Clarkston Capital Partners LLC Sells 1,417,742 Shares of Lamb Weston $LW

Clarkston Capital Partners LLC lessened its holdings in Lamb Weston (NYSE:LW) by 58.9% during the first quarter, HoldingsChannel reports. The firm owned 990,705 shares of the specialty retailer’s stock after selling 1,417,742 shares during the quarter. Lamb Weston accounts for 3.2% of Clarkston Capital Partners LLC’s holdings, making the stock its 7th largest position. Clarkston Capital Partners LLC’s holdings in Lamb Weston were worth $41,867,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of LW. MCF Advisors LLC lifted its stake in Lamb Weston by 44.2% in 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 last quarter. Hantz Financial Services Inc. raised 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 valued at $30,000 after purchasing an additional 571 shares during the last quarter. Danske Bank A S bought a new stake in shares of Lamb Weston during the third quarter worth about $52,000. Larson Financial Group LLC increased its stake in shares of Lamb Weston by 47.1% in the third quarter. Larson Financial Group LLC now owns 953 shares of the specialty retailer’s stock valued at $55,000 after buying an additional 305 shares during the period. Finally, Transamerica Financial Advisors LLC raised 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 during the last quarter. Institutional investors own 89.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Bank of America reduced their target price on shares of Lamb Weston from $49.00 to $47.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. BNP Paribas Exane decreased their price objective on Lamb Weston from $48.00 to $41.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Lamb Weston in a research report on Wednesday, July 8th. Barclays upped their price target on Lamb Weston from $46.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Stephens initiated coverage on Lamb Weston in a research report on Wednesday, May 27th. They set an “equal weight” rating and a $46.00 price objective for the company. 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $49.27.

Lamb Weston Stock Performance

Shares of LW stock opened at $49.17 on Friday. The firm has a 50 day moving average of $44.62 and a 200-day moving average of $44.22. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 22.98, a price-to-earnings-growth ratio of 6.37 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.

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.