Oregon Public Employees Retirement Fund Buys 15,860 Shares of Lamb Weston $LW

Oregon Public Employees Retirement Fund boosted its stake in shares of Lamb Weston (NYSE:LW) by 99.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,800 shares of the specialty retailer’s stock after purchasing an additional 15,860 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Lamb Weston were worth $1,344,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of LW. MCF Advisors LLC increased its holdings in shares of Lamb Weston by 44.2% during the 4th quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 199 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of 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 buying an additional 571 shares during the period. Transamerica Financial Advisors LLC lifted its stake in shares of Lamb Weston by 121.1% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,130 shares of the specialty retailer’s stock valued at $47,000 after buying an additional 619 shares during the period. Eagle Bay Advisors LLC acquired a new stake in Lamb Weston during the fourth quarter worth about $48,000. Finally, SJS Investment Consulting Inc. grew its position in 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 buying an additional 1,128 shares in the last quarter. 89.56% of the stock is owned by institutional investors.

Insider Transactions at Lamb Weston

In related news, Director Jana Partners Management, Lp acquired 50,000 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was purchased at an average cost of $43.19 per share, for a total transaction of $2,159,500.00. Following the completion of the purchase, the director directly 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.29% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on LW shares. Barclays cut their price target on Lamb Weston from $55.00 to $46.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Wells Fargo & Company boosted their price objective on Lamb Weston from $46.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Lamb Weston in a research report on Wednesday. Stifel Nicolaus reduced their target price on Lamb Weston from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, April 2nd. Finally, 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 report on Thursday. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $48.91.

Lamb Weston Trading Down 0.1%

Shares of LW opened at $46.42 on Monday. The company has a current ratio of 1.46, a quick ratio of 0.69 and a debt-to-equity ratio of 1.99. The stock has a market cap of $6.41 billion, a PE ratio of 21.69, a PEG ratio of 6.17 and a beta of 0.47. Lamb Weston has a 1 year low of $37.62 and a 1 year high of $67.07. The stock has a 50 day simple moving average of $43.75 and a 200-day simple moving average of $43.90.

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.