Lamb Weston $LW Shares Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System grew its stake in Lamb Weston (NYSE:LW) by 304.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,882 shares of the specialty retailer’s stock after purchasing an additional 20,241 shares during the period. Maryland State Retirement & Pension System’s holdings in Lamb Weston were worth $1,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MCF Advisors LLC lifted its position in Lamb Weston by 44.2% during the fourth quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock worth $27,000 after buying an additional 199 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in Lamb Weston by 380.7% in the 4th 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 in the last quarter. Transamerica Financial Advisors LLC grew 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 buying an additional 619 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of Lamb Weston in the 4th quarter worth $48,000. Finally, SJS Investment Consulting Inc. increased its stake in shares of Lamb Weston by 4,512.0% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,153 shares of the specialty retailer’s stock worth $49,000 after acquiring an additional 1,128 shares during the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Stock Performance

Shares of Lamb Weston stock opened at $45.61 on Thursday. The firm has a market cap of $6.30 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 6.17 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. Lamb Weston has a 52 week low of $37.62 and a 52 week high of $67.07. The business’s fifty day simple moving average is $43.94 and its 200-day simple moving average is $43.99.

Analyst Ratings Changes

Several research analysts have recently weighed in on LW shares. 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. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Lamb Weston from $46.00 to $40.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Stephens started coverage on shares of Lamb Weston in a research note on Wednesday, May 27th. They set an “equal weight” rating and a $46.00 target price on the stock. BNP Paribas Exane decreased their target price on shares of Lamb Weston from $48.00 to $41.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Finally, Barclays dropped their price target on shares of Lamb Weston from $55.00 to $46.00 and set an “overweight” rating for the company in a research note 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $48.91.

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.