Lamb Weston (NYSE:LW) was downgraded by equities research analysts at The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a note issued to investors on Thursday, reports. They currently have a $81.00 price objective on the specialty retailer’s stock, down from their previous price objective of $84.00. The Goldman Sachs Group’s price objective points to a potential upside of 3.86% from the company’s current price.

Separately, Bank of America upgraded Lamb Weston from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Monday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $81.20.

LW stock opened at $77.99 on Thursday. The company has a market cap of $11.41 billion, a PE ratio of 38.61, a price-to-earnings-growth ratio of 3.31 and a beta of 0.78. The company has a quick ratio of 1.88, a current ratio of 2.91 and a debt-to-equity ratio of 6.65. Lamb Weston has a 52 week low of $51.72 and a 52 week high of $86.41. The business has a 50-day simple moving average of $80.38 and a 200 day simple moving average of $75.25.

Lamb Weston (NYSE:LW) last issued its earnings results on Tuesday, April 6th. The specialty retailer reported $0.45 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.06). Lamb Weston had a net margin of 8.33% and a return on equity of 95.26%. The firm had revenue of $895.80 million during the quarter, compared to analyst estimates of $819.94 million. During the same quarter in the previous year, the firm posted $0.77 earnings per share. Lamb Weston’s quarterly revenue was down 4.4% compared to the same quarter last year. On average, analysts anticipate that Lamb Weston will post 2.34 EPS for the current fiscal year.

In related news, CEO Thomas P. Werner sold 69,500 shares of Lamb Weston stock in a transaction that occurred on Friday, January 15th. The stock was sold at an average price of $77.65, for a total transaction of $5,396,675.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Eryk J. Spytek sold 6,183 shares of the company’s stock in a transaction on Wednesday, January 13th. The stock was sold at an average price of $75.00, for a total transaction of $463,725.00. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.

A number of large investors have recently bought and sold shares of LW. Perigon Wealth Management LLC purchased a new position in shares of Lamb Weston in the 4th quarter worth approximately $25,000. Tompkins Financial Corp bought a new stake in shares of Lamb Weston in the fourth quarter valued at approximately $25,000. Regent Peak Wealth Advisors LLC purchased a new stake in shares of Lamb Weston during the 4th quarter valued at approximately $27,000. Key Financial Inc bought a new position in Lamb Weston in the 4th quarter worth approximately $41,000. Finally, CI Investments Inc. grew its stake in Lamb Weston by 62.0% in the 4th quarter. CI Investments Inc. now owns 758 shares of the specialty retailer’s stock valued at $60,000 after buying an additional 290 shares in the last quarter. Hedge funds and other institutional investors own 86.38% of the company’s stock.

About Lamb Weston

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as various customer labels.

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