JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Lamb Weston (NYSE:LW) Stock

Lamb Weston (NYSE:LW) had its price target increased by investment analysts at JPMorgan Chase & Co. from $43.00 to $48.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the specialty retailer’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 3.93% from the stock’s previous close.

Other analysts have also issued research reports about the company. Stifel Nicolaus decreased their price target 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. Deutsche Bank Aktiengesellschaft dropped their price objective on Lamb Weston from $46.00 to $40.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Barclays reduced 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. BNP Paribas Exane lowered their target price on shares of Lamb Weston from $48.00 to $41.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Finally, Stephens assumed coverage on shares of Lamb Weston in a research report on Wednesday, May 27th. They set an “equal weight” rating and a $46.00 target price for the company. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $48.91.

Lamb Weston Trading Down 0.7%

LW stock opened at $46.19 on Thursday. Lamb Weston has a 1-year low of $37.62 and a 1-year high of $67.07. The firm has a market cap of $6.38 billion, a P/E ratio of 21.58, a P/E/G ratio of 6.20 and a beta of 0.47. The business’s 50 day moving average is $43.64 and its 200-day moving average is $43.87. The company has a current ratio of 1.46, a quick ratio of 0.69 and a debt-to-equity ratio of 1.99.

Insiders Place Their Bets

In other Lamb Weston news, Director Jana Partners Management, Lp purchased 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was purchased at an average cost of $43.19 per share, with a total value of $2,159,500.00. Following the acquisition, the director directly owned 5,398,980 shares of the company’s stock, valued at approximately $233,181,946.20. This trade represents a 0.93% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.29% of the stock is owned by corporate insiders.

Institutional Trading of Lamb Weston

Large investors have recently made changes to their positions in the business. MCF Advisors LLC increased its stake in shares of 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 in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Lamb Weston by 380.7% in the fourth quarter. Hantz Financial Services Inc. now owns 721 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 571 shares during the last quarter. Transamerica Financial Advisors LLC raised its holdings in shares of Lamb Weston by 121.1% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,130 shares of the specialty retailer’s stock valued at $47,000 after buying an additional 619 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in Lamb Weston during the 4th quarter worth about $48,000. Finally, SJS Investment Consulting Inc. lifted its position 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 worth $49,000 after buying an additional 1,128 shares in the last quarter. Institutional investors 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.