Levin Capital Strategies L.P. Acquires Shares of 139,734 Lamb Weston $LW

Levin Capital Strategies L.P. acquired a new stake in Lamb Weston (NYSE:LW) in the 1st quarter, HoldingsChannel reports. The fund acquired 139,734 shares of the specialty retailer’s stock, valued at approximately $5,905,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Lamb Weston during the 4th quarter worth approximately $125,662,000. M&T Bank Corp increased its stake in shares of Lamb Weston by 45,177.0% during the fourth quarter. M&T Bank Corp now owns 2,835,245 shares of the specialty retailer’s stock worth $118,768,000 after purchasing an additional 2,828,983 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Lamb Weston by 27.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,824,690 shares of the specialty retailer’s stock worth $411,558,000 after buying an additional 2,111,874 shares in the last quarter. Ion Asset Management Ltd. purchased a new stake in shares of Lamb Weston during the second quarter worth approximately $84,379,000. Finally, SG Americas Securities LLC increased its position in shares of Lamb Weston by 2,682.3% during the fourth quarter. SG Americas Securities LLC now owns 801,708 shares of the specialty retailer’s stock worth $33,584,000 after purchasing an additional 772,893 shares in the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LW has been the subject of several recent research reports. Barclays increased their price objective on Lamb Weston from $46.00 to $50.00 and gave the company an “overweight” rating in a research note on Tuesday. Stifel Nicolaus reduced their target price on shares of Lamb Weston from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, April 2nd. Stephens initiated coverage on shares of Lamb Weston in a research note on Wednesday, May 27th. They issued an “equal weight” rating and a $46.00 price target on the stock. BNP Paribas Exane decreased their price target on shares of Lamb Weston from $48.00 to $41.00 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Finally, Bank of America dropped their price objective on shares of Lamb Weston from $49.00 to $47.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $49.27.

Lamb Weston Stock Up 1.6%

Shares of NYSE:LW opened at $48.01 on Thursday. Lamb Weston has a 52-week low of $37.62 and a 52-week high of $67.07. The stock has a market cap of $6.63 billion, a P/E ratio of 22.44, a PEG ratio of 6.27 and a beta of 0.47. The business has a fifty day moving average of $44.48 and a two-hundred day moving average of $44.17. The company has a quick ratio of 0.69, a current ratio of 1.46 and a debt-to-equity ratio of 1.99.

About Lamb Weston

Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company’s portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.

Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world’s largest producers of frozen potato products.