Lamb Weston $LW Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lowered its holdings in Lamb Weston (NYSE:LW) by 83.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,902 shares of the specialty retailer’s stock after selling 28,948 shares during the period. Sterling Capital Management LLC’s holdings in Lamb Weston were worth $249,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. MCF Advisors LLC boosted its position in Lamb Weston by 44.2% during the 4th 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 position in Lamb Weston by 380.7% in the fourth quarter. Hantz Financial Services Inc. now owns 721 shares of the specialty retailer’s stock worth $30,000 after buying an additional 571 shares during the period. Stance Capital LLC bought a new stake in Lamb Weston in the third quarter valued at $51,000. Danske Bank A S bought a new stake in Lamb Weston in the third quarter valued at $52,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Lamb Weston by 47.1% during the third quarter. Larson Financial Group LLC now owns 953 shares of the specialty retailer’s stock valued at $55,000 after acquiring an additional 305 shares during the period. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lamb Weston

In other news, Director Jana Partners Management, Lp bought 136,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The shares were purchased at an average price of $40.89 per share, with a total value of $5,561,040.00. Following the completion of the acquisition, the director directly owned 5,148,980 shares in the company, valued at approximately $210,541,792.20. This trade represents a 2.71% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased a total of 386,000 shares of company stock worth $16,073,540 in the last quarter. 0.29% of the stock is owned by company insiders.

Lamb Weston Stock Performance

Shares of LW opened at $45.93 on Monday. The firm has a market capitalization of $6.34 billion, a PE ratio of 21.46, a P/E/G ratio of 6.12 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 firm has a 50-day moving average price of $43.49 and a 200 day moving average price of $44.15. Lamb Weston has a 52-week low of $37.62 and a 52-week high of $67.07.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LW shares. Stephens initiated coverage on shares of Lamb Weston in a research report on Wednesday, May 27th. They set an “equal weight” rating and a $46.00 price target for the company. BNP Paribas Exane reduced 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. Wells Fargo & Company decreased their target price on shares of Lamb Weston from $54.00 to $46.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. JPMorgan Chase & Co. dropped their price target on shares of Lamb Weston from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 24th. Finally, Stifel Nicolaus cut their price target on Lamb Weston from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, April 2nd. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Lamb Weston has a consensus rating of “Hold” and an average target price of $47.82.

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.