Lamb Weston (NYSE:LW) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. decreased its position in shares of Lamb Weston (NYSE:LW - Free Report) by 36.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,550 shares of the specialty retailer's stock after selling 6,689 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Lamb Weston were worth $616,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Research Global Investors purchased a new stake in Lamb Weston in the fourth quarter worth $423,270,000. Norges Bank bought a new stake in Lamb Weston during the 4th quarter valued at about $96,736,000. JANA Partners Management LP grew its stake in Lamb Weston by 22.3% in the 4th quarter. JANA Partners Management LP now owns 7,131,339 shares of the specialty retailer's stock worth $476,587,000 after acquiring an additional 1,302,585 shares in the last quarter. Continental Grain Co. purchased a new position in shares of Lamb Weston during the fourth quarter worth approximately $63,786,000. Finally, Boston Partners boosted its holdings 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 purchasing an additional 735,901 shares during the period. Hedge funds and other institutional investors own 89.56% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on LW. Wall Street Zen upgraded Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Barclays lowered their price objective on shares of Lamb Weston from $69.00 to $61.00 and set an "overweight" rating for the company in a research note on Monday, May 12th. Bank of America cut their target price 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. Jefferies Financial Group lowered their price target on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $57.00 price objective on shares of Lamb Weston in a report on Wednesday, March 19th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $67.64.

Lamb Weston Stock Performance

Shares of LW traded down $0.08 during trading hours on Friday, reaching $51.30. 1,930,411 shares of the company traded hands, compared to its average volume of 2,654,296. The stock has a market capitalization of $7.24 billion, a P/E ratio of 20.12, a P/E/G ratio of 1.14 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 business has a fifty day moving average price of $53.09 and a 200-day moving average price of $55.44.

Lamb Weston 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.