Bernzott Capital Advisors Buys 26,207 Shares of Lamb Weston $LW

Bernzott Capital Advisors lifted its position in Lamb Weston (NYSE:LW) by 22.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,260 shares of the specialty retailer’s stock after acquiring an additional 26,207 shares during the period. Lamb Weston makes up approximately 2.9% of Bernzott Capital Advisors’ holdings, making the stock its 20th biggest holding. Bernzott Capital Advisors’ holdings in Lamb Weston were worth $6,096,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MCF Advisors LLC grew its holdings in Lamb Weston by 44.2% during the fourth quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 199 shares during the period. Hantz Financial Services Inc. increased its stake in Lamb Weston by 380.7% in the fourth quarter. Hantz Financial Services Inc. now owns 721 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 571 shares in the last quarter. Transamerica Financial Advisors LLC raised its holdings in Lamb Weston by 121.1% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,130 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 619 shares during the period. Eagle Bay Advisors LLC acquired a new stake in Lamb Weston in the fourth quarter worth $48,000. Finally, SJS Investment Consulting Inc. boosted its position in shares of Lamb Weston by 4,512.0% during the first quarter. SJS Investment Consulting Inc. now owns 1,153 shares of the specialty retailer’s stock worth $49,000 after purchasing an additional 1,128 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Price Performance

Shares of LW opened at $45.23 on Friday. The stock has a market capitalization of $6.25 billion, a P/E ratio of 21.14, a P/E/G ratio of 6.15 and a beta of 0.47. Lamb Weston has a twelve month low of $37.62 and a twelve month high of $67.07. The company has a 50 day moving average of $43.68 and a 200-day moving average of $43.88. The company has a quick ratio of 0.69, a current ratio of 1.46 and a debt-to-equity ratio of 1.99.

Insider Buying and Selling

In other Lamb Weston news, Director Jana Partners Management, Lp bought 100,000 shares of Lamb Weston stock in a transaction that occurred on Monday, April 13th. The stock was acquired at an average price of $42.12 per share, for a total transaction of $4,212,000.00. Following the completion of the acquisition, the director owned 5,348,980 shares of the company’s stock, valued at $225,299,037.60. This trade represents a 1.91% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

LW has been the subject of several research analyst reports. Weiss Ratings lowered shares of Lamb Weston from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on Lamb Weston from $46.00 to $40.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. JPMorgan Chase & Co. boosted their target price on Lamb Weston from $43.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday. Wells Fargo & Company boosted their target price on Lamb Weston from $46.00 to $54.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, BNP Paribas Exane lowered their price target on Lamb Weston from $48.00 to $41.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Lamb Weston currently has a consensus rating of “Hold” and a consensus target price of $48.91.

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.