Lamb Weston (NYSE:LW) Stock Position Increased by Yousif Capital Management LLC

Yousif Capital Management LLC lifted its position in Lamb Weston (NYSE:LW) by 3.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,394 shares of the specialty retailer’s stock after buying an additional 710 shares during the period. Yousif Capital Management LLC’s holdings in Lamb Weston were worth $1,034,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Whipplewood Advisors LLC raised its position in Lamb Weston by 3,466.7% during the first quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 520 shares during the period. Putney Financial Group LLC bought a new stake in shares of Lamb Weston during the 4th quarter worth about $34,000. SBI Securities Co. Ltd. bought a new stake in shares of Lamb Weston during the 4th quarter worth about $36,000. Advantage Trust Co bought a new stake in shares of Lamb Weston during the 4th quarter worth about $53,000. Finally, Allworth Financial LP grew its holdings in Lamb Weston by 16.1% in the 4th quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer’s stock valued at $74,000 after buying an additional 170 shares during the last quarter. Institutional investors own 89.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Stifel Nicolaus set a $56.00 price target on Lamb Weston and gave the stock a “hold” rating in a research report on Thursday, April 24th. Barclays decreased their target price on Lamb Weston from $69.00 to $61.00 and set an “overweight” rating on the stock in a report on Monday, May 12th. Wells Fargo & Company cut their price target on Lamb Weston from $72.00 to $66.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $57.00 target price on shares of Lamb Weston in a research note on Wednesday, March 19th. Finally, Bank of America cut their target price on Lamb Weston from $60.00 to $56.00 and set a “neutral” rating on the stock in a research note on Wednesday. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Lamb Weston has a consensus rating of “Hold” and a consensus target price of $67.73.

Lamb Weston Stock Performance

Shares of Lamb Weston stock opened at $53.20 on Thursday. The company has a market cap of $7.51 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 1.17 and a beta of 0.49. Lamb Weston has a 52 week low of $47.90 and a 52 week high of $85.79. The business has a 50 day moving average price of $53.22 and a 200-day moving average price of $57.93. The company has a quick ratio of 0.58, a current ratio of 1.35 and a debt-to-equity ratio of 2.25.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $0.87 by $0.23. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. Lamb Weston had a return on equity of 27.25% and a net margin of 5.74%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.20 earnings per share. Equities analysts anticipate that Lamb Weston will post 3.1 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.