First Horizon Advisors Inc. Buys 2,050 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

First Horizon Advisors Inc. raised its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 283.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,773 shares of the specialty retailer’s stock after acquiring an additional 2,050 shares during the quarter. First Horizon Advisors Inc.’s holdings in Lamb Weston were worth $180,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EntryPoint Capital LLC bought a new position in shares of Lamb Weston during the 1st quarter worth $28,000. Crewe Advisors LLC lifted its holdings in Lamb Weston by 357.5% during the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 261 shares during the last quarter. GAMMA Investing LLC boosted its position in 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 purchasing an additional 220 shares during the period. City State Bank increased its stake in shares of Lamb Weston by 56.2% in the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 150 shares in the last quarter. Finally, Family Firm Inc. bought a new stake in shares of Lamb Weston in the second quarter valued at approximately $36,000. 89.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Citigroup lifted their price objective on shares of Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus boosted their price objective on Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. restated 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. Bank of America upped their price target on Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Finally, TD Cowen raised their price objective on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, September 24th. One research 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $82.22.

Lamb Weston Stock Up 0.2 %

LW stock opened at $76.92 on Friday. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $111.88. The stock has a market cap of $10.97 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 1.37 and a beta of 0.72. 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 company’s 50 day moving average is $73.11 and its 200 day moving average is $74.01.

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

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Friday, November 1st. Lamb Weston’s payout ratio is currently 33.80%.

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.