Lamb Weston $LW Stock Position Raised by Staley Capital Advisers Inc.

Staley Capital Advisers Inc. increased its holdings in shares of Lamb Weston (NYSE:LWFree Report) by 1,573.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 418,460 shares of the specialty retailer’s stock after buying an additional 393,460 shares during the period. Lamb Weston makes up approximately 0.7% of Staley Capital Advisers Inc.’s portfolio, making the stock its 29th biggest position. Staley Capital Advisers Inc.’s holdings in Lamb Weston were worth $17,684,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Royal Bank of Canada raised its position in shares of Lamb Weston by 29.4% during the 1st quarter. Royal Bank of Canada now owns 185,038 shares of the specialty retailer’s stock worth $9,862,000 after purchasing an additional 42,039 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Lamb Weston by 3.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,355 shares of the specialty retailer’s stock worth $872,000 after purchasing an additional 549 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Lamb Weston by 19.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,490 shares of the specialty retailer’s stock valued at $181,000 after purchasing an additional 567 shares during the period. Amundi boosted its position in Lamb Weston by 405.9% during the 2nd quarter. Amundi now owns 256,794 shares of the specialty retailer’s stock valued at $13,548,000 after purchasing an additional 206,034 shares during the period. Finally, Gamco Investors INC. ET AL grew its stake in Lamb Weston by 70.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 18,116 shares of the specialty retailer’s stock worth $939,000 after buying an additional 7,503 shares during the last quarter. Institutional investors own 89.56% of the company’s stock.

Insiders Place Their Bets

In other Lamb Weston news, Director Jana Partners Management, Lp purchased 50,000 shares of Lamb Weston stock in a transaction on Wednesday, April 15th. The stock was bought at an average price of $43.19 per share, for a total transaction of $2,159,500.00. Following the transaction, the director owned 5,398,980 shares of the company’s stock, valued at $233,181,946.20. The trade was a 0.93% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.29% of the stock is owned by insiders.

Lamb Weston Stock Performance

Shares of LW stock opened at $46.19 on Thursday. Lamb Weston has a 12-month low of $37.62 and a 12-month high of $67.07. The firm has a market capitalization 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. The business has a 50 day simple moving average of $43.64 and a 200 day simple moving average of $43.87. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.46 and a quick ratio of 0.69.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LW. Weiss Ratings lowered Lamb Weston from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Lamb Weston from $46.00 to $40.00 and set a “hold” rating for the company in a report on Monday, March 30th. BNP Paribas Exane lowered their price target on shares of Lamb Weston from $48.00 to $41.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Stifel Nicolaus dropped their price objective on shares of Lamb Weston from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, April 2nd. Finally, Wells Fargo & Company lifted their price objective on shares of Lamb Weston from $46.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday. 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’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $48.55.

Check Out Our Latest Report on Lamb Weston

About Lamb Weston

(Free Report)

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.

See Also

Want to see what other hedge funds are holding LW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lamb Weston (NYSE:LWFree Report).

Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

Receive News & Ratings for Lamb Weston Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamb Weston and related companies with MarketBeat.com's FREE daily email newsletter.