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

Greenwood Capital Associates LLC increased its stake in shares of Lamb Weston (NYSE:LW) by 43.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 42,106 shares of the specialty retailer’s stock after buying an additional 12,678 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Lamb Weston were worth $1,779,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in LW. MCF Advisors LLC boosted its stake in Lamb Weston by 44.2% in the fourth quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 199 shares during the last quarter. Hantz Financial Services Inc. increased its stake in shares of Lamb Weston by 380.7% during the 4th quarter. Hantz Financial Services Inc. now owns 721 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 571 shares during the last quarter. Transamerica Financial Advisors LLC increased its stake in shares of Lamb Weston by 121.1% during the 4th 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 last quarter. Eagle Bay Advisors LLC bought a new stake in shares of Lamb Weston in the 4th quarter worth approximately $48,000. Finally, SJS Investment Consulting Inc. raised its holdings in shares of Lamb Weston by 4,512.0% in the 1st 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 during the period. Institutional investors own 89.56% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Lamb Weston news, Director Jana Partners Management, Lp bought 100,000 shares of the stock in a transaction on Monday, April 13th. The shares were acquired at an average price of $42.12 per share, with a total value of $4,212,000.00. Following the acquisition, the director directly owned 5,348,980 shares of the company’s stock, valued at $225,299,037.60. The trade was a 1.91% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Lamb Weston Stock Performance

NYSE LW opened at $46.19 on Thursday. The firm has a market cap of $6.38 billion, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 6.20 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 company’s 50 day moving average is $43.64 and its 200-day moving average is $43.87. Lamb Weston has a 12-month low of $37.62 and a 12-month high of $67.07.

Lamb Weston Company 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.