Lamb Weston (NYSE:LW) Given New $48.00 Price Target at JPMorgan Chase & Co.

Lamb Weston (NYSE:LW) had its price objective lifted by JPMorgan Chase & Co. from $43.00 to $48.00 in a research report report published on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the specialty retailer’s stock.

Other equities research analysts also recently issued reports about the stock. 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. Barclays reduced their price target on Lamb Weston from $55.00 to $46.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Bank of America decreased their price objective on Lamb Weston from $49.00 to $47.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Wells Fargo & Company raised their price objective on Lamb Weston from $46.00 to $54.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Lamb Weston from $46.00 to $40.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $48.91.

Lamb Weston Trading Down 1.9%

Shares of NYSE LW opened at $45.23 on Thursday. Lamb Weston has a 1-year low of $37.62 and a 1-year high of $67.07. The business has a fifty day moving average price of $43.68 and a 200 day moving average price of $43.88. The stock has a market capitalization of $6.25 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 6.15 and a beta of 0.47. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.46 and a quick ratio of 0.69.

Insider Activity

In other news, Director Jana Partners Management, Lp bought 100,000 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The shares were purchased at an average cost of $42.12 per share, with a total value of $4,212,000.00. Following the transaction, the director directly owned 5,348,980 shares in the company, valued at approximately $225,299,037.60. The trade was a 1.91% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.29% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lamb Weston

A number of institutional investors and hedge funds have recently modified their holdings of LW. MCF Advisors LLC boosted its position 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 buying an additional 199 shares during the last quarter. Hantz Financial Services Inc. raised its position in 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 buying an additional 571 shares during the last quarter. Transamerica Financial Advisors LLC lifted its stake in Lamb Weston by 121.1% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,130 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 619 shares during the period. Eagle Bay Advisors LLC acquired a new stake in Lamb Weston during the 4th quarter valued at approximately $48,000. Finally, SJS Investment Consulting Inc. lifted its stake in 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 valued at $49,000 after acquiring an additional 1,128 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.

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.