Proficio Capital Partners LLC Makes New $1.93 Million Investment in Lamb Weston Holdings, Inc. (NYSE:LW)

Proficio Capital Partners LLC acquired a new stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 28,908 shares of the specialty retailer's stock, valued at approximately $1,932,000.

Other institutional investors have also bought and sold shares of the company. West Oak Capital LLC lifted its position in shares of Lamb Weston by 155.7% during the fourth quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer's stock worth $30,000 after acquiring an additional 274 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Lamb Weston during the fourth quarter worth $35,000. SBI Securities Co. Ltd. purchased a new stake in shares of Lamb Weston during the fourth quarter worth $36,000. Prospera Private Wealth LLC purchased a new stake in shares of Lamb Weston during the third quarter worth $39,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Lamb Weston during the third quarter worth $40,000. Hedge funds and other institutional investors own 89.56% of the company's stock.

Lamb Weston Trading Up 0.8 %

Shares of NYSE:LW traded up $0.41 on Friday, reaching $53.16. 4,602,533 shares of the company traded hands, compared to its average volume of 2,742,398. The business's 50-day simple moving average is $56.34 and its 200 day simple moving average is $66.17. Lamb Weston Holdings, Inc. has a 52 week low of $47.90 and a 52 week high of $107.50. The stock has a market capitalization of $7.58 billion, a P/E ratio of 21.01, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26.

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Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.01 by ($0.35). Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the business posted $1.45 earnings per share. The firm's quarterly revenue was down 7.5% compared to the same quarter last year. As a group, equities analysts anticipate that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.78%. Lamb Weston's dividend payout ratio (DPR) is currently 58.50%.

Insider Activity

In other news, Director Charles A. Blixt bought 1,200 shares of the company's stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of $63.25 per share, for a total transaction of $75,900.00. Following the completion of the acquisition, the director now owns 22,982 shares in the company, valued at approximately $1,453,611.50. This trade represents a 5.51 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert A. Niblock bought 3,000 shares of the company's stock in a transaction dated Monday, January 13th. The shares were purchased at an average price of $60.94 per share, with a total value of $182,820.00. Following the completion of the acquisition, the director now owns 26,406 shares of the company's stock, valued at $1,609,181.64. This trade represents a 12.82 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.72% of the company's stock.

Wall Street Analyst Weigh In

LW has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Lamb Weston in a research report on Thursday, December 12th. They issued a "hold" rating and a $81.00 price objective on the stock. Barclays lowered their price objective on Lamb Weston from $87.00 to $69.00 and set an "overweight" rating on the stock in a research report on Monday, December 23rd. Citigroup downgraded Lamb Weston from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $90.00 to $68.00 in a research report on Friday, December 20th. JPMorgan Chase & Co. increased their price objective on Lamb Weston from $68.00 to $78.00 and gave the stock a "neutral" rating in a research report on Monday, December 16th. Finally, Jefferies Financial Group increased their price objective on Lamb Weston from $80.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $76.73.

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.