Empowered Funds LLC Has $2.69 Million Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Empowered Funds LLC grew its position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 369.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 41,601 shares of the specialty retailer's stock after buying an additional 32,734 shares during the period. Empowered Funds LLC's holdings in Lamb Weston were worth $2,693,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. City State Bank raised its holdings in Lamb Weston by 56.2% during the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer's stock worth $27,000 after buying an additional 150 shares during the period. EntryPoint Capital LLC bought a new stake in Lamb Weston in the 1st quarter valued at $28,000. Crewe Advisors LLC boosted its stake in Lamb Weston by 357.5% in the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer's stock worth $28,000 after purchasing an additional 261 shares during the period. Northwest Investment Counselors LLC bought a new position in Lamb Weston during the 3rd quarter worth about $29,000. Finally, GAMMA Investing LLC raised its stake 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 valued at $32,000 after purchasing an additional 220 shares during the period. Institutional investors own 89.56% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LW shares. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $68.00 price objective (up from $63.00) on shares of Lamb Weston in a research report on Monday, October 7th. Barclays raised their price target on shares of Lamb Weston from $70.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday, October 4th. Consumer Edge lowered shares of Lamb Weston from an "overweight" rating to an "equal weight" rating in a research note on Friday, July 26th. Bank of America increased their price objective 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. Finally, Stifel Nicolaus lifted their target price on Lamb Weston from $65.00 to $80.00 and gave the company a "hold" rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Lamb Weston currently has an average rating of "Hold" and an average target price of $82.22.

Lamb Weston Price Performance

NYSE:LW traded up $0.02 on Wednesday, hitting $75.09. The company had a trading volume of 297,189 shares, compared to its average volume of 2,495,810. 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. The stock has a market capitalization of $10.71 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 1.35 and a beta of 0.72. The firm has a 50 day moving average of $72.32 and a two-hundred day moving average of $74.03.

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 (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The firm's revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.63 earnings per share. On average, research analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current year.

Lamb Weston Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.92%. 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.