Montag A & Associates Inc. Purchases 3,017 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Montag A & Associates Inc. increased its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 107.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,817 shares of the specialty retailer’s stock after acquiring an additional 3,017 shares during the period. Montag A & Associates Inc.’s holdings in Lamb Weston were worth $620,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WFA Asset Management Corp increased its holdings in shares of Lamb Weston by 248.6% in the 1st quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after buying an additional 174 shares during the last quarter. VisionPoint Advisory Group LLC grew its holdings in shares of Lamb Weston by 113.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 161 shares during the last quarter. Redmont Wealth Advisors LLC bought a new position in shares of Lamb Weston during the first quarter valued at about $32,000. Vima LLC purchased a new stake in Lamb Weston during the 4th quarter valued at about $50,000. Finally, Headlands Technologies LLC bought a new position in Lamb Weston during the 4th quarter worth approximately $51,000. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Down 1.8 %

LW stock traded down $1.42 during trading on Monday, hitting $77.53. 549,935 shares of the stock traded hands, compared to its average volume of 2,131,181. The firm’s 50 day moving average is $84.86 and its two-hundred day moving average is $93.96. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.19 and a quick ratio of 0.52. The stock has a market cap of $11.19 billion, a price-to-earnings ratio of 10.54, a price-to-earnings-growth ratio of 1.29 and a beta of 0.74. Lamb Weston Holdings, Inc. has a 1 year low of $76.67 and a 1 year high of $117.38.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Citigroup cut their target price on shares of Lamb Weston from $106.00 to $104.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Bank of America lowered their price target on Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Stifel Nicolaus reduced their target price on Lamb Weston from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Barclays cut their price objective on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating on the stock in a research report on Monday, April 8th. Finally, Wells Fargo & Company lowered their target price on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.20.

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.