Lamb Weston Holdings, Inc. (NYSE:LW) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 98.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,848 shares of the specialty retailer's stock after acquiring an additional 12,827 shares during the period. Oppenheimer & Co. Inc.'s holdings in Lamb Weston were worth $1,673,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. City State Bank lifted its position 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 valued at $27,000 after buying an additional 150 shares during the last quarter. EntryPoint Capital LLC bought a new position in Lamb Weston during the first quarter valued at $28,000. Crewe Advisors LLC raised its position in shares of 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 buying an additional 261 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in Lamb Weston during the third quarter valued at about $29,000. Finally, GAMMA Investing LLC boosted its position in Lamb Weston by 135.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer's stock valued at $32,000 after acquiring an additional 220 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Price Performance

Shares of LW stock traded up $1.45 during trading on Monday, hitting $76.92. The company had a trading volume of 1,165,880 shares, compared to its average volume of 2,504,366. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $111.88. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. The stock's 50-day moving average is $71.80 and its two-hundred day moving average is $74.16. The stock has a market capitalization of $10.97 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 1.35 and a beta of 0.72.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the firm posted $1.63 earnings per share. The firm's revenue was down .7% on a year-over-year basis. As a group, analysts predict that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently announced 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. This represents a $1.44 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston's dividend payout ratio is currently 33.80%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reissued a "neutral" rating and set a $68.00 price objective (up previously from $63.00) on shares of Lamb Weston in a research report on Monday, October 7th. Barclays raised their target price on shares of Lamb Weston from $70.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, October 4th. Stifel Nicolaus raised their price target on shares of Lamb Weston from $65.00 to $80.00 and gave the stock a "hold" rating in a report on Friday, October 25th. TD Cowen lifted their target price on shares of Lamb Weston from $61.00 to $65.00 and gave the company a "hold" rating in a research report on Tuesday, September 24th. Finally, Bank of America boosted their target price on shares of Lamb Weston from $68.00 to $80.00 and gave the company a "neutral" rating in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price 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.