Lamb Weston Holdings, Inc. (NYSE:LW) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of Lamb Weston Holdings, Inc. (NYSE:LWFree Report) by 67.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,846 shares of the specialty retailer’s stock after buying an additional 746 shares during the period. GAMMA Investing LLC’s holdings in Lamb Weston were worth $123,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nicola Wealth Management LTD. acquired a new stake in Lamb Weston in the 3rd quarter valued at $6,474,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Lamb Weston in the second quarter valued at about $3,279,000. Clarkston Capital Partners LLC raised its holdings in shares of Lamb Weston by 108.7% during the 3rd quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock valued at $201,207,000 after buying an additional 1,618,570 shares during the period. Citigroup Inc. lifted its position in Lamb Weston by 39.3% during the 3rd quarter. Citigroup Inc. now owns 156,242 shares of the specialty retailer’s stock worth $10,115,000 after acquiring an additional 44,057 shares in the last quarter. Finally, First Financial Bankshares Inc purchased a new position in Lamb Weston in the 3rd quarter worth approximately $6,506,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Charles A. Blixt bought 1,200 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average price of $63.25 per share, with a total value of $75,900.00. Following the completion of the purchase, the director now directly owns 22,982 shares of the company’s stock, valued at $1,453,611.50. This represents a 5.51 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.72% of the company’s stock.

Lamb Weston Price Performance

Shares of LW opened at $61.06 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. The firm has a market cap of $8.71 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 1.42 and a beta of 0.73. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $110.61. The stock has a 50 day moving average of $73.93 and a 200-day moving average of $70.57.

Lamb Weston (NYSE:LWGet Free Report) last issued its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.67 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The business’s revenue was down 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.45 earnings per share. As a group, analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, January 31st will be paid a $0.37 dividend. This is a boost from Lamb Weston’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, January 31st. This represents a $1.48 annualized dividend and a dividend yield of 2.42%. Lamb Weston’s dividend payout ratio is presently 58.50%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of Lamb Weston in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price objective on the stock. Stifel Nicolaus dropped their price target on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, December 20th. Wells Fargo & Company upped 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 lifted their target price on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, September 24th. Finally, Jefferies Financial Group boosted their price target on Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $81.00.

Get Our Latest Stock Analysis on LW

Lamb Weston Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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