Lamb Weston (NYSE:LW) Price Target Cut to $40.00 by Analysts at Deutsche Bank Aktiengesellschaft

Lamb Weston (NYSE:LW) had its price objective trimmed by Deutsche Bank Aktiengesellschaft from $46.00 to $40.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a hold rating on the specialty retailer’s stock.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. lowered their target price on shares of Lamb Weston from $50.00 to $44.00 and set a “neutral” rating for the company in a research note on Tuesday, March 24th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $46.00 price target on shares of Lamb Weston in a research report on Monday, December 29th. Stifel Nicolaus decreased their price target on Lamb Weston from $63.00 to $50.00 and set a “hold” rating for the company in a report on Monday, December 22nd. BNP Paribas Exane set a $48.00 price objective on Lamb Weston in a research report on Monday, December 22nd. Finally, Jefferies Financial Group boosted their price objective on Lamb Weston from $67.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Three investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $51.50.

Lamb Weston Stock Down 1.9%

Shares of NYSE LW opened at $40.82 on Monday. The company has a market capitalization of $5.67 billion, a P/E ratio of 14.68, a price-to-earnings-growth ratio of 6.05 and a beta of 0.43. Lamb Weston has a 52-week low of $39.60 and a 52-week high of $67.07. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.64 and a current ratio of 1.43. The company’s 50 day moving average price is $45.36 and its 200-day moving average price is $52.17.

Insider Activity

In related news, insider Jan Eli B. Craps bought 50,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were bought at an average price of $48.65 per share, for a total transaction of $2,432,500.00. Following the transaction, the insider directly owned 300,000 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.29% of the stock is owned by insiders.

Institutional Investors Weigh In On Lamb Weston

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Liberty One Investment Management LLC raised its stake in Lamb Weston by 86.1% during the 3rd quarter. Liberty One Investment Management LLC now owns 960,639 shares of the specialty retailer’s stock worth $55,859,000 after buying an additional 444,328 shares during the period. Capital Research Global Investors grew its stake in Lamb Weston by 46.3% in the third quarter. Capital Research Global Investors now owns 2,150,000 shares of the specialty retailer’s stock valued at $124,872,000 after acquiring an additional 680,000 shares during the period. Oak Thistle LLC acquired a new stake in Lamb Weston in the third quarter valued at approximately $1,611,000. Douglas Lane & Associates LLC increased its holdings in shares of Lamb Weston by 19.9% during the third quarter. Douglas Lane & Associates LLC now owns 1,279,345 shares of the specialty retailer’s stock valued at $74,304,000 after acquiring an additional 212,504 shares in the last quarter. Finally, Osaic Holdings Inc. raised its position in shares of Lamb Weston by 77.2% during the second quarter. Osaic Holdings Inc. now owns 57,590 shares of the specialty retailer’s stock worth $2,990,000 after purchasing an additional 25,095 shares during the period. 89.56% of the stock is owned by institutional investors.

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.