Graphene Investments SAS Takes Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Graphene Investments SAS bought a new stake in Lamb Weston Holdings, Inc. (NYSE:LW) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 33,500 shares of the specialty retailer’s stock, valued at approximately $3,569,000. Lamb Weston comprises approximately 2.2% of Graphene Investments SAS’s portfolio, making the stock its 11th largest position.

Other institutional investors also recently bought and sold shares of the company. WFA Asset Management Corp raised its stake in shares of Lamb Weston by 248.6% during the first quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 174 shares during the last quarter. VisionPoint Advisory Group LLC increased its holdings in Lamb Weston by 113.4% during the 3rd 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 raised its position 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 valued at $432,000 after purchasing an additional 402 shares during the last quarter. Vima LLC purchased a new stake in Lamb Weston in the 4th quarter worth approximately $50,000. Finally, Headlands Technologies LLC bought a new stake in shares of Lamb Weston in the 4th quarter worth approximately $51,000. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on LW shares. 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 note on Friday, April 5th. Bank of America dropped their target price on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Wells Fargo & Company reduced their price target on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a research report on Friday, April 5th. Citigroup lowered their price objective 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. Finally, BNP Paribas started coverage on Lamb Weston in a report on Monday, March 11th. They set an “outperform” rating and a $128.00 target price on the stock. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lamb Weston presently has an average rating of “Moderate Buy” and an average target price of $117.40.

Lamb Weston Stock Down 0.0 %

Shares of LW traded down $0.02 during mid-day trading on Wednesday, reaching $82.72. The company had a trading volume of 857,895 shares, compared to its average volume of 2,121,815. Lamb Weston Holdings, Inc. has a 52 week low of $77.41 and a 52 week 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 company has a market capitalization of $11.94 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 1.38 and a beta of 0.74. The firm has a 50-day moving average price of $85.48 and a 200 day moving average price of $95.39.

Lamb Weston (NYSE:LW) last released its earnings results on Thursday, April 4th. The specialty retailer reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.20). The company had revenue of $1.46 billion during 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 company’s revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.43 earnings per share. On average, sell-side analysts forecast that Lamb Weston Holdings, Inc. will post 5.54 EPS for the current year.

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.