Lamb Weston $LW Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its stake in Lamb Weston (NYSE:LW) by 11.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 525,541 shares of the specialty retailer’s stock after buying an additional 53,655 shares during the quarter. Hsbc Holdings PLC’s holdings in Lamb Weston were worth $21,762,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Arnhold LLC raised its stake in Lamb Weston by 710.2% in the 4th quarter. Arnhold LLC now owns 38,217 shares of the specialty retailer’s stock valued at $1,601,000 after purchasing an additional 33,500 shares during the last quarter. Dana Investment Advisors Inc. boosted its stake in shares of Lamb Weston by 44.8% during the 4th quarter. Dana Investment Advisors Inc. now owns 89,991 shares of the specialty retailer’s stock worth $3,770,000 after purchasing an additional 27,835 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of 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 during the last quarter. Texas Yale Capital Corp. purchased a new stake in shares of Lamb Weston during the fourth quarter worth about $1,264,000. Finally, Easterly Investment Partners LLC purchased a new stake in shares of Lamb Weston during the fourth quarter worth about $3,071,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Lamb Weston from $46.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday. Stifel Nicolaus decreased their target price on shares of Lamb Weston from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Thursday, April 2nd. BNP Paribas Exane lowered their target price on shares of Lamb Weston from $48.00 to $41.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Bank of America cut their price target on Lamb Weston from $49.00 to $47.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Finally, Stephens started coverage on Lamb Weston in a report on Wednesday, May 27th. They set an “equal weight” rating and a $46.00 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Lamb Weston presently has a consensus rating of “Hold” and a consensus price target of $49.27.

Lamb Weston Trading Up 1.3%

LW stock opened at $47.19 on Wednesday. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 6.19 and a beta of 0.47. The company has a quick ratio of 0.69, a current ratio of 1.46 and a debt-to-equity ratio of 1.99. The business has a fifty day simple moving average of $44.35 and a 200-day simple moving average of $44.12. Lamb Weston has a 52 week low of $37.62 and a 52 week high of $67.07.

Lamb Weston Profile

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.