DekaBank Deutsche Girozentrale Has $6.86 Million Stake in Lamb Weston (NYSE:LW)

DekaBank Deutsche Girozentrale raised its position in shares of Lamb Weston (NYSE:LW) by 13.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 128,407 shares of the specialty retailer’s stock after buying an additional 14,850 shares during the period. DekaBank Deutsche Girozentrale owned about 0.09% of Lamb Weston worth $6,858,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of LW. Putney Financial Group LLC bought a new stake in shares of Lamb Weston during the fourth quarter valued at approximately $34,000. Wayfinding Financial LLC bought a new stake in shares of Lamb Weston during the first quarter valued at approximately $28,000. Whipplewood Advisors LLC grew its stake in shares of Lamb Weston by 3,466.7% during the first quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 520 shares during the last quarter. CX Institutional bought a new stake in shares of Lamb Weston during the first quarter valued at approximately $48,000. Finally, Acuitas Investments LLC grew its stake in shares of Lamb Weston by 239.3% during the first quarter. Acuitas Investments LLC now owns 950 shares of the specialty retailer’s stock valued at $51,000 after purchasing an additional 670 shares during the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Wall Street Analysts Forecast Growth

LW has been the topic of several research analyst reports. Wells Fargo & Company decreased their price target on shares of Lamb Weston from $70.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday. Jefferies Financial Group reduced their price objective on shares of Lamb Weston from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Wall Street Zen raised shares of Lamb Weston from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th. Stifel Nicolaus set a $56.00 price objective on shares of Lamb Weston and gave the company a “hold” rating in a research note on Thursday, April 24th. Finally, Barclays reduced their price objective on shares of Lamb Weston from $69.00 to $61.00 and set an “overweight” rating on the stock in a research note on Monday, May 12th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Lamb Weston currently has a consensus rating of “Hold” and an average price target of $67.64.

Lamb Weston Trading Down 0.2%

Shares of NYSE LW opened at $51.30 on Friday. The company’s fifty day moving average is $53.09 and its 200-day moving average is $55.35. The stock has a market cap of $7.24 billion, a price-to-earnings ratio of 20.12, a P/E/G ratio of 1.14 and a beta of 0.46. Lamb Weston has a twelve month low of $47.90 and a twelve month high of $83.98. The company has a quick ratio of 0.58, a current ratio of 1.35 and a debt-to-equity ratio of 2.25.

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.