Ninety One UK Ltd Sells 163,889 Shares of Lamb Weston (NYSE:LW)

Ninety One UK Ltd decreased its position in shares of Lamb Weston (NYSE:LW - Free Report) by 23.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 548,427 shares of the specialty retailer's stock after selling 163,889 shares during the period. Ninety One UK Ltd owned 0.39% of Lamb Weston worth $29,231,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in Lamb Weston by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer's stock valued at $82,174,000 after acquiring an additional 16,092 shares during the period. Marathon Trading Investment Management LLC bought a new stake in Lamb Weston in the fourth quarter valued at about $796,000. Sei Investments Co. increased its stake in Lamb Weston by 10.3% in the fourth quarter. Sei Investments Co. now owns 116,036 shares of the specialty retailer's stock valued at $7,755,000 after acquiring an additional 10,855 shares during the period. Atlas FRM LLC bought a new stake in Lamb Weston in the fourth quarter valued at about $20,383,000. Finally, Soviero Asset Management LP bought a new stake in Lamb Weston in the fourth quarter valued at about $3,342,000. Institutional investors and hedge funds own 89.56% of the company's stock.

Lamb Weston Trading Down 0.2%

LW traded down $0.08 during mid-day trading on Friday, hitting $51.30. The stock had a trading volume of 2,328,024 shares, compared to its average volume of 2,655,040. The stock's fifty day simple moving average is $53.09 and its 200-day simple moving average is $55.35. 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 firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 1.14 and a beta of 0.46. Lamb Weston has a 1-year low of $47.90 and a 1-year high of $83.98.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $57.00 price objective on shares of Lamb Weston in a research note on Wednesday, March 19th. Jefferies Financial Group decreased 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 note on Friday, April 11th. Wall Street Zen raised shares of Lamb Weston from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Stifel Nicolaus set a $56.00 price target on shares of Lamb Weston and gave the company a "hold" rating in a research note on Thursday, April 24th. Finally, Barclays decreased 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 note 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target 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.