LMR Partners LLP Buys New Position in Lamb Weston Holdings, Inc. (NYSE:LW)

LMR Partners LLP bought a new position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 151,000 shares of the specialty retailer's stock, valued at approximately $9,776,000. LMR Partners LLP owned 0.11% of Lamb Weston as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. EntryPoint Capital LLC bought a new position in shares of Lamb Weston during the 1st quarter worth $28,000. Crewe Advisors LLC boosted its holdings in Lamb Weston by 357.5% in the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer's stock worth $28,000 after acquiring an additional 261 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Lamb Weston by 135.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 220 shares during the last quarter. City State Bank raised its stake in shares of Lamb Weston by 56.2% in the third quarter. City State Bank now owns 417 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 150 shares during the last quarter. Finally, Family Firm Inc. purchased a new position in shares of Lamb Weston in the second quarter worth about $36,000. Hedge funds and other institutional investors own 89.56% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Stifel Nicolaus lifted their price target on Lamb Weston from $65.00 to $80.00 and gave the company a "hold" rating in a research report on Friday, October 25th. The Goldman Sachs Group lowered their price target on Lamb Weston from $132.00 to $78.00 and set a "buy" rating on the stock in a research note on Thursday, July 25th. Bank of America lifted their price target on Lamb Weston from $68.00 to $80.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st. Consumer Edge lowered Lamb Weston from an "overweight" rating to an "equal weight" rating in a research note on Friday, July 26th. Finally, Barclays boosted 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Lamb Weston has an average rating of "Hold" and a consensus price target of $82.22.

Lamb Weston Trading Up 2.1 %

Shares of LW stock traded up $1.59 on Monday, hitting $77.06. The stock had a trading volume of 1,323,141 shares, compared to its average volume of 2,505,059. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. The firm has a market capitalization of $10.99 billion, a P/E ratio of 18.05, a P/E/G ratio of 1.35 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. The company's 50 day moving average price is $71.80 and its 200-day moving average price is $74.16.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $1.55 billion. During the same quarter in the prior year, the business earned $1.63 EPS. Lamb Weston's revenue was down .7% on a year-over-year basis. Analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current year.

Lamb Weston Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be given a dividend of $0.36 per share. The ex-dividend date is Friday, November 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.87%. Lamb Weston's dividend payout ratio is currently 33.80%.

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.