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

Lamb Weston (NYSE:LW) had its price objective raised by equities research 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 target price would suggest a potential upside of 15.97% from the stock’s previous close.

A number of other analysts also recently commented on the stock. Stephens began coverage on shares of Lamb Weston in a report on Wednesday, May 27th. They set an “equal weight” rating and a $46.00 price objective on the stock. Stifel Nicolaus dropped their target price on shares of Lamb Weston from $50.00 to $45.00 and set a “hold” rating for the company in a report on Thursday, April 2nd. Weiss Ratings lowered Lamb Weston from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 10th. Bank of America decreased their price target on Lamb Weston from $49.00 to $47.00 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Finally, Barclays dropped their price objective on Lamb Weston from $55.00 to $46.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $48.55.

Lamb Weston Price Performance

Shares of NYSE LW 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. Lamb Weston has a one year low of $37.62 and a one year high of $67.07. The firm has a market capitalization of $6.43 billion, a P/E ratio of 21.76, a PEG ratio of 6.14 and a beta of 0.47. The company’s fifty day moving average is $43.58 and its two-hundred day moving average is $43.96.

Insider Buying and Selling at Lamb Weston

In related news, Director Jana Partners Management, Lp acquired 100,000 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The stock was purchased at an average cost of $42.12 per share, for a total transaction of $4,212,000.00. Following the transaction, the director directly owned 5,348,980 shares of the company’s stock, valued at approximately $225,299,037.60. This trade represents a 1.91% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lamb Weston

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its stake in shares of Lamb Weston by 29.4% during the first quarter. Royal Bank of Canada now owns 185,038 shares of the specialty retailer’s stock valued at $9,862,000 after buying an additional 42,039 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Lamb Weston by 3.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,355 shares of the specialty retailer’s stock worth $872,000 after purchasing an additional 549 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Lamb Weston by 19.4% in the second quarter. EverSource Wealth Advisors LLC now owns 3,490 shares of the specialty retailer’s stock valued at $181,000 after purchasing an additional 567 shares during the period. Amundi increased its stake in Lamb Weston by 405.9% in the second quarter. Amundi now owns 256,794 shares of the specialty retailer’s stock valued at $13,548,000 after purchasing an additional 206,034 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in Lamb Weston by 70.7% during the second quarter. Gamco Investors INC. ET AL now owns 18,116 shares of the specialty retailer’s stock worth $939,000 after buying an additional 7,503 shares during the period. 89.56% of the stock is owned by institutional investors and hedge funds.

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.