Graphene Investments SAS Purchases Shares of 33,500 Lamb Weston Holdings, Inc. (NYSE:LW)

Graphene Investments SAS acquired a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 33,500 shares of the specialty retailer’s stock, valued at approximately $3,569,000. Lamb Weston comprises 2.2% of Graphene Investments SAS’s investment portfolio, making the stock its 11th largest holding.

Other hedge funds have also bought and sold shares of the company. WFA Asset Management Corp raised its position in shares of Lamb Weston by 248.6% in the first quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 174 shares during the period. VisionPoint Advisory Group LLC raised its holdings in Lamb Weston by 113.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 161 shares during the period. Vima LLC bought a new position in Lamb Weston in the 4th quarter valued at about $50,000. Headlands Technologies LLC acquired a new stake in Lamb Weston during the fourth quarter worth approximately $51,000. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Lamb Weston by 864.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 482 shares of the specialty retailer’s stock worth $52,000 after acquiring an additional 432 shares during the period. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Barclays dropped their price target on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a report on Monday, April 8th. Bank of America decreased their price target on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Stifel Nicolaus dropped their price objective on shares of Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Citigroup lowered their target price on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a report on Monday, April 8th. Finally, BNP Paribas started coverage on shares of Lamb Weston in a research report on Monday, March 11th. They issued 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 issued a buy rating to the company’s stock. According to data from MarketBeat, Lamb Weston currently has a consensus rating of “Moderate Buy” and an average price target of $117.40.

Lamb Weston Price Performance

LW traded down $0.02 during trading on Wednesday, hitting $82.72. 857,895 shares of the stock traded hands, compared to its average volume of 2,121,815. The business has a 50 day moving average price of $85.48 and a 200 day moving average price of $95.39. The company has a market cap of $11.94 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 1.38 and a beta of 0.74. Lamb Weston Holdings, Inc. has a twelve month low of $77.41 and a twelve month high of $117.38. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.19 and a quick ratio of 0.52.

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

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.