Gallacher Capital Management LLC Takes Position in Lamb Weston $LW

Gallacher Capital Management LLC purchased a new position in Lamb Weston (NYSE:LW) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 18,057 shares of the specialty retailer’s stock, valued at approximately $763,000.

A number of other institutional investors have also recently bought and sold shares of LW. Norges Bank purchased a new position in Lamb Weston in the fourth quarter valued at about $125,662,000. M&T Bank Corp raised its stake in shares of Lamb Weston by 45,177.0% during the 4th quarter. M&T Bank Corp now owns 2,835,245 shares of the specialty retailer’s stock worth $118,768,000 after purchasing an additional 2,828,983 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Lamb Weston by 27.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,824,690 shares of the specialty retailer’s stock valued at $411,558,000 after buying an additional 2,111,874 shares during the last quarter. Ion Asset Management Ltd. acquired a new stake in shares of Lamb Weston during the 2nd quarter valued at about $84,379,000. Finally, SG Americas Securities LLC grew its stake in shares of Lamb Weston by 2,682.3% in the 4th quarter. SG Americas Securities LLC now owns 801,708 shares of the specialty retailer’s stock valued at $33,584,000 after buying an additional 772,893 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Stock Up 2.9%

Lamb Weston stock opened at $46.85 on Friday. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 21.89, a P/E/G ratio of 6.05 and a beta of 0.47. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.46 and a quick ratio of 0.69. Lamb Weston has a fifty-two week low of $37.62 and a fifty-two week high of $67.07. The firm has a fifty day moving average price of $44.02 and a two-hundred day moving average price of $44.02.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LW. Bank of America dropped their price objective on Lamb Weston from $49.00 to $47.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. BNP Paribas Exane reduced their target price on shares of Lamb Weston from $48.00 to $41.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Stephens started coverage on shares of Lamb Weston in a research report on Wednesday, May 27th. They issued an “equal weight” rating and a $46.00 target price for the company. JPMorgan Chase & Co. increased their price target on shares of Lamb Weston from $43.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Finally, Barclays cut their price target on shares of Lamb Weston from $55.00 to $46.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $48.91.

Lamb Weston Company Profile

Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company’s portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.

Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world’s largest producers of frozen potato products.