6,732 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. bought a new stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,732 shares of the specialty retailer's stock, valued at approximately $436,000.

A number of other hedge funds have also recently added to or reduced their stakes in LW. Norden Group LLC bought a new position in shares of Lamb Weston during the first quarter valued at $245,000. Envestnet Portfolio Solutions Inc. raised its stake in shares of Lamb Weston by 9.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 22,480 shares of the specialty retailer's stock valued at $2,395,000 after acquiring an additional 1,885 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Lamb Weston during the first quarter valued at $810,000. SG Americas Securities LLC raised its stake in shares of Lamb Weston by 192.9% during the first quarter. SG Americas Securities LLC now owns 32,703 shares of the specialty retailer's stock valued at $3,484,000 after acquiring an additional 21,536 shares during the last quarter. Finally, Forsta AP Fonden raised its stake in shares of Lamb Weston by 32.5% during the first quarter. Forsta AP Fonden now owns 61,500 shares of the specialty retailer's stock valued at $6,552,000 after acquiring an additional 15,100 shares during the last quarter. Institutional investors and hedge funds own 89.56% of the company's stock.

Lamb Weston Stock Performance

LW stock traded down $0.08 during mid-day trading on Monday, hitting $81.12. The company had a trading volume of 1,197,787 shares, compared to its average volume of 2,515,507. The firm has a market cap of $11.57 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 1.45 and a beta of 0.72. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $111.88. The stock's fifty day moving average price is $70.44 and its two-hundred day moving average price is $74.28.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The company's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 earnings per share. On average, analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston's dividend payout ratio (DPR) is currently 33.80%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LW. Bank of America lifted their target price on shares of Lamb Weston from $68.00 to $80.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st. TD Cowen lifted their target price on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a "hold" rating in a research note on Tuesday, September 24th. Wells Fargo & Company lifted their target price 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. Stifel Nicolaus lifted their target price on shares of Lamb Weston from $65.00 to $80.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $68.00 price target (up from $63.00) on shares of Lamb Weston in a research note on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $82.22.

Lamb Weston Profile

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.