35,655 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Bought by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 35,655 shares of the specialty retailer’s stock, valued at approximately $2,998,000.

Other large investors have also recently modified their holdings of the company. Private Advisor Group LLC increased its stake in shares of Lamb Weston by 27.1% in the fourth quarter. Private Advisor Group LLC now owns 3,043 shares of the specialty retailer’s stock worth $329,000 after buying an additional 649 shares during the period. Dimensional Fund Advisors LP grew its holdings in Lamb Weston by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 998,572 shares of the specialty retailer’s stock worth $107,936,000 after acquiring an additional 27,253 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in Lamb Weston by 9.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,671 shares of the specialty retailer’s stock worth $397,000 after acquiring an additional 308 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Lamb Weston by 25.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 34,461 shares of the specialty retailer’s stock valued at $3,725,000 after acquiring an additional 7,028 shares during the period. Finally, Brown Advisory Inc. bought a new position in shares of Lamb Weston during the fourth quarter valued at about $234,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Price Performance

LW stock opened at $65.69 on Wednesday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.59 and a current ratio of 1.29. The firm has a 50 day moving average price of $64.21 and a 200-day moving average price of $80.23. Lamb Weston Holdings, Inc. has a 52-week low of $52.99 and a 52-week high of $111.88. The firm has a market capitalization of $9.49 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 5.96 and a beta of 0.75.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.46). Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Equities research analysts forecast that Lamb Weston Holdings, Inc. will post 4.54 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 2nd were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.19%. The ex-dividend date was Friday, August 2nd. Lamb Weston’s dividend payout ratio (DPR) is 19.23%.

Insider Buying and Selling at Lamb Weston

In other news, Director William G. Jurgensen bought 10,000 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were purchased at an average price of $55.43 per share, for a total transaction of $554,300.00. Following the completion of the purchase, the director now owns 173,377 shares in the company, valued at approximately $9,610,287.11. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.66% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wells Fargo & Company reduced their price target on Lamb Weston from $98.00 to $70.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. JPMorgan Chase & Co. decreased their target price on Lamb Weston from $108.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Bank of America lifted their price target on shares of Lamb Weston from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Tuesday. TD Cowen downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating and reduced their price objective for the company from $105.00 to $61.00 in a research report on Thursday, July 25th. Finally, The Goldman Sachs Group dropped their target price on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.20.

About Lamb Weston

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.