Wealth Enhancement Advisory Services LLC Grows Position in Lamb Weston (NYSE:LW)

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Lamb Weston (NYSE:LW - Free Report) by 328.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,630 shares of the specialty retailer's stock after purchasing an additional 33,458 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Lamb Weston were worth $2,325,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its stake in shares of 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 worth $82,174,000 after purchasing an additional 16,092 shares in the last quarter. Grandfield & Dodd LLC bought a new position in Lamb Weston in the 4th quarter worth approximately $2,341,000. Proficio Capital Partners LLC purchased a new position in Lamb Weston in the 4th quarter valued at approximately $1,932,000. Marathon Trading Investment Management LLC purchased a new position in Lamb Weston in the 4th quarter valued at approximately $796,000. Finally, Sei Investments Co. raised its holdings in Lamb Weston by 10.3% during the 4th 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. 89.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on LW. Wall Street Zen raised Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Stifel Nicolaus set a $56.00 target price on Lamb Weston and gave the stock a "hold" rating in a research note on Thursday, April 24th. 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 research report on Wednesday, April 2nd. Bank of America lowered their price target on shares of Lamb Weston from $60.00 to $56.00 and set a "neutral" rating on the stock in a report on Wednesday, June 18th. Finally, Jefferies Financial Group reduced their price objective on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $67.73.

Lamb Weston Price Performance

Shares of NYSE LW opened at $53.37 on Friday. The firm has a market capitalization of $7.53 billion, a P/E ratio of 20.93, a P/E/G ratio of 1.18 and a beta of 0.49. The company has a quick ratio of 0.58, a current ratio of 1.35 and a debt-to-equity ratio of 2.25. The stock's 50-day simple moving average is $53.11 and its two-hundred day simple moving average is $56.63. Lamb Weston has a twelve month low of $47.90 and a twelve month high of $84.40.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.