Lamb Weston $LW Shares Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky boosted its stake in shares of Lamb Weston (NYSE:LW) by 107.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,157 shares of the specialty retailer’s stock after buying 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 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. MCF Advisors LLC lifted its holdings in shares of Lamb Weston by 44.2% in the 4th quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 199 shares during the last quarter. Hantz Financial Services Inc. boosted its position 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 period. Transamerica Financial Advisors LLC increased its holdings in Lamb Weston by 121.1% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,130 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 619 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in Lamb Weston in the 4th quarter valued at approximately $48,000. Finally, SJS Investment Consulting Inc. raised its position in Lamb Weston by 4,512.0% in the first quarter. SJS Investment Consulting Inc. now owns 1,153 shares of the specialty retailer’s stock valued at $49,000 after purchasing an additional 1,128 shares during the period. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LW. Stephens initiated coverage on Lamb Weston in a research note on Wednesday, May 27th. They set an “equal weight” rating and a $46.00 price target on the stock. BNP Paribas Exane dropped their price objective on Lamb Weston from $48.00 to $41.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Barclays cut their price objective on Lamb Weston from $55.00 to $46.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. Weiss Ratings reissued a “sell (d+)” rating on shares of Lamb Weston in a research note on Wednesday, July 8th. Finally, Wells Fargo & Company raised their target price on Lamb Weston from $46.00 to $54.00 and gave the company an “overweight” rating 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, Lamb Weston presently has an average rating of “Hold” and a consensus price target of $48.91.

Lamb Weston Price Performance

Shares of LW opened at $46.85 on Friday. The company has a market cap of $6.47 billion, a P/E ratio of 21.89, a PEG ratio of 6.05 and a beta of 0.47. Lamb Weston has a fifty-two week low of $37.62 and a fifty-two week high of $67.07. 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’s 50 day moving average price is $44.02 and its 200 day moving average price is $44.02.

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.