Lamb Weston Target of Unusually High Options Trading (NYSE:LW)

Lamb Weston (NYSE:LWGet 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

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Lamb Weston by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 16,679,203 shares of the specialty retailer’s stock valued at $698,692,000 after buying an additional 43,766 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Lamb Weston by 27.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,824,690 shares of the specialty retailer’s stock worth $411,558,000 after buying an additional 2,111,874 shares during the last quarter. State Street Corp lifted its holdings in Lamb Weston by 1.1% during the 2nd quarter. State Street Corp now owns 5,801,585 shares of the specialty retailer’s stock worth $300,812,000 after buying an additional 63,865 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Lamb Weston by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 3,528,402 shares of the specialty retailer’s stock worth $147,536,000 after acquiring an additional 21,256 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Lamb Weston by 2.5% during the 3rd quarter. Invesco Ltd. now owns 3,286,305 shares of the specialty retailer’s stock worth $190,869,000 after acquiring an additional 79,257 shares in the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

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

(Get Free Report)

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.

Further Reading

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