MJP Associates Inc. ADV Grows Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

MJP Associates Inc. ADV lifted its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 150.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,019 shares of the specialty retailer’s stock after buying an additional 4,812 shares during the quarter. MJP Associates Inc. ADV’s holdings in Lamb Weston were worth $854,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. VisionPoint Advisory Group LLC grew its position in shares of Lamb Weston by 113.4% in the third quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 161 shares during the period. TFO Wealth Partners LLC increased its stake in Lamb Weston by 8,040.0% during the 4th quarter. TFO Wealth Partners LLC now owns 407 shares of the specialty retailer’s stock worth $432,000 after buying an additional 402 shares in the last quarter. Vima LLC acquired a new position in shares of Lamb Weston during the fourth quarter valued at approximately $50,000. Headlands Technologies LLC purchased a new position in shares of Lamb Weston in the fourth quarter valued at approximately $51,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Lamb Weston by 864.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 482 shares of the specialty retailer’s stock worth $52,000 after acquiring an additional 432 shares during the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Citigroup dropped their target price on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a report on Monday, April 8th. Bank of America decreased their target price on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Stifel Nicolaus dropped their price target on Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Wells Fargo & Company cut their price target on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a report on Friday, April 5th. Finally, Barclays lowered their price objective on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating on the stock in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Lamb Weston currently has a consensus rating of “Moderate Buy” and an average target price of $117.40.

Lamb Weston Stock Performance

Shares of LW stock traded up $2.36 during trading hours on Friday, hitting $84.85. The stock had a trading volume of 3,053,405 shares, compared to its average volume of 1,363,589. The stock’s 50 day moving average is $85.12 and its 200 day moving average is $96.38. The firm has a market capitalization of $12.25 billion, a PE ratio of 11.33, a PEG ratio of 1.35 and a beta of 0.75. Lamb Weston Holdings, Inc. has a twelve month low of $77.41 and a twelve month high of $117.38. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.19 and a quick ratio of 0.52.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.20). The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The business’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.43 EPS. As a group, research analysts forecast that Lamb Weston Holdings, Inc. will post 5.54 earnings per share for the current fiscal year.

About Lamb Weston

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.