Lamb Weston Holdings, Inc. (NYSE:LW) Stock Holdings Lessened by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. reduced its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 37.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,134 shares of the specialty retailer’s stock after selling 666 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Lamb Weston were worth $121,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LW. Mutual of America Capital Management LLC boosted its stake in shares of Lamb Weston by 84.6% during the 4th quarter. Mutual of America Capital Management LLC now owns 37,844 shares of the specialty retailer’s stock worth $4,091,000 after acquiring an additional 17,344 shares in the last quarter. Game Plan Financial Advisors LLC bought a new position in shares of Lamb Weston in the first quarter valued at approximately $1,579,000. Stifel Financial Corp lifted its stake in shares of Lamb Weston by 51.7% in the fourth quarter. Stifel Financial Corp now owns 164,922 shares of the specialty retailer’s stock worth $17,827,000 after buying an additional 56,180 shares during the last quarter. Douglas Lane & Associates LLC boosted its holdings in shares of Lamb Weston by 11.5% during the 1st quarter. Douglas Lane & Associates LLC now owns 635,782 shares of the specialty retailer’s stock worth $67,730,000 after buying an additional 65,555 shares during the period. Finally, Boston Partners grew its stake in Lamb Weston by 12.5% in the 4th quarter. Boston Partners now owns 94,591 shares of the specialty retailer’s stock valued at $10,225,000 after buying an additional 10,477 shares during the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a research report on Friday, April 5th. Barclays cut their price target on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a report on Monday, April 8th. Bank of America dropped 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 report on Friday, April 5th. BNP Paribas began coverage on shares of Lamb Weston in a report on Monday, March 11th. They issued an “outperform” rating and a $128.00 price target for the company. Finally, Citigroup dropped their price objective on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $117.40.

Lamb Weston Price Performance

NYSE LW traded down $0.67 during trading on Tuesday, reaching $82.07. 650,944 shares of the company traded hands, compared to its average volume of 2,118,836. Lamb Weston Holdings, Inc. has a 1-year low of $77.41 and a 1-year high of $117.38. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.52 and a current ratio of 1.19. The stock’s 50 day moving average price is $85.50 and its two-hundred day moving average price is $95.54. The company has a market cap of $11.85 billion, a price-to-earnings ratio of 10.94, a P/E/G ratio of 1.38 and a beta of 0.74.

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