9,257 Shares in Lamb Weston (NYSE:LW) Purchased by 44 Wealth Management LLC

44 Wealth Management LLC purchased a new stake in shares of Lamb Weston (NYSE:LW - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,257 shares of the specialty retailer's stock, valued at approximately $493,000.

Several other institutional investors have also recently bought and sold shares of LW. Charles Schwab Investment Management Inc. increased its position in shares of Lamb Weston by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer's stock worth $82,174,000 after acquiring an additional 16,092 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Lamb Weston during the 4th quarter worth approximately $1,932,000. Marathon Trading Investment Management LLC bought a new stake in Lamb Weston during the 4th quarter worth approximately $796,000. Sei Investments Co. raised its stake in shares of Lamb Weston by 10.3% in the fourth quarter. Sei Investments Co. now owns 116,036 shares of the specialty retailer's stock worth $7,755,000 after purchasing an additional 10,855 shares during the last quarter. Finally, Atlas FRM LLC bought a new position in shares of Lamb Weston in the fourth quarter valued at approximately $20,383,000. Institutional investors and hedge funds own 89.56% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LW. Jefferies Financial Group decreased their price target on Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a report on Friday, April 11th. Wall Street Zen upgraded shares of Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $57.00 price target on shares of Lamb Weston in a research report on Wednesday, March 19th. Stifel Nicolaus set a $56.00 price objective on shares of Lamb Weston and gave the stock a "hold" rating in a research report on Thursday, April 24th. Finally, Wells Fargo & Company dropped their target price on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Lamb Weston presently has an average rating of "Hold" and an average price target of $67.73.

Lamb Weston Stock Performance

NYSE LW traded up $0.24 during trading hours on Friday, reaching $53.00. 1,089,845 shares of the company were exchanged, compared to its average volume of 2,653,467. The company has a quick ratio of 0.58, a current ratio of 1.35 and a debt-to-equity ratio of 2.25. The stock has a market capitalization of $7.48 billion, a P/E ratio of 20.78, a P/E/G ratio of 1.16 and a beta of 0.46. Lamb Weston has a 1 year low of $47.90 and a 1 year high of $83.98. The business's 50 day simple moving average is $53.15 and its 200-day simple moving average is $55.86.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.23. Lamb Weston had a net margin of 5.74% and a return on equity of 27.25%. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business posted $1.20 EPS. Lamb Weston's quarterly revenue was up 4.3% compared to the same quarter last year. On average, equities research analysts expect that Lamb Weston will post 3.1 earnings per share for the current year.

About Lamb Weston

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.