Security National Bank Has $646,000 Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

Security National Bank grew its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 90.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,068 shares of the specialty retailer’s stock after purchasing an additional 2,881 shares during the period. Security National Bank’s holdings in Lamb Weston were worth $646,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AdvisorNet Financial Inc lifted its holdings in shares of Lamb Weston by 49.7% during the 1st quarter. AdvisorNet Financial Inc now owns 1,865 shares of the specialty retailer’s stock worth $199,000 after acquiring an additional 619 shares during the period. Northwest Investment Counselors LLC bought a new position in shares of Lamb Weston in the first quarter worth about $71,000. Game Plan Financial Advisors LLC bought a new position in shares of Lamb Weston in the first quarter worth about $1,579,000. Ballentine Partners LLC raised its stake in shares of Lamb Weston by 14.9% in the first quarter. Ballentine Partners LLC now owns 3,703 shares of the specialty retailer’s stock worth $394,000 after acquiring an additional 481 shares during the last quarter. Finally, Bright Rock Capital Management LLC bought a new position in shares of Lamb Weston in the first quarter worth about $2,131,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Trading Down 1.2 %

NYSE LW traded down $1.02 during trading on Wednesday, reaching $84.14. 681,913 shares of the stock traded hands, compared to its average volume of 2,101,111. The company has a quick ratio of 0.52, a current ratio of 1.19 and a debt-to-equity ratio of 1.81. Lamb Weston Holdings, Inc. has a fifty-two week low of $77.41 and a fifty-two week high of $117.38. The stock’s 50-day moving average price is $85.29 and its 200 day moving average price is $96.12. The firm has a market cap of $12.15 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 1.40 and a beta of 0.75.

Lamb Weston (NYSE:LW) last posted its earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.20). The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.65 billion. Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The business’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.43 EPS. Analysts predict that Lamb Weston Holdings, Inc. will post 5.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LW. Citigroup dropped their target price on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a research note on Monday, April 8th. Bank of America lowered their price target 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 lowered their price target on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a research report on Friday, April 5th. Barclays lowered their price target on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Monday, April 8th. Finally, BNP Paribas started coverage on shares of Lamb Weston in a research report on Monday, March 11th. They set an “outperform” rating and a $128.00 price target for the company. One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.40.

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.