Lamb Weston (NYSE:LW) Shares Sold by KBC Group NV

KBC Group NV reduced its position in shares of Lamb Weston (NYSE:LW - Free Report) by 79.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,636 shares of the specialty retailer's stock after selling 22,144 shares during the period. KBC Group NV's holdings in Lamb Weston were worth $301,000 at the end of the most recent quarter.

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

Lamb Weston Trading Up 0.5%

NYSE LW traded up $0.24 on Friday, reaching $53.00. The stock had a trading volume of 1,089,845 shares, compared to its average volume of 2,655,897. The firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of 20.78, a P/E/G ratio of 1.16 and a beta of 0.46. 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 12-month low of $47.90 and a 12-month high of $83.98. The stock has a fifty day moving average price of $53.15 and a two-hundred day moving average price of $55.70.

Lamb Weston (NYSE:LW - Get Free Report) last posted 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. Lamb Weston had a return on equity of 27.25% and a net margin of 5.74%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the company earned $1.20 earnings per share. The company's revenue was up 4.3% on a year-over-year basis. As a group, sell-side analysts forecast that Lamb Weston will post 3.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LW shares. Wells Fargo & Company lowered their target price on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Stifel Nicolaus set a $56.00 target price on Lamb Weston and gave the stock a "hold" rating in a report on Thursday, April 24th. Bank of America lowered their target price on Lamb Weston from $60.00 to $56.00 and set a "neutral" rating on the stock in a report on Wednesday, June 18th. 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. Finally, Barclays reduced their price target on shares of Lamb Weston from $69.00 to $61.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target 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.