Brokerages Set Lamb Weston (NYSE:LW) PT at $48.91

Shares of Lamb Weston (NYSE:LW) have earned a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $48.9091.

Several equities research analysts have recently commented on the stock. Barclays dropped their target price on shares of Lamb Weston from $55.00 to $46.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. Bank of America reduced their price target on shares of Lamb Weston from $49.00 to $47.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Stephens began coverage on shares of Lamb Weston in a research note on Wednesday, May 27th. They issued an “equal weight” rating and a $46.00 price target for the company. Wells Fargo & Company raised their price objective on shares of Lamb Weston from $46.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Lamb Weston from $46.00 to $40.00 and set a “hold” rating on the stock in a research report on Monday, March 30th.

Lamb Weston Stock Performance

Shares of LW stock opened at $46.74 on Friday. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 6.21 and a beta of 0.47. The stock has a fifty day moving average of $44.11 and a 200 day moving average of $44.04. Lamb Weston has a 52 week low of $37.62 and a 52 week high of $67.07. The company has a quick ratio of 0.69, a current ratio of 1.46 and a debt-to-equity ratio of 1.99.

Institutional Investors Weigh In On Lamb Weston

Several hedge funds have recently made changes to their positions in LW. MCF Advisors LLC raised its holdings in Lamb Weston by 44.2% in the fourth quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 199 shares in the last quarter. Hantz Financial Services Inc. lifted its position in Lamb Weston by 380.7% during 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 period. Transamerica Financial Advisors LLC boosted its holdings in shares of Lamb Weston by 121.1% during the 4th 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 in the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of Lamb Weston during the 4th quarter valued at $48,000. Finally, SJS Investment Consulting Inc. grew its position in shares of Lamb Weston by 4,512.0% in 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 currently 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.