Janney Montgomery Scott LLC Sells 21,508 Shares of Lamb Weston (NYSE:LW)

Janney Montgomery Scott LLC cut its position in shares of Lamb Weston (NYSE:LW - Free Report) by 46.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,972 shares of the specialty retailer's stock after selling 21,508 shares during the quarter. Janney Montgomery Scott LLC's holdings in Lamb Weston were worth $1,331,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Capital Research Global Investors bought a new position in Lamb Weston in the fourth quarter valued at approximately $423,270,000. Norges Bank acquired a new stake in shares of Lamb Weston in the fourth quarter valued at approximately $96,736,000. JANA Partners Management LP lifted its position in shares of Lamb Weston by 22.3% in the fourth quarter. JANA Partners Management LP now owns 7,131,339 shares of the specialty retailer's stock valued at $476,587,000 after buying an additional 1,302,585 shares during the last quarter. Continental Grain Co. acquired a new stake in shares of Lamb Weston in the fourth quarter valued at approximately $63,786,000. Finally, Boston Partners lifted its position in shares of Lamb Weston by 26.8% in the fourth quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer's stock valued at $232,330,000 after buying an additional 735,901 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Barclays cut their price objective on Lamb Weston from $69.00 to $61.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. Wells Fargo & Company dropped their price target on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Wall Street Zen raised Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Bank of America dropped their price target on Lamb Weston from $60.00 to $56.00 and set a "neutral" rating for the company in a report on Wednesday, June 18th. Finally, Jefferies Financial Group dropped 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. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $67.73.

Lamb Weston Trading Up 0.3%

Shares of LW stock opened at $53.37 on Friday. The firm has a market capitalization of $7.53 billion, a P/E ratio of 20.93, a P/E/G ratio of 1.18 and a beta of 0.49. Lamb Weston has a twelve month low of $47.90 and a twelve month high of $84.40. 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's fifty day simple moving average is $53.11 and its 200 day simple moving average is $56.63.

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

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