100,502 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Acquired by First Financial Bankshares Inc

First Financial Bankshares Inc purchased a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 100,502 shares of the specialty retailer's stock, valued at approximately $6,506,000. First Financial Bankshares Inc owned approximately 0.07% of Lamb Weston as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Sei Investments Co. increased its stake in Lamb Weston by 20.0% during the 1st quarter. Sei Investments Co. now owns 207,710 shares of the specialty retailer's stock valued at $22,128,000 after purchasing an additional 34,553 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Lamb Weston by 66.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,643 shares of the specialty retailer's stock valued at $4,028,000 after purchasing an additional 15,364 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Lamb Weston in the first quarter valued at approximately $810,000. Confluence Investment Management LLC bought a new stake in Lamb Weston during the second quarter worth $7,937,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Lamb Weston in the 1st quarter worth about $28,000. Institutional investors and hedge funds own 89.56% of the company's stock.

Lamb Weston Price Performance

LW stock traded up $0.73 during mid-day trading on Monday, hitting $77.65. 1,877,669 shares of the stock were exchanged, compared to its average volume of 2,552,568. The business has a fifty day moving average price of $66.77 and a 200 day moving average price of $74.51. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $111.88. 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 stock has a market capitalization of $11.21 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 1.38 and a beta of 0.75.

Lamb Weston (NYSE:LW - Get Free Report) last released its earnings results 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. 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%. Lamb Weston's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.63 EPS. On average, sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston's dividend payout ratio is currently 19.23%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. TD Cowen upped their price target on Lamb Weston from $61.00 to $65.00 and gave the company a "hold" rating in a research report on Tuesday, September 24th. Citigroup increased their target price on shares of Lamb Weston from $76.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Bank of America boosted their price target on shares of Lamb Weston from $68.00 to $80.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. Stifel Nicolaus increased their price objective on Lamb Weston from $65.00 to $80.00 and gave the stock a "hold" rating in a research report on Friday. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $68.00 target price (up from $63.00) on shares of Lamb Weston in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus 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.