BB&T Securities LLC bought a new position in Lamb Weston Holdings Inc (NYSE:LW) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,802 shares of the specialty retailer’s stock, valued at approximately $454,000.
Several other hedge funds also recently added to or reduced their stakes in the company. Stevens First Principles Investment Advisors increased its position in Lamb Weston by 3,620.9% in the first quarter. Stevens First Principles Investment Advisors now owns 1,600 shares of the specialty retailer’s stock worth $176,000 after purchasing an additional 1,557 shares during the last quarter. Globeflex Capital L P bought a new stake in Lamb Weston in the fourth quarter worth $106,000. Tower Research Capital LLC TRC increased its position in Lamb Weston by 844.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,888 shares of the specialty retailer’s stock worth $107,000 after purchasing an additional 1,688 shares during the last quarter. Captrust Financial Advisors bought a new stake in Lamb Weston in the fourth quarter worth $112,000. Finally, Weik Capital Management bought a new stake in Lamb Weston in the first quarter worth $204,000. 79.51% of the stock is currently owned by hedge funds and other institutional investors.
Lamb Weston opened at $67.88 on Friday, MarketBeat reports. The company has a current ratio of 1.72, a quick ratio of 0.63 and a debt-to-equity ratio of -5.98. Lamb Weston Holdings Inc has a twelve month low of $42.58 and a twelve month high of $68.70. The firm has a market cap of $9.87 billion, a price-to-earnings ratio of 29.26, a PEG ratio of 1.83 and a beta of 0.57.
Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Thursday, April 5th. The specialty retailer reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.11. Lamb Weston had a net margin of 11.75% and a negative return on equity of 69.53%. The business had revenue of $863.40 million for the quarter, compared to analysts’ expectations of $813.81 million. During the same quarter in the previous year, the business posted $0.59 earnings per share. The business’s revenue was up 12.3% compared to the same quarter last year. analysts anticipate that Lamb Weston Holdings Inc will post 2.62 EPS for the current fiscal year.
LW has been the topic of several research reports. Bank of America boosted their price target on shares of Lamb Weston from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Thursday, March 29th. ValuEngine upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating in a research report on Thursday. Jefferies Financial Group restated a “buy” rating and issued a $71.00 price target on shares of Lamb Weston in a research report on Wednesday, June 6th. Finally, Morgan Stanley boosted their price target on shares of Lamb Weston from $61.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Friday, April 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $64.67.
Lamb Weston Company Profile
Lamb Weston Holdings, Inc produces and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.
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