Lamb Weston Holdings, Inc. (NYSE:LW) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. boosted its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 117.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 950 shares of the specialty retailer’s stock after acquiring an additional 514 shares during the quarter. Blue Trust Inc.’s holdings in Lamb Weston were worth $62,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. increased its holdings in shares of Lamb Weston by 20.0% in the 1st quarter. Sei Investments Co. now owns 207,710 shares of the specialty retailer’s stock valued at $22,128,000 after acquiring an additional 34,553 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Lamb Weston by 66.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,643 shares of the specialty retailer’s stock valued at $4,028,000 after purchasing an additional 15,364 shares during the period. Empowered Funds LLC purchased a new stake in shares of Lamb Weston in the first quarter valued at about $810,000. Confluence Investment Management LLC acquired a new stake in shares of Lamb Weston during the second quarter worth about $7,937,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Lamb Weston during the first quarter worth about $28,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Consumer Edge downgraded Lamb Weston from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th. Bank of America raised their target price 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. Citigroup raised their price objective 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. Stifel Nicolaus upped their price objective on Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company boosted their price objective on shares of Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $82.22.

Lamb Weston Stock Up 0.6 %

Shares of NYSE LW opened at $77.69 on Friday. 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 stock has a market capitalization of $11.22 billion, a PE ratio of 10.37, a P/E/G ratio of 1.38 and a beta of 0.75. The firm has a fifty day moving average of $67.68 and a 200-day moving average of $74.49. Lamb Weston Holdings, Inc. has a 52-week low of $52.99 and a 52-week high of $111.88.

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

Lamb Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a yield of 1.85%. Lamb Weston’s dividend payout ratio (DPR) is 19.23%.

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.