Wells Fargo & Company Issues Positive Forecast for Lamb Weston (NYSE:LW) Stock Price

Lamb Weston (NYSE:LW) had its target price upped by Wells Fargo & Company from $46.00 to $54.00 in a report published on Wednesday morning, Marketbeat Ratings reports. They currently have an overweight rating on the specialty retailer’s stock.

LW has been the topic of several other research reports. Stifel Nicolaus lowered their price objective on shares of Lamb Weston from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, April 2nd. Weiss Ratings cut shares of Lamb Weston from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 10th. Bank of America decreased their price target on Lamb Weston from $49.00 to $47.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. JPMorgan Chase & Co. cut their price objective on shares of Lamb Weston from $50.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, March 24th. Finally, BNP Paribas Exane reduced their target price on shares of Lamb Weston from $48.00 to $41.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $48.55.

Lamb Weston Price Performance

LW stock opened at $46.19 on Wednesday. The stock has a market capitalization of $6.38 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 6.20 and a beta of 0.47. The company’s 50-day moving average is $43.64 and its 200-day moving average is $43.87. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.46 and a quick ratio of 0.69. Lamb Weston has a 1 year low of $37.62 and a 1 year high of $67.07.

Insider Buying and Selling at Lamb Weston

In related news, Director Jana Partners Management, Lp purchased 100,000 shares of the firm’s stock in a transaction dated Monday, April 13th. The stock was bought at an average price of $42.12 per share, for a total transaction of $4,212,000.00. Following the purchase, the director directly owned 5,348,980 shares in the company, valued at approximately $225,299,037.60. This trade represents a 1.91% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.29% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lamb Weston

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Lamb Weston by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 16,679,203 shares of the specialty retailer’s stock valued at $698,692,000 after acquiring an additional 43,766 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Lamb Weston by 27.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,824,690 shares of the specialty retailer’s stock worth $411,558,000 after purchasing an additional 2,111,874 shares in the last quarter. State Street Corp raised its position in shares of Lamb Weston by 1.1% in the second quarter. State Street Corp now owns 5,801,585 shares of the specialty retailer’s stock valued at $300,812,000 after purchasing an additional 63,865 shares during the period. Geode Capital Management LLC raised its position in shares of Lamb Weston by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 3,528,402 shares of the specialty retailer’s stock valued at $147,536,000 after purchasing an additional 21,256 shares during the period. Finally, Invesco Ltd. raised its holdings in Lamb Weston by 2.5% during the 3rd quarter. Invesco Ltd. now owns 3,286,305 shares of the specialty retailer’s stock valued at $190,869,000 after acquiring an additional 79,257 shares during the period. 89.56% of the stock is owned by institutional investors.

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.