Cadinha & Co. LLC bought a new position in Lamb Weston Holdings (NYSE:LW) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 3,533 shares of the specialty retailer’s stock, valued at approximately $206,000.
Several other large investors also recently bought and sold shares of the company. Newbrook Capital Advisors LP bought a new position in shares of Lamb Weston in the 4th quarter worth about $129,718,000. Wells Fargo & Company MN increased its stake in shares of Lamb Weston by 68.2% in the 1st quarter. Wells Fargo & Company MN now owns 3,692,522 shares of the specialty retailer’s stock worth $214,979,000 after acquiring an additional 1,496,815 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Lamb Weston by 3,097.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 646,057 shares of the specialty retailer’s stock worth $36,470,000 after acquiring an additional 625,852 shares in the last quarter. BlackRock Inc. increased its stake in shares of Lamb Weston by 5.0% in the 4th quarter. BlackRock Inc. now owns 13,164,249 shares of the specialty retailer’s stock worth $743,124,000 after acquiring an additional 622,607 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Lamb Weston by 1,254.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 621,263 shares of the specialty retailer’s stock worth $35,070,000 after acquiring an additional 575,391 shares in the last quarter. 81.52% of the stock is owned by hedge funds and other institutional investors.
LW has been the subject of several research reports. Zacks Investment Research upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research note on Thursday, March 29th. Vertical Research initiated coverage on shares of Lamb Weston in a research note on Monday. They issued a “sell” rating for the company. Morgan Stanley increased their price target on shares of Lamb Weston from $61.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Friday, April 6th. Jefferies Group reiterated a “buy” rating and issued a $66.00 price target on shares of Lamb Weston in a research note on Thursday, April 5th. Finally, Vertical Group initiated coverage on shares of Lamb Weston in a research note on Tuesday. They issued a “sell” rating and a $56.00 price target for the company. Two analysts have rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Lamb Weston presently has a consensus rating of “Hold” and a consensus target price of $60.71.
NYSE:LW opened at $65.04 on Wednesday. The stock has a market cap of $9.77 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 2.13 and a beta of 0.67. The company has a debt-to-equity ratio of -5.98, a current ratio of 1.72 and a quick ratio of 0.63. Lamb Weston Holdings has a fifty-two week low of $42.58 and a fifty-two week high of $68.70.
Lamb Weston (NYSE:LW) last released its quarterly earnings data on Thursday, April 5th. The specialty retailer reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $863.40 million during the quarter, compared to analyst estimates of $813.81 million. Lamb Weston had a net margin of 11.75% and a negative return on equity of 69.53%. Lamb Weston’s revenue was up 12.3% compared to the same quarter last year. During the same period last year, the business earned $0.59 EPS. equities research analysts expect that Lamb Weston Holdings will post 2.6 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 4th will be paid a dividend of $0.1913 per share. The ex-dividend date is Thursday, May 3rd. This represents a $0.77 dividend on an annualized basis and a yield of 1.18%. Lamb Weston’s dividend payout ratio is currently 32.76%.
Lamb Weston Profile
Lamb Weston Holdings, Inc produces and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.
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