Bright Rock Capital Management LLC Makes New Investment in Lamb Weston Holdings, Inc. (NYSE:LW)

Bright Rock Capital Management LLC purchased a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,000 shares of the specialty retailer’s stock, valued at approximately $2,131,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. lifted its stake in shares of Lamb Weston by 15.1% during the fourth quarter. Franklin Resources Inc. now owns 1,842,751 shares of the specialty retailer’s stock worth $199,183,000 after purchasing an additional 241,848 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Lamb Weston by 6.7% in the third quarter. Northern Trust Corp now owns 1,473,873 shares of the specialty retailer’s stock worth $136,274,000 after acquiring an additional 93,127 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Lamb Weston by 15.5% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,466,175 shares of the specialty retailer’s stock valued at $135,563,000 after buying an additional 197,094 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Lamb Weston by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,167,446 shares of the specialty retailer’s stock valued at $126,189,000 after buying an additional 21,981 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Lamb Weston by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 998,572 shares of the specialty retailer’s stock valued at $107,936,000 after buying an additional 27,253 shares during the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Price Performance

Shares of NYSE:LW traded up $2.36 on Friday, reaching $84.85. 3,053,405 shares of the company traded hands, compared to its average volume of 1,363,589. The company’s 50 day moving average is $85.12 and its 200-day moving average is $96.38. 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 Holdings, Inc. has a fifty-two week low of $77.41 and a fifty-two week high of $117.38. The stock has a market capitalization of $12.25 billion, a PE ratio of 11.33, a P/E/G ratio of 1.35 and a beta of 0.75.

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

Wall Street Analysts Forecast Growth

LW has been the subject of several recent research reports. BNP Paribas initiated coverage on Lamb Weston in a report on Monday, March 11th. They set an “outperform” rating and a $128.00 target price for the company. Wells Fargo & Company decreased their price objective on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a report on Friday, April 5th. Barclays cut their target price on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Monday, April 8th. Stifel Nicolaus cut their target price 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. Finally, Bank of America cut their target price on Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $117.40.

Lamb Weston Profile

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.