Significant Wealth Partners LLC Grows Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Significant Wealth Partners LLC boosted its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 33.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,644 shares of the specialty retailer’s stock after buying an additional 666 shares during the quarter. Significant Wealth Partners LLC’s holdings in Lamb Weston were worth $282,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of LW. Franklin Resources Inc. boosted its stake in shares of Lamb Weston by 15.1% during the 4th quarter. Franklin Resources Inc. now owns 1,842,751 shares of the specialty retailer’s stock worth $199,183,000 after purchasing an additional 241,848 shares during the period. Artemis Investment Management LLP grew its stake in shares of 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 last quarter. Charles Schwab Investment Management Inc. grew its position in Lamb Weston by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,167,446 shares of the specialty retailer’s stock valued at $126,189,000 after acquiring an additional 21,981 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Lamb Weston by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 998,572 shares of the specialty retailer’s stock worth $107,936,000 after purchasing an additional 27,253 shares during the period. Finally, Norges Bank bought a new stake in shares of Lamb Weston during the fourth quarter worth $93,553,000. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Down 2.2 %

Shares of NYSE:LW traded down $1.76 on Monday, reaching $77.19. The company had a trading volume of 935,644 shares, compared to its average volume of 2,132,953. The firm has a market capitalization of $11.15 billion, a PE ratio of 10.54, a PEG ratio of 1.29 and a beta of 0.74. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 1.81. Lamb Weston Holdings, Inc. has a 52-week low of $76.67 and a 52-week high of $117.38. The firm’s 50 day simple moving average is $84.86 and its 200-day simple moving average is $93.96.

Wall Street Analysts Forecast Growth

LW has been the topic of several recent analyst reports. Barclays reduced their price target on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating on the stock in a research note on Monday, April 8th. Bank of America reduced their target price on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Wells Fargo & Company lowered 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. Citigroup reduced their price objective on Lamb Weston from $106.00 to $104.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Finally, Stifel Nicolaus lowered their target price on Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lamb Weston presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.20.

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.