Tidal Investments LLC Purchases 12,010 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Tidal Investments LLC grew its position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 52.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,089 shares of the specialty retailer's stock after purchasing an additional 12,010 shares during the quarter. Tidal Investments LLC's holdings in Lamb Weston were worth $2,272,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in LW. City State Bank boosted its holdings in Lamb Weston by 56.2% in the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 150 shares during the period. 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 valued at $28,000 after buying an additional 261 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of Lamb Weston in the third quarter valued at approximately $29,000. Riverview Trust Co bought a new stake in shares of Lamb Weston in the third quarter valued at approximately $35,000. Finally, Family Firm Inc. acquired a new stake in Lamb Weston during the second quarter worth approximately $36,000. Institutional investors own 89.56% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on LW shares. TD Cowen upped their target price on Lamb Weston from $61.00 to $65.00 and gave the company a "hold" rating in a research report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft started coverage on Lamb Weston in a research note on Thursday, December 12th. They issued a "hold" rating and a $81.00 price target for the company. Wells Fargo & Company increased their price objective on shares of Lamb Weston from $70.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, October 3rd. Citigroup boosted their target price on shares of Lamb Weston from $76.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Finally, Jefferies Financial Group increased their price target on shares of Lamb Weston from $80.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $84.25.

Lamb Weston Trading Up 0.1 %

Shares of NYSE:LW traded up $0.11 during midday trading on Tuesday, hitting $82.32. 3,012,392 shares of the stock were exchanged, compared to its average volume of 2,471,366. The business's 50-day moving average price is $76.74 and its 200 day moving average price is $72.83. 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 quick ratio of 0.54 and a current ratio of 1.19. The stock has a market capitalization of $11.74 billion, a price-to-earnings ratio of 19.30, a P/E/G ratio of 1.34 and a beta of 0.70.

Lamb Weston (NYSE:LW - Get Free Report) last posted 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 firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The company's revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.63 EPS. Analysts predict that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current year.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 1st were given a $0.36 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.75%. Lamb Weston's dividend payout ratio (DPR) is presently 33.80%.

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.