JPMorgan Chase & Co. Has Lowered Expectations for Lamb Weston (NYSE:LW) Stock Price

Lamb Weston (NYSE:LW) had its price target decreased by investment analysts at JPMorgan Chase & Co. from $50.00 to $44.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the specialty retailer’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 5.35% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Lamb Weston from $61.00 to $49.00 and set a “hold” rating for the company in a research report on Monday, December 22nd. Bank of America cut their price target on shares of Lamb Weston from $66.00 to $53.00 and set a “neutral” rating on the stock in a report on Monday, December 22nd. Barclays reduced their price objective on shares of Lamb Weston from $68.00 to $55.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 23rd. Wells Fargo & Company decreased their price objective on shares of Lamb Weston from $68.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday, December 23rd. Finally, BNP Paribas Exane set a $48.00 target price on shares of Lamb Weston in a research report on Monday, December 22nd. Three equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $52.40.

Lamb Weston Price Performance

Shares of NYSE LW opened at $41.77 on Tuesday. Lamb Weston has a fifty-two week low of $39.60 and a fifty-two week high of $67.07. The business has a 50 day moving average price of $45.51 and a two-hundred day moving average price of $52.53. The company has a quick ratio of 0.64, a current ratio of 1.43 and a debt-to-equity ratio of 2.08. The firm has a market cap of $5.80 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 6.02 and a beta of 0.43.

Insider Activity

In other news, insider Jan Eli B. Craps acquired 50,000 shares of Lamb Weston stock in a transaction that occurred on Friday, February 6th. The shares were purchased at an average cost of $48.65 per share, for a total transaction of $2,432,500.00. Following the completion of the purchase, the insider directly owned 300,000 shares of the company’s stock, valued at $14,595,000. This trade represents a 20.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.29% of the company’s stock.

Institutional Trading of Lamb Weston

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of Nova Scotia grew its position in shares of Lamb Weston by 2.0% during the 3rd quarter. Bank of Nova Scotia now owns 9,685 shares of the specialty retailer’s stock valued at $563,000 after buying an additional 189 shares during the last quarter. MCF Advisors LLC boosted its stake in Lamb Weston by 44.2% in the fourth quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 199 shares during the period. Banque de Luxembourg S.A. boosted its stake in Lamb Weston by 13.6% in the third quarter. Banque de Luxembourg S.A. now owns 1,772 shares of the specialty retailer’s stock valued at $103,000 after acquiring an additional 212 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Lamb Weston by 6.5% during the third quarter. EverSource Wealth Advisors LLC now owns 3,718 shares of the specialty retailer’s stock valued at $216,000 after purchasing an additional 228 shares during the last quarter. Finally, Clearstead Advisors LLC grew its holdings in shares of Lamb Weston by 8.0% during the fourth quarter. Clearstead Advisors LLC now owns 3,101 shares of the specialty retailer’s stock valued at $130,000 after purchasing an additional 229 shares during the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

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.