Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC lessened its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 35.9% in the third quarter, Holdings Channel.com reports. The firm owned 26,069 shares of the specialty retailer’s stock after selling 14,615 shares during the period. Pathstone Holdings LLC’s holdings in Lamb Weston were worth $1,688,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. City State Bank raised its stake in shares of Lamb Weston by 56.2% in the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. Crewe Advisors LLC raised its stake in Lamb Weston by 357.5% during the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 261 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in Lamb Weston during the 3rd quarter worth approximately $29,000. GAMMA Investing LLC grew its position in shares of Lamb Weston by 135.8% in the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 220 shares in the last quarter. Finally, Riverview Trust Co bought a new stake in shares of Lamb Weston in the 3rd quarter valued at approximately $35,000. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LW has been the topic of several research analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and set a $68.00 price objective (up from $63.00) on shares of Lamb Weston in a research note on Monday, October 7th. Stifel Nicolaus raised their price target on shares of Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Bank of America lifted their price target on shares of Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Wells Fargo & Company increased their price objective on shares of Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, October 3rd. Finally, Citigroup raised their target price on shares of Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Lamb Weston presently has a consensus rating of “Hold” and a consensus price target of $82.22.

Lamb Weston Trading Down 0.2 %

Lamb Weston stock opened at $76.71 on Thursday. The firm has a 50-day moving average price of $73.57 and a two-hundred day moving average price of $73.76. Lamb Weston Holdings, Inc. has a 52-week low of $52.99 and a 52-week high of $111.88. The firm has a market capitalization of $10.94 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 1.37 and a beta of 0.72. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the company posted $1.63 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. Sell-side analysts expect that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Friday, November 1st. Lamb Weston’s dividend payout ratio is currently 33.80%.

About Lamb Weston

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.