DAVENPORT & Co LLC Has $868,000 Stock Holdings in Lamb Weston (NYSE:LW)

DAVENPORT & Co LLC cut its holdings in shares of Lamb Weston (NYSE:LW - Free Report) by 26.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,289 shares of the specialty retailer's stock after selling 5,954 shares during the quarter. DAVENPORT & Co LLC's holdings in Lamb Weston were worth $868,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Romano Brothers AND Company increased its holdings in shares of Lamb Weston by 1.4% during the 1st quarter. Romano Brothers AND Company now owns 15,260 shares of the specialty retailer's stock worth $813,000 after acquiring an additional 218 shares during the last quarter. Blair William & Co. IL increased its holdings in shares of Lamb Weston by 3.2% during the 4th quarter. Blair William & Co. IL now owns 7,130 shares of the specialty retailer's stock worth $476,000 after acquiring an additional 219 shares during the last quarter. Atria Investments Inc increased its holdings in shares of Lamb Weston by 3.2% during the 4th quarter. Atria Investments Inc now owns 7,255 shares of the specialty retailer's stock worth $485,000 after acquiring an additional 227 shares during the last quarter. Norinchukin Bank The increased its holdings in shares of Lamb Weston by 4.0% during the 4th quarter. Norinchukin Bank The now owns 5,873 shares of the specialty retailer's stock worth $392,000 after acquiring an additional 227 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of Lamb Weston by 0.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 43,702 shares of the specialty retailer's stock worth $2,921,000 after acquiring an additional 253 shares during the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Price Performance

Shares of NYSE:LW traded up $0.24 during trading on Tuesday, reaching $51.21. 102,389 shares of the company traded hands, compared to its average volume of 2,643,646. 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 $7.23 billion, a PE ratio of 20.00, a PEG ratio of 1.16 and a beta of 0.46. The company's 50 day moving average is $53.13 and its two-hundred day moving average is $55.58.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LW. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $57.00 target price on shares of Lamb Weston in a report on Wednesday, March 19th. Wells Fargo & Company reduced their price target on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Jefferies Financial Group reduced their price target on Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Wall Street Zen upgraded Lamb Weston from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Finally, Bank of America reduced their price target on Lamb Weston from $60.00 to $56.00 and set a "neutral" rating for the company in a research note on Wednesday, June 18th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Lamb Weston has a consensus rating of "Hold" and a consensus target price of $67.73.

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.