SG Americas Securities LLC Acquires 772,893 Shares of Lamb Weston $LW

SG Americas Securities LLC grew its stake in shares of Lamb Weston (NYSE:LW) by 2,682.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 801,708 shares of the specialty retailer’s stock after acquiring an additional 772,893 shares during the period. SG Americas Securities LLC’s holdings in Lamb Weston were worth $33,584,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Royal Bank of Canada grew its position in shares of Lamb Weston by 29.4% in the first quarter. Royal Bank of Canada now owns 185,038 shares of the specialty retailer’s stock valued at $9,862,000 after purchasing an additional 42,039 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Lamb Weston by 3.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,355 shares of the specialty retailer’s stock worth $872,000 after purchasing an additional 549 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Lamb Weston by 26.8% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 31,057 shares of the specialty retailer’s stock worth $1,610,000 after purchasing an additional 6,559 shares in the last quarter. Legal & General Group Plc boosted its stake in Lamb Weston by 6.8% in the 2nd quarter. Legal & General Group Plc now owns 273,597 shares of the specialty retailer’s stock worth $14,186,000 after purchasing an additional 17,391 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Lamb Weston by 78.8% in the 2nd quarter. Franklin Resources Inc. now owns 26,114 shares of the specialty retailer’s stock worth $1,354,000 after purchasing an additional 11,511 shares during the period. 89.56% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LW has been the topic of several analyst reports. JPMorgan Chase & Co. decreased their price target on Lamb Weston from $50.00 to $44.00 and set a “neutral” rating on the stock in a research report on Tuesday. Zacks Research upgraded shares of Lamb Weston from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. TD Cowen reduced their price objective on shares of Lamb Weston from $60.00 to $55.00 and set a “hold” rating for the company in a research note on Monday, December 22nd. Stifel Nicolaus decreased their target price on shares of Lamb Weston from $63.00 to $50.00 and set a “hold” rating on the stock in a report on Monday, December 22nd. Finally, Jefferies Financial Group increased their target price on shares of Lamb Weston from $67.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Three investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $52.40.

Lamb Weston Price Performance

Shares of Lamb Weston stock opened at $41.77 on Thursday. The firm has a market capitalization of $5.80 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 6.02 and a beta of 0.43. The company has a current ratio of 1.43, a quick ratio of 0.64 and a debt-to-equity ratio of 2.08. Lamb Weston has a 12 month low of $39.60 and a 12 month high of $67.07. The business’s 50-day moving average price is $45.51 and its 200-day moving average price is $52.53.

Insider Transactions at Lamb Weston

In other Lamb Weston news, insider Jan Eli B. Craps purchased 50,000 shares of Lamb Weston stock in a transaction on Friday, February 6th. The shares were acquired at an average cost of $48.65 per share, for a total transaction of $2,432,500.00. Following the completion of the transaction, the insider directly owned 300,000 shares of the company’s stock, valued at approximately $14,595,000. The trade was a 20.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

Lamb Weston 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.