Lamb Weston (NYSE:LW – Get Free Report) was the target of some unusual options trading activity on Monday. Investors acquired 7,287 call options on the company. This represents an increase of 234% compared to the average daily volume of 2,184 call options.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Lamb Weston from $43.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Lamb Weston in a research report on Wednesday, July 8th. 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. Barclays cut their target price on Lamb Weston from $55.00 to $46.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Finally, BNP Paribas Exane decreased their price target on Lamb Weston from $48.00 to $41.00 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $48.91.
Get Our Latest Stock Report on Lamb Weston
Institutional Investors Weigh In On Lamb Weston
Lamb Weston Stock Down 2.5%
Lamb Weston stock traded down $1.15 during trading on Monday, reaching $45.64. The stock had a trading volume of 545,932 shares, compared to its average volume of 2,373,973. The company has a quick ratio of 0.69, a current ratio of 1.46 and a debt-to-equity ratio of 1.99. Lamb Weston has a 52-week low of $37.62 and a 52-week high of $67.07. The stock has a market cap of $6.30 billion, a PE ratio of 21.34, a P/E/G ratio of 6.21 and a beta of 0.47. The business has a 50 day moving average price of $44.11 and a 200 day moving average price of $44.06.
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.
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