3,155 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Purchased by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC acquired a new stake in Lamb Weston Holdings, Inc. (NYSE:LW) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,155 shares of the specialty retailer’s stock, valued at approximately $204,000.

Other institutional investors also recently modified their holdings of the company. City State Bank boosted its holdings in Lamb Weston by 56.2% in the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 150 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Lamb Weston during the 1st quarter worth approximately $28,000. Crewe Advisors LLC raised its stake in shares of Lamb Weston by 357.5% during the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after buying an additional 261 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in Lamb Weston in the third quarter valued at approximately $29,000. Finally, GAMMA Investing LLC boosted its stake in Lamb Weston by 135.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 220 shares during the last quarter. 89.56% of the stock is owned by institutional investors.

Lamb Weston Trading Down 0.2 %

Shares of NYSE:LW opened at $77.25 on Thursday. The firm has a market cap of $11.15 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 1.38 and a beta of 0.75. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $111.88. The company’s fifty day simple moving average is $67.38 and its 200 day simple moving average is $74.47.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the company earned $1.63 earnings per share. Lamb Weston’s quarterly revenue was down .7% on a year-over-year basis. As a group, research analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Friday, November 1st. Lamb Weston’s dividend payout ratio (DPR) is currently 19.23%.

Analyst Ratings Changes

Several brokerages have commented on LW. Wells Fargo & Company upped their target price 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. JPMorgan Chase & Co. reissued 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. Stifel Nicolaus boosted their target price on Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Citigroup increased their price target 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, Bank of America lifted their price objective on shares of Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $82.22.

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.