Guidance Capital Inc. Buys 8,704 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Guidance Capital Inc. lifted its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 207.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,890 shares of the specialty retailer’s stock after acquiring an additional 8,704 shares during the quarter. Guidance Capital Inc.’s holdings in Lamb Weston were worth $1,373,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Norges Bank bought a new stake in Lamb Weston during the fourth quarter valued at approximately $93,553,000. Artemis Investment Management LLP grew its position in Lamb Weston by 117.2% during the first quarter. Artemis Investment Management LLP now owns 1,230,538 shares of the specialty retailer’s stock valued at $131,035,000 after buying an additional 663,985 shares during the period. APG Asset Management US Inc. bought a new stake in Lamb Weston during the fourth quarter valued at approximately $56,699,000. Schonfeld Strategic Advisors LLC grew its position in Lamb Weston by 121.7% during the third quarter. Schonfeld Strategic Advisors LLC now owns 746,424 shares of the specialty retailer’s stock valued at $69,014,000 after buying an additional 409,810 shares during the period. Finally, Montrusco Bolton Investments Inc. grew its position in Lamb Weston by 104.7% during the fourth quarter. Montrusco Bolton Investments Inc. now owns 713,414 shares of the specialty retailer’s stock valued at $77,113,000 after buying an additional 364,851 shares during the period. 89.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on LW. Wells Fargo & Company dropped their price target on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a research report on Friday, April 5th. BNP Paribas began coverage on shares of Lamb Weston in a research report on Monday, March 11th. They issued an “outperform” rating and a $128.00 price target for the company. Citigroup dropped their price target on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a research report on Monday, April 8th. Bank of America dropped their price target on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Finally, Stifel Nicolaus cut their target price on shares of Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $117.40.

Lamb Weston Trading Up 0.8 %

Shares of Lamb Weston stock traded up $0.63 during trading on Friday, hitting $84.08. The stock had a trading volume of 5,214,862 shares, compared to its average volume of 1,556,273. The firm’s fifty day simple moving average is $85.48 and its 200-day simple moving average is $95.77. The stock has a market cap of $12.14 billion, a PE ratio of 11.23, a PEG ratio of 1.38 and a beta of 0.75. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.19 and a quick ratio of 0.52. Lamb Weston Holdings, Inc. has a 12 month low of $77.41 and a 12 month high of $117.38.

Lamb Weston (NYSE:LW) last released its earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.20). The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.65 billion. Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. Lamb Weston’s revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 EPS. As a group, sell-side analysts expect that Lamb Weston Holdings, Inc. will post 5.54 EPS for the current fiscal year.

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.