Wayfinding Financial LLC Makes New $28,000 Investment in Lamb Weston (NYSE:LW)

Wayfinding Financial LLC purchased a new position in shares of Lamb Weston (NYSE:LW) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 529 shares of the specialty retailer’s stock, valued at approximately $28,000.

Several other hedge funds have also recently added to or reduced their stakes in LW. Jones Financial Companies Lllp raised its holdings in Lamb Weston by 63.5% during the 4th quarter. Jones Financial Companies Lllp now owns 4,971 shares of the specialty retailer’s stock worth $332,000 after purchasing an additional 1,931 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Lamb Weston during the 4th quarter worth approximately $36,000. Steward Partners Investment Advisory LLC grew its position in shares of Lamb Weston by 2.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 16,251 shares of the specialty retailer’s stock worth $1,086,000 after buying an additional 317 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Lamb Weston by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer’s stock worth $82,174,000 after buying an additional 16,092 shares during the period. Finally, Assetmark Inc. grew its position in shares of Lamb Weston by 2,050.3% during the 4th quarter. Assetmark Inc. now owns 3,161 shares of the specialty retailer’s stock worth $211,000 after buying an additional 3,014 shares during the period. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Performance

NYSE LW opened at $52.36 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 0.58 and a debt-to-equity ratio of 2.25. The company has a fifty day simple moving average of $53.14 and a 200 day simple moving average of $55.55. Lamb Weston has a 12-month low of $47.90 and a 12-month high of $83.98. The company has a market cap of $7.39 billion, a P/E ratio of 20.53, a PEG ratio of 1.13 and a beta of 0.46.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wall Street Zen raised shares of Lamb Weston from a “sell” rating to a “hold” rating in a research report on Thursday, May 8th. Jefferies Financial Group reduced their price objective on shares of Lamb Weston from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $57.00 price objective on shares of Lamb Weston in a research report on Wednesday, March 19th. Stifel Nicolaus set a $56.00 price objective on shares of Lamb Weston and gave the stock a “hold” rating in a research report on Thursday, April 24th. Finally, Wells Fargo & Company reduced their price objective on shares of Lamb Weston from $72.00 to $66.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $67.73.

About Lamb Weston

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.