Commonwealth Equity Services LLC Has $1.93 Million Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Commonwealth Equity Services LLC lifted its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 2.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,143 shares of the specialty retailer’s stock after acquiring an additional 418 shares during the period. Commonwealth Equity Services LLC’s holdings in Lamb Weston were worth $1,933,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mn Services Vermogensbeheer B.V. acquired a new stake in Lamb Weston during the first quarter worth $6,221,000. First National Trust Co boosted its stake in Lamb Weston by 14.9% during the first quarter. First National Trust Co now owns 28,946 shares of the specialty retailer’s stock worth $3,084,000 after buying an additional 3,753 shares in the last quarter. Clear Creek Financial Management LLC acquired a new stake in Lamb Weston during the first quarter worth $341,000. Mesirow Financial Investment Management Inc. acquired a new stake in Lamb Weston during the first quarter worth $407,000. Finally, New York State Teachers Retirement System boosted its stake in Lamb Weston by 1.4% during the first quarter. New York State Teachers Retirement System now owns 166,899 shares of the specialty retailer’s stock worth $17,780,000 after buying an additional 2,245 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. BNP Paribas assumed coverage on Lamb Weston in a report on Monday, March 11th. They set an “outperform” rating and a $128.00 price objective for the company. Wells Fargo & Company cut their price target on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a report on Friday, April 5th. Barclays cut their price target on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a report on Monday, April 8th. Stifel Nicolaus cut their price target on Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, April 5th. Finally, Bank of America cut their price target on Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a report on Friday, April 5th. One analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $117.40.

Lamb Weston Trading Down 1.3 %

NYSE:LW traded down $1.04 on Friday, hitting $81.64. 528,074 shares of the stock were exchanged, compared to its average volume of 2,109,363. The stock has a market capitalization of $11.79 billion, a price-to-earnings ratio of 11.01, a P/E/G ratio of 1.35 and a beta of 0.74. Lamb Weston Holdings, Inc. has a 52 week low of $77.41 and a 52 week high of $117.38. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.52 and a current ratio of 1.19. The company’s 50-day moving average price is $85.42 and its 200 day moving average price is $95.21.

Lamb Weston (NYSE:LW) last posted 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 company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.65 billion. Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. Lamb Weston’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.43 earnings per share. On average, equities research analysts forecast that Lamb Weston Holdings, Inc. will post 5.54 earnings per share for the current 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.