Lamb Weston Holdings, Inc. (NYSE:LW) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 3.8% in the fourth quarter, Holdings Channel reports. The firm owned 38,980 shares of the specialty retailer’s stock after purchasing an additional 1,427 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Lamb Weston were worth $4,213,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. VisionPoint Advisory Group LLC grew its stake in Lamb Weston by 113.4% in the third quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 161 shares in the last quarter. Vima LLC acquired a new position in Lamb Weston in the fourth quarter valued at approximately $50,000. Headlands Technologies LLC acquired a new position in Lamb Weston in the fourth quarter valued at approximately $51,000. Benjamin F. Edwards & Company Inc. boosted its stake in Lamb Weston by 864.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 482 shares of the specialty retailer’s stock valued at $52,000 after acquiring an additional 432 shares during the period. Finally, Covestor Ltd boosted its stake in Lamb Weston by 300.6% in the third quarter. Covestor Ltd now owns 1,294 shares of the specialty retailer’s stock valued at $120,000 after acquiring an additional 971 shares during the period. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LW. Wells Fargo & Company decreased 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. Barclays decreased their target price on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a research note on Monday, April 8th. Citigroup decreased their target price on Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a research note on Monday, April 8th. BNP Paribas initiated coverage on Lamb Weston in a research note on Monday, March 11th. They issued an “outperform” rating and a $128.00 target price for the company. Finally, Bank of America cut their price target on Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a report on Friday, April 5th. One analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $117.40.

Lamb Weston Price Performance

Shares of NYSE:LW opened at $84.68 on Wednesday. Lamb Weston Holdings, Inc. has a 12 month low of $77.41 and a 12 month high of $117.38. The stock has a market cap of $12.23 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 1.27 and a beta of 0.75. The stock’s 50 day moving average price is $84.90 and its 200 day moving average price is $96.71. 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 (NYSE:LW) last announced its earnings results on Thursday, April 4th. The specialty retailer reported $1.20 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.20). Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The firm 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. Lamb Weston’s revenue for the quarter was up 16.3% on a year-over-year basis. Equities research analysts anticipate that Lamb Weston Holdings, Inc. will post 5.54 earnings per share for the current fiscal year.

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.