19,876 Shares in Lamb Weston (NYSE:LW) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new position in shares of Lamb Weston (NYSE:LW - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,876 shares of the specialty retailer's stock, valued at approximately $1,059,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LW. Sei Investments Co. raised its position in shares of Lamb Weston by 10.3% during the 4th quarter. Sei Investments Co. now owns 116,036 shares of the specialty retailer's stock valued at $7,755,000 after buying an additional 10,855 shares in the last quarter. Atlas FRM LLC purchased a new stake in shares of Lamb Weston in the 4th quarter worth about $20,383,000. Soviero Asset Management LP purchased a new stake in shares of Lamb Weston in the 4th quarter worth about $3,342,000. Siemens Fonds Invest GmbH purchased a new stake in shares of Lamb Weston in the 4th quarter worth about $823,000. Finally, Keystone Financial Services LLC purchased a new position in Lamb Weston during the 4th quarter valued at about $623,000. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Lamb Weston Trading Down 0.2%

Shares of LW opened at $51.30 on Monday. Lamb Weston has a twelve month low of $47.90 and a twelve month high of $83.98. The company has a market cap of $7.24 billion, a P/E ratio of 20.12, a P/E/G ratio of 1.14 and a beta of 0.46. The company has a current ratio of 1.35, a quick ratio of 0.58 and a debt-to-equity ratio of 2.25. The company's fifty day simple moving average is $53.09 and its 200-day simple moving average is $55.23.

Analyst Ratings Changes

LW has been the subject of several recent analyst reports. Barclays decreased their target price on shares of Lamb Weston from $69.00 to $61.00 and set an "overweight" rating for the company in a report on Monday, May 12th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $57.00 target price on shares of Lamb Weston in a report on Wednesday, March 19th. Jefferies Financial Group decreased their target price on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a report on Friday, April 11th. Bank of America decreased their price objective on shares of Lamb Weston from $60.00 to $56.00 and set a "neutral" rating for the company in a report on Wednesday, June 18th. Finally, Wall Street Zen raised shares of Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $67.64.

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.

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