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

Lamb Weston (NYSE:LW) had its price objective boosted by stock analysts at Wells Fargo & Company from $46.00 to $54.00 in a research note issued on Wednesday, MarketBeat reports. The brokerage presently has an “overweight” rating on the specialty retailer’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 15.97% from the company’s current price.

LW has been the subject of a number of other reports. 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 report on Monday, March 30th. Stifel Nicolaus lowered their price target on Lamb Weston from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, April 2nd. Bank of America dropped their price target on Lamb Weston from $49.00 to $47.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Weiss Ratings downgraded Lamb Weston from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 10th. Finally, Barclays reduced their price objective on Lamb Weston from $55.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $48.55.

Lamb Weston Stock Performance

Shares of LW stock opened at $46.56 on Wednesday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.69 and a current ratio of 1.46. The firm has a market capitalization of $6.43 billion, a price-to-earnings ratio of 21.76, a price-to-earnings-growth ratio of 6.14 and a beta of 0.47. Lamb Weston has a one year low of $37.62 and a one year high of $67.07. The company has a 50 day moving average price of $43.58 and a 200 day moving average price of $43.96.

Insider Activity at Lamb Weston

In related news, Director Jana Partners Management, Lp acquired 100,000 shares of Lamb Weston stock in a transaction on Monday, April 13th. The shares were bought at an average price of $42.12 per share, for a total transaction of $4,212,000.00. Following the completion of the purchase, the director directly owned 5,348,980 shares in the company, valued at $225,299,037.60. This trade represents a 1.91% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.29% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lamb Weston

Hedge funds and other institutional investors have recently bought and sold shares of the stock. MCF Advisors LLC raised its stake in shares of Lamb Weston by 44.2% during the fourth 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 period. Hantz Financial Services Inc. boosted its stake 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 purchasing an additional 571 shares during the period. Transamerica Financial Advisors LLC boosted its stake 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 purchasing an additional 619 shares during the period. Eagle Bay Advisors LLC acquired a new stake in Lamb Weston during the 4th quarter valued at $48,000. Finally, SJS Investment Consulting Inc. increased 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 worth $49,000 after buying an additional 1,128 shares during the period. 89.56% of the stock is owned by institutional investors and hedge funds.

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.