SG Americas Securities LLC Purchases 772,893 Shares of Lamb Weston $LW

SG Americas Securities LLC raised its position in Lamb Weston (NYSE:LW) by 2,682.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 801,708 shares of the specialty retailer’s stock after buying an additional 772,893 shares during the period. SG Americas Securities LLC owned 0.58% of Lamb Weston worth $33,584,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Royal Bank of Canada increased its position in shares of Lamb Weston by 29.4% during the first quarter. Royal Bank of Canada now owns 185,038 shares of the specialty retailer’s stock valued at $9,862,000 after acquiring an additional 42,039 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Lamb Weston by 3.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,355 shares of the specialty retailer’s stock worth $872,000 after purchasing an additional 549 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Lamb Weston by 26.8% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 31,057 shares of the specialty retailer’s stock worth $1,610,000 after purchasing an additional 6,559 shares during the last quarter. Legal & General Group Plc grew its stake in Lamb Weston by 6.8% in the 2nd quarter. Legal & General Group Plc now owns 273,597 shares of the specialty retailer’s stock valued at $14,186,000 after purchasing an additional 17,391 shares during the period. Finally, Franklin Resources Inc. grew its stake in Lamb Weston by 78.8% in the 2nd quarter. Franklin Resources Inc. now owns 26,114 shares of the specialty retailer’s stock valued at $1,354,000 after purchasing an additional 11,511 shares during the period. Institutional investors own 89.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LW. Zacks Research upgraded Lamb Weston from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Stifel Nicolaus reduced their price target on shares of Lamb Weston from $63.00 to $50.00 and set a “hold” rating for the company in a research report on Monday, December 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Lamb Weston in a report on Monday, December 29th. BNP Paribas Exane set a $48.00 price objective on shares of Lamb Weston in a research report on Monday, December 22nd. Finally, Barclays dropped their target price on shares of Lamb Weston from $68.00 to $55.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 23rd. Three analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $52.40.

Insiders Place Their Bets

In other Lamb Weston news, insider Jan Eli B. Craps bought 50,000 shares of the business’s stock in a transaction on Friday, February 6th. The stock was purchased at an average price of $48.65 per share, for a total transaction of $2,432,500.00. Following the completion of the transaction, the insider directly owned 300,000 shares of the company’s stock, valued at $14,595,000. This trade represents a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.29% of the stock is owned by corporate insiders.

Lamb Weston Stock Up 0.7%

Shares of NYSE LW opened at $41.77 on Thursday. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.43 and a quick ratio of 0.64. The stock has a market capitalization of $5.80 billion, a PE ratio of 15.02, a P/E/G ratio of 6.02 and a beta of 0.43. Lamb Weston has a one year low of $39.60 and a one year high of $67.07. The business’s fifty day moving average price is $45.51 and its 200-day moving average price is $52.53.

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.