Quantbot Technologies LP Sells 7,820 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Quantbot Technologies LP reduced its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 21.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,835 shares of the specialty retailer’s stock after selling 7,820 shares during the quarter. Quantbot Technologies LP’s holdings in Lamb Weston were worth $1,802,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Crewe Advisors LLC raised its holdings in Lamb Weston by 357.5% during the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 261 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Lamb Weston by 135.8% during the second quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock worth $32,000 after buying an additional 220 shares during the last quarter. City State Bank raised its stake in shares of Lamb Weston by 56.2% during the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after buying an additional 150 shares during the last quarter. Family Firm Inc. acquired a new position in Lamb Weston in the second quarter valued at approximately $36,000. Finally, Blue Trust Inc. boosted its stake in Lamb Weston by 251.6% in the second quarter. Blue Trust Inc. now owns 436 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 312 shares during the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Price Performance

NYSE LW opened at $77.24 on Friday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. The stock has a market cap of $11.01 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 1.37 and a beta of 0.72. The business has a 50 day simple moving average of $74.25 and a 200 day simple moving average of $73.75. 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 issued its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (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 the consensus estimate of $1.55 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The firm’s revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.63 earnings per share. Analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 1st were issued a $0.36 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.86%. Lamb Weston’s dividend payout ratio (DPR) is 33.80%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Barclays upped their target price on shares of Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Stifel Nicolaus increased their target price on Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Citigroup boosted their target price on Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company upped their price target on Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. Finally, TD Cowen boosted their price objective on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Lamb Weston presently has an average rating of “Hold” and an average target price of $82.22.

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.