Lamb Weston (NYSE:LW) Shares Sold by DAVENPORT & Co LLC

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

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in Lamb Weston by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer's stock valued at $82,174,000 after buying an additional 16,092 shares during the last quarter. Marathon Trading Investment Management LLC purchased a new stake in Lamb Weston in the 4th quarter worth approximately $796,000. Sei Investments Co. boosted its position in Lamb Weston by 10.3% in the 4th 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 in the last quarter. Atlas FRM LLC purchased a new stake in Lamb Weston in the 4th quarter worth approximately $20,383,000. Finally, Soviero Asset Management LP purchased a new stake in Lamb Weston in the 4th quarter worth approximately $3,342,000. Hedge funds and other institutional investors own 89.56% of the company's stock.

Lamb Weston Price Performance

Shares of LW stock traded down $1.46 during trading hours on Monday, hitting $51.01. 2,048,924 shares of the company's stock were exchanged, compared to its average volume of 2,653,468. The firm has a 50 day moving average of $53.15 and a two-hundred day moving average of $55.65. Lamb Weston has a fifty-two week low of $47.90 and a fifty-two week high of $83.98. 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 firm has a market cap of $7.20 billion, a P/E ratio of 20.00, a P/E/G ratio of 1.16 and a beta of 0.46.

Lamb Weston (NYSE:LW - Get Free Report) last posted its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.87 by $0.23. Lamb Weston had a return on equity of 27.25% and a net margin of 5.74%. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the company earned $1.20 EPS. The firm's revenue was up 4.3% compared to the same quarter last year. Sell-side analysts forecast that Lamb Weston will post 3.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on LW. Barclays lowered their price objective on Lamb Weston from $69.00 to $61.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. Wall Street Zen upgraded Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Jefferies Financial Group lowered their price objective on Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company lowered their price objective on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Finally, Bank of America reduced their target price 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's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $67.73.

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.