JPMorgan Chase & Co. Boosts Lamb Weston (NYSE:LW) Price Target to $48.00

Lamb Weston (NYSE:LW) had its price target upped by JPMorgan Chase & Co. from $43.00 to $48.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the specialty retailer’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 3.41% from the stock’s current price.

Several other research analysts also recently commented on the company. BNP Paribas Exane reduced their price objective on Lamb Weston from $48.00 to $41.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Bank of America dropped their target price on shares of Lamb Weston from $49.00 to $47.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Weiss Ratings downgraded shares of Lamb Weston from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 10th. Stephens started coverage on shares of Lamb Weston in a report on Wednesday, May 27th. They issued an “equal weight” rating and a $46.00 price objective for the company. Finally, Barclays decreased their target price on shares of Lamb Weston from $55.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $48.91.

Lamb Weston Trading Up 2.6%

Shares of Lamb Weston stock opened at $46.42 on Thursday. The company has a current ratio of 1.46, a quick ratio of 0.69 and a debt-to-equity ratio of 1.99. Lamb Weston has a twelve month low of $37.62 and a twelve month high of $67.07. The firm has a market capitalization of $6.41 billion, a PE ratio of 21.69, a P/E/G ratio of 6.03 and a beta of 0.47. The firm’s 50-day moving average price is $43.75 and its 200 day moving average price is $43.89.

Insider Transactions at Lamb Weston

In other news, Director Jana Partners Management, Lp acquired 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was purchased at an average cost of $43.19 per share, for a total transaction of $2,159,500.00. Following the completion of the transaction, the director owned 5,398,980 shares in the company, valued at approximately $233,181,946.20. This trade represents a 0.93% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.29% of the company’s stock.

Institutional Trading of Lamb Weston

Institutional investors have recently made changes to their positions in the company. MCF Advisors LLC increased its stake in Lamb Weston by 44.2% during the fourth quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 199 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Lamb Weston by 380.7% during the 4th quarter. Hantz Financial Services Inc. now owns 721 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 571 shares during the period. Transamerica Financial Advisors LLC grew its holdings in shares of Lamb Weston by 121.1% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,130 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 619 shares during the period. Eagle Bay Advisors LLC acquired a new stake in shares of Lamb Weston during the 4th quarter worth about $48,000. Finally, SJS Investment Consulting Inc. increased its position in shares of Lamb Weston by 4,512.0% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,153 shares of the specialty retailer’s stock worth $49,000 after purchasing an additional 1,128 shares during the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Company Profile

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.