Banque Pictet & Cie SA Takes Position in Lamb Weston (NYSE:LW)

Banque Pictet & Cie SA bought a new position in Lamb Weston (NYSE:LW - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,496 shares of the specialty retailer's stock, valued at approximately $400,000.

Several other hedge funds have also recently bought and sold shares of LW. Wayfinding Financial LLC acquired a new stake in shares of Lamb Weston in the first quarter valued at $28,000. Whipplewood Advisors LLC boosted its holdings in Lamb Weston by 3,466.7% in the first quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer's stock valued at $29,000 after acquiring an additional 520 shares during the last quarter. Putney Financial Group LLC bought a new position in Lamb Weston in the fourth quarter valued at about $34,000. CX Institutional bought a new position in Lamb Weston during the first quarter worth about $48,000. Finally, Acuitas Investments LLC boosted its holdings in Lamb Weston by 239.3% during the first quarter. Acuitas Investments LLC now owns 950 shares of the specialty retailer's stock worth $51,000 after buying an additional 670 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Price Performance

Shares of NYSE:LW traded down $0.08 during trading on Friday, reaching $51.30. 2,328,024 shares of the company traded hands, compared to its average volume of 2,655,040. The company has a quick ratio of 0.58, a current ratio of 1.35 and a debt-to-equity ratio of 2.25. Lamb Weston has a 52 week low of $47.90 and a 52 week high of $83.98. The firm has a market capitalization of $7.24 billion, a PE ratio of 20.12, a PEG ratio of 1.14 and a beta of 0.46. The company's 50 day moving average is $53.09 and its two-hundred day moving average is $55.35.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LW shares. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $57.00 target price on shares of Lamb Weston in a report on Wednesday, March 19th. Jefferies Financial Group cut their price objective on Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company cut their price objective on Lamb Weston from $70.00 to $65.00 and set an "overweight" rating on the stock in a report on Wednesday. Wall Street Zen raised Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Bank of America dropped their target price on Lamb Weston from $60.00 to $56.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 18th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average 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.