Bernzott Capital Advisors Raises Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Bernzott Capital Advisors increased its holdings in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 110.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,145 shares of the specialty retailer's stock after acquiring an additional 51,505 shares during the period. Lamb Weston comprises approximately 2.7% of Bernzott Capital Advisors' portfolio, making the stock its 22nd biggest holding. Bernzott Capital Advisors owned about 0.07% of Lamb Weston worth $6,354,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Lamb Weston by 0.4% during the first quarter. Vanguard Group Inc. now owns 16,695,138 shares of the specialty retailer's stock valued at $1,778,533,000 after purchasing an additional 60,601 shares during the period. TPG GP A LLC grew its holdings in Lamb Weston by 74.4% during the second quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer's stock valued at $245,869,000 after purchasing an additional 1,247,206 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Lamb Weston by 5.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,045,582 shares of the specialty retailer's stock valued at $171,993,000 after purchasing an additional 114,049 shares during the period. Marshall Wace LLP grew its holdings in Lamb Weston by 78.5% during the second quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer's stock valued at $158,790,000 after purchasing an additional 830,511 shares during the period. Finally, Champlain Investment Partners LLC grew its holdings in Lamb Weston by 11.7% during the first quarter. Champlain Investment Partners LLC now owns 1,233,420 shares of the specialty retailer's stock valued at $131,396,000 after purchasing an additional 129,120 shares during the period. 89.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LW has been the subject of a number of analyst reports. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $68.00 price target (up from $63.00) on shares of Lamb Weston in a report on Monday, October 7th. 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. Barclays increased their price objective on Lamb Weston from $70.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, October 4th. Bank of America increased their price objective on 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 increased their price objective on Lamb Weston from $76.00 to $90.00 and gave the stock a "buy" rating in a research 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $82.22.

Lamb Weston Stock Down 0.3 %

Lamb Weston stock traded down $0.24 during trading hours on Tuesday, hitting $77.41. 1,960,586 shares of the stock traded hands, compared to its average volume of 2,549,740. The firm's 50-day moving average price is $67.07 and its two-hundred day moving average price is $74.48. 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 company has a market cap of $11.18 billion, a PE ratio of 10.34, a PEG ratio of 1.38 and a beta of 0.75. Lamb Weston Holdings, Inc. has a one year low of $52.99 and a one year high of $111.88.

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

Lamb Weston Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a yield of 1.86%. Lamb Weston's payout ratio is currently 19.23%.

Lamb Weston Company 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.