Dana Investment Advisors Inc. lessened its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 33.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,881 shares of the specialty retailer’s stock after selling 5,008 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Lamb Weston were worth $797,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in LW. Truvestments Capital LLC boosted its position in shares of Lamb Weston by 112.8% during the 1st quarter. Truvestments Capital LLC now owns 432 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 229 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in shares of Lamb Weston during the 2nd quarter worth about $41,000. Burleson & Company LLC bought a new position in shares of Lamb Weston during the 1st quarter worth about $42,000. Mach 1 Financial Group Inc. bought a new position in shares of Lamb Weston during the 2nd quarter worth about $48,000. Finally, CSat Investment Advisory L.P. raised its holdings in shares of Lamb Weston by 28.7% in the 1st quarter. CSat Investment Advisory L.P. now owns 861 shares of the specialty retailer’s stock worth $67,000 after acquiring an additional 192 shares during the last quarter. 85.29% of the stock is currently owned by institutional investors.
A number of research firms recently weighed in on LW. Zacks Investment Research lowered shares of Lamb Weston from a “buy” rating to a “hold” rating and set a $79.00 target price on the stock. in a report on Tuesday, July 20th. Stifel Nicolaus upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and upped their target price for the stock from $80.00 to $89.00 in a report on Wednesday, May 26th. Finally, Jefferies Financial Group upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and upped their target price for the stock from $84.00 to $100.00 in a report on Tuesday, June 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Lamb Weston currently has an average rating of “Buy” and a consensus price target of $89.67.
NYSE:LW opened at $60.88 on Wednesday. The company has a debt-to-equity ratio of 5.63, a quick ratio of 2.05 and a current ratio of 2.88. The firm has a market cap of $8.83 billion, a price-to-earnings ratio of 28.19, a price-to-earnings-growth ratio of 1.46 and a beta of 0.75. Lamb Weston Holdings, Inc. has a 52 week low of $60.34 and a 52 week high of $86.41. The firm has a 50-day moving average price of $68.80 and a two-hundred day moving average price of $76.22.
Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Tuesday, July 27th. The specialty retailer reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.02. Lamb Weston had a net margin of 8.66% and a return on equity of 75.97%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $924.37 million. During the same quarter last year, the business posted ($0.01) EPS. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. As a group, sell-side analysts forecast that Lamb Weston Holdings, Inc. will post 2.51 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 3rd. Stockholders of record on Friday, August 6th were paid a dividend of $0.235 per share. The ex-dividend date was Thursday, August 5th. This represents a $0.94 annualized dividend and a dividend yield of 1.54%. Lamb Weston’s payout ratio is currently 43.52%.
About Lamb Weston
Lamb Weston Holdings, Inc engages in the production, distribution, and marketing of value-added frozen potato products. It operates through the following business segments: Global, Foodservice, Retail, and Other. The Global segment includes branded and private label frozen potato products sold in North America and international markets.
See Also: When is a capital gain realized?
Want to see what other hedge funds are holding LW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lamb Weston Holdings, Inc. (NYSE:LW).
Receive News & Ratings for Lamb Weston Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamb Weston and related companies with MarketBeat.com's FREE daily email newsletter.