16,620 Shares in Lamb Weston $LW Purchased by Saxon Interests Inc.

Saxon Interests Inc. acquired a new stake in Lamb Weston (NYSE:LW) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 16,620 shares of the specialty retailer’s stock, valued at approximately $702,000.

Several other hedge funds have also recently modified their holdings of LW. MCF Advisors LLC grew its holdings in shares of Lamb Weston by 44.2% in the fourth quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 199 shares in the last quarter. Hantz Financial Services Inc. boosted its position in Lamb Weston by 380.7% in the fourth quarter. Hantz Financial Services Inc. now owns 721 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 571 shares during the last quarter. Transamerica Financial Advisors LLC boosted its position in Lamb Weston by 121.1% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,130 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 619 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in Lamb Weston in the 4th quarter valued at $48,000. Finally, SJS Investment Consulting Inc. grew its stake in Lamb Weston by 4,512.0% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,153 shares of the specialty retailer’s stock valued at $49,000 after purchasing an additional 1,128 shares during the period. Institutional investors own 89.56% of the company’s stock.

Insider Buying and Selling at Lamb Weston

In other Lamb Weston news, Director Jana Partners Management, Lp purchased 100,000 shares of the stock in a transaction dated Monday, April 13th. The shares were bought at an average price of $42.12 per share, with a total value of $4,212,000.00. Following the completion of the transaction, the director directly owned 5,348,980 shares in the company, valued at approximately $225,299,037.60. This trade represents a 1.91% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.29% of the stock is owned by insiders.

Lamb Weston Trading Up 1.0%

Shares of Lamb Weston stock opened at $46.56 on Wednesday. Lamb Weston has a 52-week low of $37.62 and a 52-week high of $67.07. The stock’s 50-day simple moving average is $43.58 and its 200 day simple moving average is $43.96. The stock has a market capitalization of $6.43 billion, a P/E ratio of 21.76, a P/E/G ratio of 6.14 and a beta of 0.47. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.69 and a current ratio of 1.46.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LW. BNP Paribas Exane lowered their target price on Lamb Weston from $48.00 to $41.00 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Wells Fargo & Company reduced their price target on shares of Lamb Weston from $54.00 to $46.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. Stifel Nicolaus lowered their price objective on shares of Lamb Weston from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Thursday, April 2nd. Stephens started coverage on shares of Lamb Weston in a research note on Wednesday, May 27th. They issued an “equal weight” rating and a $46.00 target price on the stock. Finally, Barclays decreased their price target on shares of Lamb Weston from $55.00 to $46.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $47.82.

Lamb Weston Company Profile

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.