Fluent Financial LLC Purchases Shares of 36,401 Lamb Weston $LW

Fluent Financial LLC acquired a new position in shares of Lamb Weston (NYSE:LW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,401 shares of the specialty retailer’s stock, valued at approximately $1,525,000.

Other institutional investors have also added to or reduced their stakes in the company. Bank of Nova Scotia boosted its stake in Lamb Weston by 2.0% in the 3rd quarter. Bank of Nova Scotia now owns 9,685 shares of the specialty retailer’s stock worth $563,000 after purchasing an additional 189 shares during the period. Banque de Luxembourg S.A. raised its stake in shares of Lamb Weston by 13.6% in the 3rd quarter. Banque de Luxembourg S.A. now owns 1,772 shares of the specialty retailer’s stock valued at $103,000 after purchasing an additional 212 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Lamb Weston by 6.5% in the third quarter. EverSource Wealth Advisors LLC now owns 3,718 shares of the specialty retailer’s stock valued at $216,000 after purchasing an additional 228 shares in the last quarter. AlphaQuest LLC lifted its holdings in shares of Lamb Weston by 115.5% in the third quarter. AlphaQuest LLC now owns 446 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 239 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its position in shares of Lamb Weston by 4.4% during the third quarter. Global Retirement Partners LLC now owns 6,056 shares of the specialty retailer’s stock worth $352,000 after buying an additional 256 shares during the period. 89.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Barclays dropped their target price on Lamb Weston from $68.00 to $55.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 23rd. Bank of America decreased their price target on shares of Lamb Weston from $66.00 to $53.00 and set a “neutral” rating for the company in a research note on Monday, December 22nd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Lamb Weston from $61.00 to $49.00 and set a “hold” rating on the stock in a report on Monday, December 22nd. TD Cowen reduced their target price on shares of Lamb Weston from $60.00 to $55.00 and set a “hold” rating for the company in a report on Monday, December 22nd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Lamb Weston in a research report on Monday, December 29th. Three analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Lamb Weston currently has a consensus rating of “Hold” and a consensus price target of $52.40.

Insiders Place Their Bets

In other news, insider Jan Eli B. Craps purchased 50,000 shares of the company’s stock in a transaction on Friday, February 6th. The shares were purchased at an average cost of $48.65 per share, with a total value of $2,432,500.00. Following the completion of the transaction, the insider owned 300,000 shares of the company’s stock, valued at $14,595,000. The trade was a 20.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.29% of the company’s stock.

Lamb Weston Trading Up 1.8%

Shares of Lamb Weston stock opened at $41.58 on Friday. Lamb Weston has a 12-month low of $39.60 and a 12-month high of $67.07. The stock has a market cap of $5.77 billion, a P/E ratio of 14.96, a P/E/G ratio of 6.05 and a beta of 0.43. The company has a quick ratio of 0.64, a current ratio of 1.43 and a debt-to-equity ratio of 2.08. The business’s 50 day moving average is $45.41 and its 200-day moving average is $52.31.

Lamb Weston 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.