American International Group Inc. Has $4.36 Million Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

American International Group Inc. lowered its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 1.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 40,345 shares of the specialty retailer’s stock after selling 506 shares during the period. American International Group Inc.’s holdings in Lamb Weston were worth $4,361,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. EP Wealth Advisors LLC boosted its stake in Lamb Weston by 16.9% during the 4th quarter. EP Wealth Advisors LLC now owns 3,275 shares of the specialty retailer’s stock valued at $354,000 after purchasing an additional 473 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in shares of Lamb Weston by 20.5% in the 4th quarter. V Square Quantitative Management LLC now owns 3,549 shares of the specialty retailer’s stock worth $384,000 after buying an additional 604 shares during the last quarter. Optimist Retirement Group LLC purchased a new position in shares of Lamb Weston in the 4th quarter worth approximately $252,000. Bayberry Capital Partners LP purchased a new position in shares of Lamb Weston in the 4th quarter worth approximately $24,320,000. Finally, C M Bidwell & Associates Ltd. boosted its stake in shares of Lamb Weston by 38.8% in the 4th quarter. C M Bidwell & Associates Ltd. now owns 3,272 shares of the specialty retailer’s stock worth $354,000 after buying an additional 915 shares during the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on LW shares. Barclays cut their target price on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating on the stock in a research note on Monday, April 8th. Stifel Nicolaus cut 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. BNP Paribas initiated coverage on shares of Lamb Weston in a report on Monday, March 11th. They issued an “outperform” rating and a $128.00 price target on the stock. Wells Fargo & Company lowered their price target on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a report on Friday, April 5th. Finally, Bank of America lowered their price target on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $117.40.

Lamb Weston Trading Up 2.9 %

Shares of LW stock opened at $84.85 on Friday. The company’s fifty day simple moving average is $85.12 and its two-hundred day simple moving average is $96.38. 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 Holdings, Inc. has a 1 year low of $77.41 and a 1 year high of $117.38. The stock has a market capitalization of $12.25 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 1.35 and a beta of 0.75.

Lamb Weston (NYSE:LW) last issued 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). Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the firm earned $1.43 EPS. The company’s revenue was up 16.3% compared to the same quarter last year. As a group, analysts anticipate that Lamb Weston Holdings, Inc. will post 5.54 earnings per share for the current year.

Lamb Weston Company 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.