Lamb Weston (NYSE:LW) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Lamb Weston (NYSE:LW) have earned an average recommendation of “Hold” from the fourteen analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $48.9091.

LW has been the topic of several research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Lamb Weston in a research report on Wednesday, July 8th. BNP Paribas Exane cut their price objective on Lamb Weston from $48.00 to $41.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Stifel Nicolaus reduced their target price on Lamb Weston from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday, April 2nd. JPMorgan Chase & Co. increased their target price on Lamb Weston from $43.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Finally, Stephens initiated coverage on Lamb Weston in a research report on Wednesday, May 27th. They set an “equal weight” rating and a $46.00 price target for the company.

Lamb Weston Price Performance

Shares of NYSE LW opened at $46.85 on Friday. The company has a current ratio of 1.46, a quick ratio of 0.69 and a debt-to-equity ratio of 1.99. The company’s 50-day moving average price is $44.02 and its 200 day moving average price is $44.02. Lamb Weston has a 52 week low of $37.62 and a 52 week high of $67.07. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 6.05 and a beta of 0.47.

Institutional Trading of Lamb Weston

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MCF Advisors LLC raised its stake in Lamb Weston by 44.2% in the 4th quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 199 shares during the last quarter. Hantz Financial Services Inc. boosted its stake 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 last quarter. Transamerica Financial Advisors LLC grew its holdings in shares of Lamb Weston by 121.1% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,130 shares of the specialty retailer’s stock worth $47,000 after buying an additional 619 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Lamb Weston during the fourth quarter worth about $48,000. Finally, SJS Investment Consulting Inc. raised its position in shares of Lamb Weston by 4,512.0% in the first quarter. SJS Investment Consulting Inc. now owns 1,153 shares of the specialty retailer’s stock valued at $49,000 after buying 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.