DekaBank Deutsche Girozentrale Buys 14,850 Shares of Lamb Weston (NYSE:LW)

DekaBank Deutsche Girozentrale increased its stake in Lamb Weston (NYSE:LW - Free Report) by 13.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 128,407 shares of the specialty retailer's stock after acquiring an additional 14,850 shares during the period. DekaBank Deutsche Girozentrale owned about 0.09% of Lamb Weston worth $6,858,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of LW. Wayfinding Financial LLC bought a new position in Lamb Weston during the 1st quarter valued at approximately $28,000. Whipplewood Advisors LLC grew its stake in shares of Lamb Weston by 3,466.7% in the 1st quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer's stock worth $29,000 after buying an additional 520 shares during the last quarter. Putney Financial Group LLC purchased a new stake in shares of Lamb Weston in the 4th quarter worth approximately $34,000. CX Institutional purchased a new stake in Lamb Weston during the 1st quarter valued at $48,000. Finally, Acuitas Investments LLC boosted its stake in Lamb Weston by 239.3% during the 1st quarter. Acuitas Investments LLC now owns 950 shares of the specialty retailer's stock valued at $51,000 after purchasing an additional 670 shares during the last quarter. Institutional investors own 89.56% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LW shares. Jefferies Financial Group lowered their price target on Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Bank of America decreased their price target on Lamb Weston from $60.00 to $56.00 and set a "neutral" rating on the stock in a report on Wednesday, June 18th. Stifel Nicolaus set a $56.00 price target on Lamb Weston and gave the company a "hold" rating in a report on Thursday, April 24th. Barclays reduced their target price on Lamb Weston from $69.00 to $61.00 and set an "overweight" rating on the stock in a report on Monday, May 12th. Finally, Wall Street Zen raised Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $67.64.

Lamb Weston Trading Down 0.2%

Shares of NYSE:LW traded down $0.08 during trading hours on Friday, hitting $51.30. 2,328,024 shares of the company's stock traded hands, compared to its average volume of 2,655,040. Lamb Weston has a 1 year low of $47.90 and a 1 year high of $83.98. The business has a fifty day moving average price of $53.09 and a 200-day moving average price of $55.35. The firm has a market capitalization of $7.24 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 1.14 and a beta of 0.46. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.35 and a quick ratio of 0.58.

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.