Cambridge Investment Research Advisors Inc. Sells 6,689 Shares of Lamb Weston (NYSE:LW)

Cambridge Investment Research Advisors Inc. cut its holdings in shares of Lamb Weston (NYSE:LW - Free Report) by 36.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,550 shares of the specialty retailer's stock after selling 6,689 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Lamb Weston were worth $616,000 at the end of the most recent quarter.

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

Lamb Weston Stock Down 2.0%

Lamb Weston stock traded down $1.07 during trading hours on Wednesday, hitting $51.27. The stock had a trading volume of 2,880,049 shares, compared to its average volume of 2,659,479. 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 has a market capitalization of $7.24 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 1.13 and a beta of 0.46. Lamb Weston has a 12-month low of $47.90 and a 12-month high of $83.98. The stock's 50-day moving average price is $53.14 and its 200-day moving average price is $55.55.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LW. Bank of America reduced their price objective on shares of Lamb Weston from $60.00 to $56.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 18th. Barclays reduced their price objective 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. Jefferies Financial Group reduced their price objective on shares of 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 reduced their price objective on shares of Lamb Weston from $70.00 to $65.00 and set an "overweight" rating on the stock in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $57.00 price objective on shares of Lamb Weston in a research report on Wednesday, March 19th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Lamb Weston presently has an average rating of "Hold" and an average price target of $67.64.

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.