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Finally, Stifel Nicolaus upped their target price on Lamb Weston from $45.00 to $52.00 and gave the stock a “hold” rating in a report on Monday. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Lamb Weston currently has a consensus rating of “Hold” and an average price target of $53.64.

Lamb Weston Stock Performance

Shares of NYSE LW opened at $53.13 on Tuesday. The company has a market cap of $7.34 billion, a P/E ratio of 25.54, a P/E/G ratio of 6.63 and a beta of 0.47. The firm’s fifty day moving average is $44.92 and its two-hundred day moving average is $44.35. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.74 and a current ratio of 1.42. Lamb Weston has a 52-week low of $37.62 and a 52-week high of $67.07.

Lamb Weston (NYSE:LW) last posted its 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. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.70 billion. Lamb Weston had a return on equity of 23.33% and a net margin of 4.39%.The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.87 earnings per share. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. As a group, analysts anticipate that Lamb Weston will post 3.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Lamb Weston

A number of institutional investors have recently added to or reduced their stakes in the stock. Arnhold LLC grew its holdings in shares of Lamb Weston by 710.2% during the 4th quarter. Arnhold LLC now owns 38,217 shares of the specialty retailer’s stock worth $1,601,000 after purchasing an additional 33,500 shares during the period. Dana Investment Advisors Inc. raised its position in Lamb Weston by 44.8% in the fourth quarter. Dana Investment Advisors Inc. now owns 89,991 shares of the specialty retailer’s stock valued at $3,770,000 after purchasing an additional 27,835 shares during the period. Principal Financial Group Inc. lifted its stake in Lamb Weston by 349.1% during the first quarter. Principal Financial Group Inc. now owns 690,493 shares of the specialty retailer’s stock worth $29,180,000 after purchasing an additional 536,745 shares in the last quarter. Texas Yale Capital Corp. purchased a new position in shares of Lamb Weston during the fourth quarter worth $1,264,000. Finally, Easterly Investment Partners LLC purchased a new stake in shares of Lamb Weston in the 4th quarter valued at $3,071,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

About Lamb Weston

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.