ArrowMark Colorado Holdings LLC Sells 192,686 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

ArrowMark Colorado Holdings LLC decreased its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 73.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 71,396 shares of the specialty retailer's stock after selling 192,686 shares during the quarter. ArrowMark Colorado Holdings LLC owned about 0.05% of Lamb Weston worth $4,622,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Benjamin Edwards Inc. bought a new position in Lamb Weston during the third quarter worth $282,000. Scopia Capital Management LP raised its position in shares of Lamb Weston by 6.0% in the 3rd quarter. Scopia Capital Management LP now owns 182,683 shares of the specialty retailer's stock worth $11,827,000 after acquiring an additional 10,271 shares in the last quarter. Southpoint Capital Advisors LP acquired a new position in shares of Lamb Weston in the 3rd quarter valued at about $129,480,000. Verition Fund Management LLC boosted its position in shares of Lamb Weston by 2,198.4% during the 3rd quarter. Verition Fund Management LLC now owns 315,597 shares of the specialty retailer's stock valued at $20,432,000 after purchasing an additional 301,866 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in Lamb Weston by 10.1% during the third quarter. Captrust Financial Advisors now owns 9,064 shares of the specialty retailer's stock worth $587,000 after purchasing an additional 835 shares during the period. Institutional investors and hedge funds own 89.56% of the company's stock.

Lamb Weston Stock Up 1.5 %

Lamb Weston stock traded up $1.18 during trading on Tuesday, hitting $79.52. 366,939 shares of the company were exchanged, compared to its average volume of 2,459,298. The company has a market capitalization of $11.34 billion, a P/E ratio of 18.39, a PEG ratio of 1.38 and a beta of 0.70. The business's 50 day moving average is $74.51 and its 200 day moving average is $73.52. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $111.88. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87.

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

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 1st were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date was Friday, November 1st. Lamb Weston's payout ratio is 33.80%.

Analyst Ratings Changes

Several equities analysts have issued reports on LW shares. Barclays boosted their price target on Lamb Weston from $70.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, October 4th. TD Cowen boosted their target price on shares of Lamb Weston from $61.00 to $65.00 and gave the company a "hold" rating in a research report on Tuesday, September 24th. Wells Fargo & Company raised their price target on shares of Lamb Weston from $70.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $68.00 price objective (up previously from $63.00) on shares of Lamb Weston in a report on Monday, October 7th. Finally, Sanford C. Bernstein started coverage on Lamb Weston in a research note on Tuesday. They issued a "market perform" rating and a $85.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Lamb Weston presently has an average rating of "Hold" and an average target price of $82.50.

Lamb Weston Company 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.