Romano Brothers AND Company Has $1.67 Million Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Romano Brothers AND Company grew its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,628 shares of the specialty retailer’s stock after purchasing an additional 311 shares during the quarter. Romano Brothers AND Company’s holdings in Lamb Weston were worth $1,665,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. VisionPoint Advisory Group LLC grew its position in shares of Lamb Weston by 113.4% in the third 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. Vima LLC acquired a new stake in Lamb Weston during the fourth quarter worth about $50,000. Headlands Technologies LLC acquired a new stake in Lamb Weston during the fourth quarter worth about $51,000. Benjamin F. Edwards & Company Inc. grew its position in 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 buying an additional 432 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in Lamb Weston during the first quarter worth about $63,000. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Stock Performance

NYSE:LW opened at $84.08 on Friday. Lamb Weston Holdings, Inc. has a 1 year low of $77.41 and a 1 year high of $117.38. The firm has a 50 day moving average of $85.48 and a 200-day moving average of $95.77. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $12.14 billion, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 1.38 and a beta of 0.75.

Lamb Weston (NYSE:LW) last posted 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 firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the firm posted $1.43 EPS. The business’s revenue was up 16.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 5.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LW has been the topic of a number of recent research reports. Barclays decreased their target price 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. Stifel Nicolaus decreased their price objective on Lamb Weston from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Citigroup decreased their price objective on Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a report on Monday, April 8th. Bank of America decreased their price objective on Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Finally, Wells Fargo & Company decreased their price objective on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a report on Friday, April 5th. One analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Lamb Weston presently has an average rating of “Moderate Buy” and an average price target of $117.40.

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.