Greenwood Capital Associates LLC Purchases 12,678 Shares of Lamb Weston $LW

Greenwood Capital Associates LLC boosted its holdings in Lamb Weston (NYSE:LW) by 43.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,106 shares of the specialty retailer’s stock after purchasing an additional 12,678 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Lamb Weston were worth $1,779,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Arnhold LLC raised its holdings in shares of Lamb Weston by 710.2% in the 4th quarter. Arnhold LLC now owns 38,217 shares of the specialty retailer’s stock worth $1,601,000 after acquiring an additional 33,500 shares during the last quarter. Capital Research Global Investors lifted its position in Lamb Weston by 46.3% in the 3rd quarter. Capital Research Global Investors now owns 2,150,000 shares of the specialty retailer’s stock valued at $124,872,000 after acquiring an additional 680,000 shares in the last quarter. Dana Investment Advisors Inc. boosted its stake in Lamb Weston by 44.8% during the 4th quarter. Dana Investment Advisors Inc. now owns 89,991 shares of the specialty retailer’s stock valued at $3,770,000 after purchasing an additional 27,835 shares during the last quarter. Natixis Advisors LLC boosted its stake in Lamb Weston by 8.7% during the 3rd quarter. Natixis Advisors LLC now owns 535,602 shares of the specialty retailer’s stock valued at $31,108,000 after purchasing an additional 42,709 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in Lamb Weston by 2,682.3% during the 4th quarter. SG Americas Securities LLC now owns 801,708 shares of the specialty retailer’s stock worth $33,584,000 after purchasing an additional 772,893 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Analysts Set New Price Targets

LW has been the subject of several analyst reports. Barclays lowered their price objective on Lamb Weston from $55.00 to $46.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. Stifel Nicolaus decreased their price target on Lamb Weston from $50.00 to $45.00 and set a “hold” rating for the company in a report on Thursday, April 2nd. Stephens assumed coverage on Lamb Weston in a research report on Wednesday, May 27th. They issued an “equal weight” rating and a $46.00 price target for the company. Weiss Ratings lowered Lamb Weston from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 10th. Finally, Wells Fargo & Company raised their price objective on Lamb Weston from $46.00 to $54.00 and gave the company an “overweight” rating in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Lamb Weston has an average rating of “Hold” and an average target price of $48.55.

Lamb Weston Trading Down 0.7%

NYSE:LW opened at $46.19 on Thursday. Lamb Weston has a 52 week low of $37.62 and a 52 week high of $67.07. The firm has a 50-day moving average price of $43.64 and a two-hundred day moving average price of $43.87. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.69 and a current ratio of 1.46. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 6.20 and a beta of 0.47.

Insider Activity

In other Lamb Weston news, Director Jana Partners Management, Lp bought 100,000 shares of Lamb Weston stock in a transaction dated Monday, April 13th. The stock was bought at an average cost of $42.12 per share, with a total value of $4,212,000.00. Following the completion of the acquisition, the director directly owned 5,348,980 shares in the company, valued at approximately $225,299,037.60. The trade was a 1.91% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

About Lamb Weston

Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company’s portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.

Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world’s largest producers of frozen potato products.