Lamb Weston (NYSE:LW) Given New $44.00 Price Target at JPMorgan Chase & Co.

Lamb Weston (NYSE:LW) had its price target decreased by JPMorgan Chase & Co. from $50.00 to $44.00 in a research note published on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the specialty retailer’s stock.

A number of other analysts also recently issued reports on the company. BNP Paribas Exane set a $48.00 price objective on Lamb Weston in a research report on Monday, December 22nd. Wells Fargo & Company decreased their target price on shares of Lamb Weston from $68.00 to $54.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 23rd. Zacks Research raised shares of Lamb Weston from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Stifel Nicolaus dropped their price target on shares of Lamb Weston from $63.00 to $50.00 and set a “hold” rating for the company in a research report on Monday, December 22nd. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $46.00 price target on shares of Lamb Weston in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $52.40.

Lamb Weston Stock Performance

NYSE:LW opened at $41.39 on Tuesday. The company has a market cap of $5.75 billion, a P/E ratio of 14.89, a P/E/G ratio of 5.93 and a beta of 0.43. Lamb Weston has a twelve month low of $39.60 and a twelve month high of $67.07. The company’s 50-day moving average price is $45.53 and its 200-day moving average price is $52.61. The company has a current ratio of 1.43, a quick ratio of 0.64 and a debt-to-equity ratio of 2.08.

Insider Transactions at Lamb Weston

In other news, insider Jan Eli B. Craps bought 50,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were purchased at an average price of $48.65 per share, with a total value of $2,432,500.00. Following the purchase, the insider owned 300,000 shares in the company, valued at approximately $14,595,000. The trade was a 20.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.29% of the company’s stock.

Institutional Trading of Lamb Weston

A number of institutional investors and hedge funds have recently bought and sold shares of LW. Hsbc Holdings PLC lifted its position in shares of Lamb Weston by 191.5% during the fourth quarter. Hsbc Holdings PLC now owns 471,886 shares of the specialty retailer’s stock worth $19,922,000 after purchasing an additional 309,995 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Lamb Weston by 26.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 8,903 shares of the specialty retailer’s stock valued at $373,000 after purchasing an additional 1,842 shares in the last quarter. Corient Private Wealth LLC increased its stake in Lamb Weston by 53.2% during the 4th quarter. Corient Private Wealth LLC now owns 31,864 shares of the specialty retailer’s stock worth $1,335,000 after buying an additional 11,063 shares during the period. Walser Wealth Management Company A Ltd Liability Co purchased a new stake in Lamb Weston during the 4th quarter worth approximately $221,000. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in Lamb Weston by 427.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 159,008 shares of the specialty retailer’s stock worth $6,661,000 after buying an additional 128,862 shares in the last quarter. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

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.