Wells Fargo & Company Cuts Lamb Weston (NYSE:LW) Price Target to $66.00

Lamb Weston (NYSE:LW) had its price objective dropped by research analysts at Wells Fargo & Company from $72.00 to $66.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the specialty retailer’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 22.63% from the stock’s current price.

A number of other research firms also recently weighed in on LW. Jefferies Financial Group upped their price target on shares of Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Stifel Nicolaus reduced their price target on Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a report on Friday, December 20th. Barclays cut their price objective on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a research report on Monday, December 23rd. Citigroup lowered shares of Lamb Weston from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $90.00 to $68.00 in a research note on Friday, December 20th. Finally, JPMorgan Chase & Co. increased their target price on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Lamb Weston presently has an average rating of “Hold” and a consensus price target of $73.55.

Lamb Weston Trading Up 1.0 %

Lamb Weston stock traded up $0.51 during midday trading on Wednesday, reaching $53.82. The stock had a trading volume of 302,476 shares, compared to its average volume of 2,622,710. The firm’s fifty day simple moving average is $55.40 and its two-hundred day simple moving average is $65.73. The firm has a market cap of $7.68 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 1.40 and a beta of 0.76. Lamb Weston has a twelve month low of $47.90 and a twelve month high of $103.49. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53.

Insider Transactions at Lamb Weston

In other news, Director Robert A. Niblock purchased 3,000 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were purchased at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the purchase, the director now directly owns 26,406 shares of the company’s stock, valued at approximately $1,609,181.64. The trade was a 12.82 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.72% of the stock is currently owned by corporate insiders.

Institutional Trading of Lamb Weston

Several institutional investors have recently modified their holdings of LW. West Oak Capital LLC increased its holdings in Lamb Weston by 155.7% in the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 274 shares during the period. Putney Financial Group LLC bought a new position in Lamb Weston in the 4th quarter worth approximately $34,000. Stonebridge Financial Group LLC acquired a new position in Lamb Weston during the 4th quarter worth $35,000. SBI Securities Co. Ltd. bought a new position in Lamb Weston in the 4th quarter valued at $36,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Lamb Weston in the 4th quarter valued at $47,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Company Profile

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.