Teachers Retirement System of The State of Kentucky Boosts Stake in Lamb Weston $LW

Teachers Retirement System of The State of Kentucky increased its holdings in shares of Lamb Weston (NYSE:LW) by 107.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,157 shares of the specialty retailer’s stock after acquiring an additional 12,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Lamb Weston were worth $979,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LW. ARQ Wealth Advisors LLC lifted its stake in Lamb Weston by 23.0% in the 1st quarter. ARQ Wealth Advisors LLC now owns 8,775 shares of the specialty retailer’s stock worth $371,000 after purchasing an additional 1,640 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Lamb Weston by 6.0% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 34,344 shares of the specialty retailer’s stock valued at $1,451,000 after purchasing an additional 1,930 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Lamb Weston by 627.7% in the first quarter. Fifth Third Bancorp now owns 53,085 shares of the specialty retailer’s stock valued at $2,243,000 after purchasing an additional 45,790 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Lamb Weston by 11.4% in the first quarter. Hsbc Holdings PLC now owns 525,541 shares of the specialty retailer’s stock valued at $21,762,000 after purchasing an additional 53,655 shares during the last quarter. Finally, Bernzott Capital Advisors increased its holdings in shares of Lamb Weston by 22.2% in the first quarter. Bernzott Capital Advisors now owns 144,260 shares of the specialty retailer’s stock valued at $6,096,000 after purchasing an additional 26,207 shares during the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on LW. Barclays lowered their price objective 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. Deutsche Bank Aktiengesellschaft cut their target price on Lamb Weston from $46.00 to $40.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Stephens assumed coverage on Lamb Weston in a report on Wednesday, May 27th. They set an “equal weight” rating and a $46.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on shares of Lamb Weston from $43.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Lamb Weston in a report on Wednesday, July 8th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $48.91.

Lamb Weston Trading Up 2.9%

LW opened at $46.85 on Friday. Lamb Weston has a one year low of $37.62 and a one year high of $67.07. The stock has a market capitalization of $6.47 billion, a PE ratio of 21.89, a P/E/G ratio of 6.05 and a beta of 0.47. The business’s 50 day moving average price is $44.02 and its 200 day moving average price is $44.02. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.69 and a current ratio of 1.46.

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.