140,836 Shares in Lamb Weston $LW Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new stake in Lamb Weston (NYSE:LW) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 140,836 shares of the specialty retailer’s stock, valued at approximately $5,900,000. Assenagon Asset Management S.A. owned approximately 0.10% of Lamb Weston at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Goodman Financial Corp increased its position in Lamb Weston by 2.7% during the 4th quarter. Goodman Financial Corp now owns 242,066 shares of the specialty retailer’s stock worth $10,140,000 after purchasing an additional 6,470 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Lamb Weston by 22.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 51,139 shares of the specialty retailer’s stock worth $2,123,000 after acquiring an additional 9,450 shares during the last quarter. Hudson Bay Capital Management LP purchased a new position in shares of Lamb Weston in the 3rd quarter worth about $719,000. Allworth Financial LP raised its holdings in shares of Lamb Weston by 40.1% in the 3rd quarter. Allworth Financial LP now owns 1,817 shares of the specialty retailer’s stock worth $106,000 after purchasing an additional 520 shares during the period. Finally, Swiss Life Asset Management Ltd acquired a new position in shares of Lamb Weston in the 3rd quarter valued at about $347,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Insider Activity at Lamb Weston

In related news, insider Jan Eli B. Craps purchased 50,000 shares of Lamb Weston stock in a transaction dated Friday, February 6th. The shares were acquired at an average price 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 approximately $14,595,000. This trade represents a 20.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LW shares. JPMorgan Chase & Co. decreased their target price on Lamb Weston from $50.00 to $44.00 and set a “neutral” rating for the company in a report on Tuesday, March 24th. Zacks Research raised shares of Lamb Weston from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Sanford C. Bernstein reiterated a “market perform” rating and set a $46.00 price objective on shares of Lamb Weston in a research note on Monday, December 29th. Jefferies Financial Group increased their price objective on shares of Lamb Weston from $67.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Finally, Stifel Nicolaus cut their target price on shares of Lamb Weston from $63.00 to $50.00 and set a “hold” rating on the stock in a research note on Monday, December 22nd. Three investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Lamb Weston has a consensus rating of “Hold” and a consensus price target of $52.40.

Lamb Weston Stock Up 1.8%

Shares of NYSE:LW opened at $41.58 on Friday. The firm has a market cap of $5.77 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 6.05 and a beta of 0.43. The company has a fifty day simple moving average of $45.41 and a 200 day simple moving average of $52.31. The company has a current ratio of 1.43, a quick ratio of 0.64 and a debt-to-equity ratio of 2.08. Lamb Weston has a 12-month low of $39.60 and a 12-month high of $67.07.

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.