Quantbot Technologies LP Invests $3 Million in Lamb Weston Holdings, Inc. (NYSE:LW)

Quantbot Technologies LP purchased a new stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 35,655 shares of the specialty retailer's stock, valued at approximately $2,998,000.

Several other hedge funds have also recently added to or reduced their stakes in LW. Avantax Advisory Services Inc. lifted its stake in shares of Lamb Weston by 3.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 3,806 shares of the specialty retailer's stock valued at $405,000 after acquiring an additional 135 shares during the last quarter. Somerset Trust Co boosted its stake in shares of Lamb Weston by 4.5% during the first quarter. Somerset Trust Co now owns 3,401 shares of the specialty retailer's stock valued at $362,000 after purchasing an additional 145 shares during the period. Camarda Financial Advisors LLC grew its holdings in shares of Lamb Weston by 0.9% in the first 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 during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Lamb Weston by 31.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 655 shares of the specialty retailer's stock worth $70,000 after buying an additional 158 shares during the period. Finally, Summit Financial Wealth Advisors LLC raised its holdings in Lamb Weston by 1.2% during the 1st quarter. Summit Financial Wealth Advisors LLC now owns 13,556 shares of the specialty retailer's stock valued at $1,444,000 after buying an additional 161 shares during the last quarter. Institutional investors own 89.56% of the company's stock.

Insider Activity at Lamb Weston

In other Lamb Weston news, Director William G. Jurgensen bought 10,000 shares of the business's stock in a transaction on Friday, July 26th. The shares were acquired at an average cost of $55.43 per share, for a total transaction of $554,300.00. Following the purchase, the director now owns 173,377 shares in the company, valued at approximately $9,610,287.11. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.66% of the stock is owned by insiders.

Lamb Weston Stock Up 0.1 %

Shares of Lamb Weston stock traded up $0.08 during midday trading on Wednesday, hitting $65.77. The company had a trading volume of 2,294,920 shares, compared to its average volume of 2,476,420. Lamb Weston Holdings, Inc. has a 52-week low of $52.99 and a 52-week high of $111.88. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.59 and a current ratio of 1.29. The stock has a market capitalization of $9.50 billion, a P/E ratio of 8.77, a P/E/G ratio of 5.96 and a beta of 0.75. The company has a 50 day moving average of $64.21 and a 200 day moving average of $80.23.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.46). The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.71 billion. Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. On average, equities analysts predict that Lamb Weston Holdings, Inc. will post 4.54 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 2nd were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Friday, August 2nd. Lamb Weston's dividend payout ratio (DPR) is currently 19.23%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LW shares. TD Cowen cut shares of Lamb Weston from a "buy" rating to a "hold" rating and decreased their price objective for the company from $105.00 to $61.00 in a research report on Thursday, July 25th. Bank of America raised their price target on Lamb Weston from $66.00 to $68.00 and gave the stock a "neutral" rating in a research note on Tuesday. The Goldman Sachs Group decreased their price objective on shares of Lamb Weston from $132.00 to $78.00 and set a "buy" rating for the company in a report on Thursday, July 25th. JPMorgan Chase & Co. decreased their price target on shares of Lamb Weston from $108.00 to $63.00 and set an "overweight" rating for the company in a research note on Thursday, July 25th. Finally, Stifel Nicolaus cut Lamb Weston from a "buy" rating to a "hold" rating and cut their price objective for the company from $115.00 to $60.00 in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $83.20.

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.