35,022 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Purchased by Grandfield & Dodd LLC

Grandfield & Dodd LLC acquired a new position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 35,022 shares of the specialty retailer's stock, valued at approximately $2,341,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS increased its stake in shares of Lamb Weston by 0.8% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 18,756 shares of the specialty retailer's stock worth $1,214,000 after purchasing an additional 156 shares during the last quarter. Allworth Financial LP raised its stake in shares of Lamb Weston by 16.1% in the fourth quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer's stock valued at $74,000 after buying an additional 170 shares during the period. Bridges Investment Management Inc. lifted its position in shares of Lamb Weston by 2.8% during the 3rd quarter. Bridges Investment Management Inc. now owns 6,648 shares of the specialty retailer's stock valued at $430,000 after buying an additional 181 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in shares of Lamb Weston by 5.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,649 shares of the specialty retailer's stock worth $241,000 after acquiring an additional 186 shares during the period. Finally, Hazlett Burt & Watson Inc. grew its stake in shares of Lamb Weston by 31.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 977 shares of the specialty retailer's stock worth $63,000 after acquiring an additional 231 shares during the period. Hedge funds and other institutional investors own 89.56% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms have commented on LW. Stifel Nicolaus dropped their price objective on shares of Lamb Weston from $80.00 to $68.00 and set a "hold" rating on the stock in a report on Friday, December 20th. Sanford C. Bernstein started coverage on shares of Lamb Weston in a research report on Tuesday, December 3rd. They issued a "market perform" rating and a $85.00 price objective for the company. Citigroup lowered Lamb Weston from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $90.00 to $68.00 in a report on Friday, December 20th. JPMorgan Chase & Co. lifted their target price on shares of Lamb Weston from $68.00 to $78.00 and gave the company a "neutral" rating in a research report on Monday, December 16th. Finally, Jefferies Financial Group raised their price objective on shares of Lamb Weston from $80.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $81.00.

Insiders Place Their Bets

In other Lamb Weston news, Director Robert A. Niblock bought 3,000 shares of the company's stock in a transaction dated Monday, January 13th. The shares were purchased at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the acquisition, the director now owns 26,406 shares in the company, valued at approximately $1,609,181.64. This represents a 12.82 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Charles A. Blixt purchased 1,200 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average price of $63.25 per share, with a total value of $75,900.00. Following the completion of the purchase, the director now owns 22,982 shares in the company, valued at $1,453,611.50. This represents a 5.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.72% of the company's stock.

Lamb Weston Trading Up 0.5 %

Shares of LW stock traded up $0.23 during trading hours on Thursday, reaching $51.69. The company's stock had a trading volume of 2,016,463 shares, compared to its average volume of 2,685,602. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $7.37 billion, a P/E ratio of 20.43, a P/E/G ratio of 1.40 and a beta of 0.76. The firm's fifty day simple moving average is $59.25 and its 200 day simple moving average is $67.01. Lamb Weston Holdings, Inc. has a one year low of $49.28 and a one year high of $107.50.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.01 by ($0.35). The company had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.67 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm's revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.45 earnings per share. Equities research analysts expect that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, January 31st were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.86%. This is a boost from Lamb Weston's previous quarterly dividend of $0.36. The ex-dividend date was Friday, January 31st. Lamb Weston's payout ratio is presently 58.50%.

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.