Ninety One UK Ltd lessened its holdings in Lamb Weston (NYSE:LW - Free Report) by 23.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 548,427 shares of the specialty retailer's stock after selling 163,889 shares during the period. Ninety One UK Ltd owned about 0.39% of Lamb Weston worth $29,231,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in Lamb Weston by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer's stock valued at $82,174,000 after buying an additional 16,092 shares in the last quarter. Marathon Trading Investment Management LLC purchased a new position in shares of Lamb Weston in the fourth quarter valued at $796,000. Sei Investments Co. lifted its position in Lamb Weston by 10.3% in the fourth quarter. Sei Investments Co. now owns 116,036 shares of the specialty retailer's stock worth $7,755,000 after buying an additional 10,855 shares during the last quarter. Atlas FRM LLC bought a new stake in Lamb Weston in the fourth quarter worth $20,383,000. Finally, Soviero Asset Management LP bought a new stake in Lamb Weston in the fourth quarter worth $3,342,000. Institutional investors own 89.56% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the company. Bank of America decreased their target price on Lamb Weston from $60.00 to $56.00 and set a "neutral" rating for the company in a research report on Wednesday, June 18th. Wall Street Zen upgraded Lamb Weston from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $57.00 price target on shares of Lamb Weston in a research note on Wednesday, March 19th. Stifel Nicolaus set a $56.00 price target on Lamb Weston and gave the stock a "hold" rating in a research note on Thursday, April 24th. Finally, 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 note on Friday, April 11th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $67.64.
Get Our Latest Analysis on Lamb Weston
Lamb Weston Stock Performance
NYSE:LW traded down $1.07 during trading hours on Wednesday, reaching $51.27. The company had a trading volume of 2,880,063 shares, compared to its average volume of 2,659,479. Lamb Weston has a 1-year low of $47.90 and a 1-year high of $83.98. The firm has a market cap of $7.24 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 1.13 and a beta of 0.46. The business's 50 day moving average price is $53.14 and its 200-day moving average price is $55.55. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.35 and a quick ratio of 0.58.
About Lamb Weston
(
Free Report)
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.
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