Janney Montgomery Scott LLC Boosts Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

Janney Montgomery Scott LLC boosted its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 157.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,568 shares of the specialty retailer's stock after buying an additional 44,372 shares during the period. Janney Montgomery Scott LLC owned 0.05% of Lamb Weston worth $4,698,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in LW. Avantax Advisory Services Inc. grew its stake in Lamb Weston by 3.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 3,806 shares of the specialty retailer's stock worth $405,000 after buying an additional 135 shares during the last quarter. City State Bank raised its position 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 during the last quarter. Camarda Financial Advisors LLC boosted its stake in Lamb Weston by 0.9% in the 1st quarter. Camarda Financial Advisors LLC now owns 16,389 shares of the specialty retailer's stock worth $1,746,000 after purchasing an additional 151 shares in the last quarter. Bahl & Gaynor Inc. grew its position in Lamb Weston by 2.4% during the 1st quarter. Bahl & Gaynor Inc. now owns 7,018 shares of the specialty retailer's stock worth $748,000 after purchasing an additional 166 shares during the last quarter. Finally, Empirical Finance LLC increased its stake in Lamb Weston by 3.6% during the 1st quarter. Empirical Finance LLC now owns 5,033 shares of the specialty retailer's stock valued at $536,000 after purchasing an additional 176 shares in the last quarter. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Lamb Weston Price Performance

Shares of Lamb Weston stock traded up $0.90 during trading hours on Friday, reaching $81.20. 1,580,097 shares of the company's stock were exchanged, compared to its average volume of 2,348,018. The business has a fifty day moving average of $70.06 and a two-hundred day moving average of $74.30. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. The company has a market capitalization of $11.58 billion, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 1.43 and a beta of 0.72. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $111.88.

Lamb Weston (NYSE:LW - Get Free Report) last released its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share 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 company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the company posted $1.63 earnings per share. The firm's revenue for the quarter was down .7% compared to the same quarter last year. As a group, research analysts predict that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.77%. Lamb Weston's dividend payout ratio is currently 33.80%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. reissued a "neutral" rating and set a $68.00 price objective (up from $63.00) on shares of Lamb Weston in a report on Monday, October 7th. Stifel Nicolaus boosted their price target on Lamb Weston from $65.00 to $80.00 and gave the company a "hold" rating in a research note on Friday, October 25th. Barclays raised their price objective on Lamb Weston from $70.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday, October 4th. Bank of America raised their price target on shares of Lamb Weston from $68.00 to $80.00 and gave the stock a "neutral" rating in a research report on Monday, October 21st. Finally, Citigroup upped their price objective on shares of Lamb Weston from $76.00 to $90.00 and gave the company 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 given a buy rating to the company. According to MarketBeat.com, Lamb Weston has an average rating of "Hold" and an average price target 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.