TD Private Client Wealth LLC Buys 8,483 Shares of Lamb Weston (NYSE:LW)

TD Private Client Wealth LLC grew its holdings in shares of Lamb Weston (NYSE:LW - Free Report) by 766.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,590 shares of the specialty retailer's stock after buying an additional 8,483 shares during the period. TD Private Client Wealth LLC's holdings in Lamb Weston were worth $511,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Assetmark Inc. increased its stake in shares of Lamb Weston by 2,050.3% during the fourth quarter. Assetmark Inc. now owns 3,161 shares of the specialty retailer's stock valued at $211,000 after purchasing an additional 3,014 shares in the last quarter. Atria Investments Inc grew its holdings in shares of Lamb Weston by 3.2% during the fourth quarter. Atria Investments Inc now owns 7,255 shares of the specialty retailer's stock valued at $485,000 after buying an additional 227 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Lamb Weston in the 4th quarter worth $1,932,000. Raymond James Financial Inc. purchased a new position in Lamb Weston in the 4th quarter worth about $19,802,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Lamb Weston by 3.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 35,064 shares of the specialty retailer's stock valued at $2,343,000 after purchasing an additional 1,266 shares during the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Trading Down 0.2%

Shares of LW traded down $0.08 during midday trading on Friday, hitting $51.30. The stock had a trading volume of 2,328,024 shares, compared to its average volume of 1,992,866. The stock's 50 day moving average is $53.09 and its 200 day moving average is $55.35. The firm has a market cap of $7.24 billion, a PE ratio of 15.71, 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 has a 1 year low of $47.90 and a 1 year high of $83.98.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LW shares. Wall Street Zen raised Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Stifel Nicolaus set a $56.00 target price on shares of Lamb Weston and gave the stock a "hold" rating in a report on Thursday, April 24th. Jefferies Financial Group decreased 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. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $57.00 price objective on shares of Lamb Weston in a research report on Wednesday, March 19th. Finally, Bank of America decreased their target price on Lamb Weston from $60.00 to $56.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 18th. 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 MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $67.64.

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.