Parr Mcknight Wealth Management Group LLC Purchases 11,035 Shares of Lamb Weston (NYSE:LW)

Parr Mcknight Wealth Management Group LLC boosted its holdings in Lamb Weston (NYSE:LW - Free Report) by 90.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,300 shares of the specialty retailer's stock after buying an additional 11,035 shares during the period. Parr Mcknight Wealth Management Group LLC's holdings in Lamb Weston were worth $1,242,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Assetmark Inc. boosted its holdings in Lamb Weston by 2,050.3% in the 4th 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 during the period. Atria Investments Inc boosted its holdings in Lamb Weston by 3.2% in the 4th quarter. Atria Investments Inc now owns 7,255 shares of the specialty retailer's stock valued at $485,000 after purchasing an additional 227 shares during the period. Proficio Capital Partners LLC bought a new position in Lamb Weston in the 4th quarter valued at $1,932,000. Raymond James Financial Inc. bought a new position in Lamb Weston in the 4th quarter valued at $19,802,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Lamb Weston by 3.7% in the 4th 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 period. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Lamb Weston Trading Down 0.2%

Lamb Weston stock traded down $0.08 during mid-day trading on Friday, hitting $51.30. The company's stock had a trading volume of 2,328,024 shares, compared to its average volume of 2,655,040. 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 market cap 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. The business has a 50 day moving average price of $53.09 and a 200-day moving average price of $55.35. Lamb Weston has a 12 month low of $47.90 and a 12 month high of $83.98.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Bank of America dropped their price objective on shares of Lamb Weston from $60.00 to $56.00 and set a "neutral" rating for the company in a report on Wednesday, June 18th. Barclays dropped their price objective on shares of Lamb Weston from $69.00 to $61.00 and set an "overweight" rating for the company in a report on Monday, May 12th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $57.00 price objective on shares of Lamb Weston in a report on Wednesday, March 19th. Finally, Jefferies Financial Group dropped their price objective on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a report on Friday, April 11th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $67.64.

About Lamb Weston

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.