Fulcrum Capital LLC Invests $216,000 in Lamb Weston Holdings, Inc. (NYSE:LW)

by · The Cerbat Gem

Fulcrum Capital LLC bought a new position in Lamb Weston Holdings, Inc. (NYSE:LW – Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 2,000 shares of the specialty retailer’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. VisionPoint Advisory Group LLC raised its holdings in Lamb Weston by 113.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 161 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in Lamb Weston in the 2nd quarter worth approximately $29,000. Clear Street Markets LLC grew its position in Lamb Weston by 92.5% in the 1st quarter. Clear Street Markets LLC now owns 283 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 136 shares during the period. Missouri Trust & Investment Co bought a new stake in Lamb Weston in the 2nd quarter worth approximately $31,000. Finally, Parkside Financial Bank & Trust grew its position in Lamb Weston by 330.1% in the 1st quarter. Parkside Financial Bank & Trust now owns 628 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 482 shares during the period. 85.77% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Stock Performance

Lamb Weston stock opened at $102.40 on Monday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.29 and a quick ratio of 0.57. Lamb Weston Holdings, Inc. has a 1-year low of $81.25 and a 1-year high of $117.38. The firm has a market capitalization of $14.78 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 1.16 and a beta of 0.72. The company’s 50-day moving average is $103.94 and its 200 day moving average is $99.45.

Lamb Weston (NYSE:LW – Get Free Report) last issued its earnings results on Thursday, January 4th. The specialty retailer reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.03. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.70 billion. Lamb Weston had a net margin of 17.71% and a return on equity of 63.19%. The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.28 EPS. Research analysts forecast that Lamb Weston Holdings, Inc. will post 5.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LW. Citigroup began coverage on shares of Lamb Weston in a research report on Thursday, February 1st. They set a “buy” rating and a $132.00 price objective for the company. StockNews.com downgraded shares of Lamb Weston from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Wells Fargo & Company started coverage on shares of Lamb Weston in a report on Tuesday, December 12th. They issued an “overweight” rating and a $120.00 target price for the company. Stifel Nicolaus upped their target price on shares of Lamb Weston from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, January 5th. Finally, BNP Paribas started coverage on shares of Lamb Weston in a report on Monday, March 11th. They issued an “outperform” rating and a $128.00 target price for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.20.

Read Our Latest Research Report on Lamb Weston

Lamb Weston Company Profile

(Free Report)

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.

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