Lamb Weston Holdings, Inc. (NYSE:LW) Shares Acquired by Bridges Investment Management Inc.

Bridges Investment Management Inc. increased its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 115.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 6,467 shares of the specialty retailer’s stock after purchasing an additional 3,466 shares during the period. Bridges Investment Management Inc.’s holdings in Lamb Weston were worth $544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. WFA Asset Management Corp lifted its holdings in shares of Lamb Weston by 248.6% during the first quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 174 shares during the period. EntryPoint Capital LLC acquired a new stake in Lamb Weston in the first quarter valued at $28,000. Crewe Advisors LLC lifted its holdings in 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 acquiring an additional 261 shares during the period. Redmont Wealth Advisors LLC acquired a new stake in Lamb Weston in the first quarter valued at $32,000. Finally, GAMMA Investing LLC lifted its holdings 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 period. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Trading Down 0.3 %

Lamb Weston stock opened at $65.44 on Friday. The stock has a market cap of $9.45 billion, a PE ratio of 8.74, a P/E/G ratio of 5.96 and a beta of 0.75. The stock has a 50-day moving average price of $63.43 and a 200 day moving average price of $79.61. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $111.88. The company has a current ratio of 1.29, a quick ratio of 0.59 and a debt-to-equity ratio of 1.92.

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

Lamb Weston Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Friday, August 2nd. Lamb Weston’s dividend payout ratio is presently 19.23%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Bank of America raised their target price on Lamb Weston from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. TD Cowen downgraded Lamb Weston from a “buy” rating to a “hold” rating and reduced their target price for the company from $105.00 to $61.00 in a report on Thursday, July 25th. Barclays reduced their target price on Lamb Weston from $96.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, July 26th. JPMorgan Chase & Co. reduced 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. Finally, Wells Fargo & Company dropped their price target on Lamb Weston from $98.00 to $70.00 and set an “overweight” rating for the company in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.20.

Insider Buying and Selling

In other Lamb Weston news, Director William G. Jurgensen purchased 10,000 shares of the stock in a transaction on Friday, July 26th. The stock was bought at an average price of $55.43 per share, for a total transaction of $554,300.00. Following the acquisition, the director now directly owns 173,377 shares of the company’s stock, valued at $9,610,287.11. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.66% of the stock is currently owned by company insiders.

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.