Money Concepts Capital Corp Acquires 13,167 Shares of Lamb Weston (NYSE:LW)

Money Concepts Capital Corp boosted its stake in shares of Lamb Weston (NYSE:LW - Free Report) by 137.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,732 shares of the specialty retailer's stock after acquiring an additional 13,167 shares during the quarter. Money Concepts Capital Corp's holdings in Lamb Weston were worth $1,212,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Whipplewood Advisors LLC grew its holdings in shares of Lamb Weston by 3,466.7% during the first quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer's stock worth $29,000 after purchasing an additional 520 shares during the last quarter. Putney Financial Group LLC bought a new position in Lamb Weston in the fourth quarter valued at about $34,000. SBI Securities Co. Ltd. bought a new position in Lamb Weston in the fourth quarter valued at about $36,000. CX Institutional bought a new position in Lamb Weston in the first quarter valued at about $48,000. Finally, CoreFirst Bank & Trust bought a new position in Lamb Weston in the fourth quarter valued at about $78,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Stock Up 0.3%

LW stock traded up $0.18 during mid-day trading on Friday, reaching $53.37. The company had a trading volume of 3,555,736 shares, compared to its average volume of 2,645,855. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.35 and a quick ratio of 0.58. The stock has a 50 day simple moving average of $53.11 and a two-hundred day simple moving average of $56.63. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 1.18 and a beta of 0.49. Lamb Weston has a 52 week low of $47.90 and a 52 week high of $84.40.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on LW shares. Wells Fargo & Company decreased their price target on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Bank of America cut their target price on Lamb Weston from $60.00 to $56.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 18th. Barclays cut their target price on Lamb Weston from $69.00 to $61.00 and set an "overweight" rating on the stock in a research note on Monday, May 12th. Jefferies Financial Group dropped their price target on Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, Stifel Nicolaus set a $56.00 price target on Lamb Weston and gave the stock a "hold" rating in a research report on Thursday, April 24th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Lamb Weston currently has a consensus rating of "Hold" and a consensus target price of $67.73.

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.