JPMorgan Chase & Co. Has Lowered Expectations for Lamb Weston (NYSE:LW) Stock Price

Lamb Weston (NYSE:LW) had its price target reduced by research analysts at JPMorgan Chase & Co. from $50.00 to $44.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 6.61% from the company’s current price.

A number of other equities research analysts have also recently issued reports on LW. Stifel Nicolaus dropped their target price 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. Barclays decreased their price objective on shares of Lamb Weston from $68.00 to $55.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 23rd. Bank of America dropped their price objective on shares of Lamb Weston from $66.00 to $53.00 and set a “neutral” rating for the company in a report on Monday, December 22nd. BNP Paribas Exane set a $48.00 target price on shares of Lamb Weston in a research note on Monday, December 22nd. Finally, TD Cowen decreased their price target on Lamb Weston from $60.00 to $55.00 and set a “hold” rating on the stock in a research report on Monday, December 22nd. Three investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Lamb Weston has an average rating of “Hold” and a consensus price target of $52.40.

Lamb Weston Price Performance

Shares of LW traded up $0.40 during mid-day trading on Tuesday, reaching $41.27. The company had a trading volume of 457,048 shares, compared to its average volume of 3,232,973. The company’s 50-day moving average is $45.54 and its 200-day moving average is $52.72. Lamb Weston has a twelve month low of $39.60 and a twelve month high of $67.07. The company has a market capitalization of $5.73 billion, a P/E ratio of 14.91, a P/E/G ratio of 5.80 and a beta of 0.43. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.43 and a quick ratio of 0.64.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Friday, December 19th. The specialty retailer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Lamb Weston had a return on equity of 27.71% and a net margin of 6.06%.The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period last year, the business earned $0.66 earnings per share. The business’s revenue was up 1.1% on a year-over-year basis. On average, equities analysts anticipate that Lamb Weston will post 3.1 EPS for the current year.

Insider Transactions at Lamb Weston

In related news, insider Jan Eli B. Craps bought 50,000 shares of Lamb Weston stock in a transaction on Friday, February 6th. The shares were purchased at an average price of $48.65 per share, for a total transaction of $2,432,500.00. Following the completion of the acquisition, the insider owned 300,000 shares in the company, valued at approximately $14,595,000. This represents a 20.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.29% of the company’s stock.

Institutional Trading of Lamb Weston

Hedge funds have recently modified their holdings of the company. Bank of Nova Scotia grew its stake in shares of Lamb Weston by 2.0% during the 3rd quarter. Bank of Nova Scotia now owns 9,685 shares of the specialty retailer’s stock worth $563,000 after acquiring an additional 189 shares in the last quarter. MCF Advisors LLC grew its holdings in shares of Lamb Weston by 44.2% in the 4th quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 199 shares in the last quarter. Banque de Luxembourg S.A. grew its holdings in shares of Lamb Weston by 13.6% in the 3rd quarter. Banque de Luxembourg S.A. now owns 1,772 shares of the specialty retailer’s stock valued at $103,000 after acquiring an additional 212 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Lamb Weston by 6.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,718 shares of the specialty retailer’s stock valued at $216,000 after acquiring an additional 228 shares in the last quarter. Finally, Clearstead Advisors LLC increased its position in shares of Lamb Weston by 8.0% in the fourth quarter. Clearstead Advisors LLC now owns 3,101 shares of the specialty retailer’s stock valued at $130,000 after acquiring an additional 229 shares during the last quarter. 89.56% of the stock is currently 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.