Lamb Weston (NYSE:LW) Price Target Cut to $104.00

Lamb Weston (NYSE:LW) had its price objective reduced by Citigroup from $106.00 to $104.00 in a report issued on Wednesday morning, Benzinga reports. Citigroup currently has a buy rating on the specialty retailer’s stock.

A number of other equities analysts also recently commented on the company. Stifel Nicolaus decreased their target price on Lamb Weston from $130.00 to $115.00 and set a buy rating for the company in a research note on Friday, April 5th. Wells Fargo & Company decreased their target price on Lamb Weston from $128.00 to $98.00 and set an overweight rating for the company in a research note on Friday, April 5th. Barclays decreased their target price on Lamb Weston from $125.00 to $105.00 and set an overweight rating for the company in a research note on Monday, April 8th. Finally, Bank of America decreased their target price on Lamb Weston from $138.00 to $113.00 and set a buy rating for the company in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $117.20.

Lamb Weston Stock Performance

Shares of LW stock opened at $78.95 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 1.19 and a debt-to-equity ratio of 1.81. The business has a 50 day moving average of $84.86 and a two-hundred day moving average of $94.14. Lamb Weston has a 52 week low of $76.67 and a 52 week high of $117.38. The company has a market cap of $11.40 billion, a P/E ratio of 10.54, a PEG ratio of 1.28 and a beta of 0.74.

Hedge Funds Weigh In On Lamb Weston

Several hedge funds and other institutional investors have recently made changes to their positions in LW. WFA Asset Management Corp raised its holdings in Lamb Weston by 248.6% during the first quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 174 shares in the last quarter. VisionPoint Advisory Group LLC raised its holdings in Lamb Weston by 113.4% during the third quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 161 shares in the last quarter. EntryPoint Capital LLC bought a new stake in Lamb Weston during the first quarter worth approximately $28,000. Redmont Wealth Advisors LLC bought a new stake in Lamb Weston during the first quarter worth approximately $32,000. Finally, GAMMA Investing LLC raised its holdings in Lamb Weston by 135.8% during the second quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 220 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

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.