GAMMA Investing LLC Raises Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

GAMMA Investing LLC raised its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 188.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,100 shares of the specialty retailer’s stock after buying an additional 718 shares during the quarter. GAMMA Investing LLC’s holdings in Lamb Weston were worth $71,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sei Investments Co. grew its position in Lamb Weston by 20.0% during the first quarter. Sei Investments Co. now owns 207,710 shares of the specialty retailer’s stock worth $22,128,000 after buying an additional 34,553 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Lamb Weston by 66.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,643 shares of the specialty retailer’s stock worth $4,028,000 after purchasing an additional 15,364 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Lamb Weston in the first quarter worth approximately $810,000. Confluence Investment Management LLC purchased a new stake in Lamb Weston in the second quarter valued at approximately $7,937,000. Finally, EntryPoint Capital LLC bought a new stake in Lamb Weston during the first quarter valued at approximately $28,000. 89.56% of the stock is currently owned by institutional investors.

Insider Activity at Lamb Weston

In related news, Director William G. Jurgensen purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were acquired at an average price of $55.43 per share, for a total transaction of $554,300.00. Following the completion of the acquisition, the director now directly owns 173,377 shares in the company, valued at approximately $9,610,287.11. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.66% of the stock is owned by corporate insiders.

Lamb Weston Trading Down 1.4 %

Shares of LW opened at $71.31 on Wednesday. The stock has a market capitalization of $10.30 billion, a P/E ratio of 9.52, a PEG ratio of 1.27 and a beta of 0.75. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month 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 firm has a fifty day simple moving average of $63.92 and a two-hundred day simple moving average of $75.49.

Lamb Weston (NYSE:LW) 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. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the business posted $1.63 earnings per share. Lamb Weston’s revenue for the quarter was down .7% on a year-over-year basis. On average, research analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, November 1st. This represents a $1.44 annualized dividend and a dividend yield of 2.02%. Lamb Weston’s dividend payout ratio (DPR) is presently 19.23%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. TD Cowen raised their price target on Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, September 24th. The Goldman Sachs Group cut their price objective on Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Stifel Nicolaus raised their price objective on Lamb Weston from $60.00 to $65.00 and gave the company a “hold” rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $68.00 target price (up previously from $63.00) on shares of Lamb Weston in a research note on Monday, October 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $77.67.

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.