Gallacher Capital Management LLC Makes New Investment in Lamb Weston $LW

Gallacher Capital Management LLC purchased a new stake in Lamb Weston (NYSE:LW) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,057 shares of the specialty retailer’s stock, valued at approximately $763,000.

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on LW. Barclays cut their price objective on Lamb Weston from $55.00 to $46.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Lamb Weston in a report on Wednesday, July 8th. Wells Fargo & Company lifted their target price on shares of Lamb Weston from $46.00 to $54.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Lamb Weston from $46.00 to $40.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Lamb Weston from $43.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Lamb Weston has a consensus rating of “Hold” and a consensus price target of $48.91.

Lamb Weston Trading Up 2.9%

NYSE:LW opened at $46.85 on Friday. The stock has a market cap of $6.47 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 6.05 and a beta of 0.47. Lamb Weston has a fifty-two week low of $37.62 and a fifty-two week high of $67.07. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.46 and a quick ratio of 0.69. The stock’s 50-day moving average is $44.02 and its two-hundred day moving average is $44.02.

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.