4,806 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Acquired by Stevens Capital Management LP

Stevens Capital Management LP purchased a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,806 shares of the specialty retailer’s stock, valued at approximately $311,000.

A number of other large investors have also recently modified their holdings of LW. Southpoint Capital Advisors LP acquired a new stake in shares of Lamb Weston in the 3rd quarter valued at $129,480,000. Clarkston Capital Partners LLC boosted its holdings in shares of Lamb Weston by 108.7% in 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 purchasing an additional 1,618,570 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of Lamb Weston in the 3rd quarter valued at $86,883,000. TPG GP A LLC boosted its holdings in shares of Lamb Weston by 74.4% in the 2nd quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer’s stock valued at $245,869,000 after purchasing an additional 1,247,206 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Lamb Weston by 78.5% in the 2nd quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer’s stock valued at $158,790,000 after purchasing an additional 830,511 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LW shares. JPMorgan Chase & Co. reissued a “neutral” rating and set a $68.00 price objective (up previously from $63.00) on shares of Lamb Weston in a report on Monday, October 7th. Sanford C. Bernstein assumed coverage on Lamb Weston in a research report on Tuesday. They issued a “market perform” rating and a $85.00 price objective for the company. Bank of America lifted their price objective on Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Wells Fargo & Company boosted their target price on Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. Finally, TD Cowen boosted their target price on 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, six have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $82.50.

Lamb Weston Price Performance

LW stock opened at $77.69 on Friday. The company has a market capitalization of $11.08 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 1.42 and a beta of 0.70. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. Lamb Weston Holdings, Inc. has a 52-week low of $52.99 and a 52-week high of $111.88. The business has a 50-day simple moving average of $75.29 and a two-hundred day simple moving average of $73.53.

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

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 1st were paid 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 1.85%. Lamb Weston’s payout ratio is presently 33.80%.

Lamb Weston Company 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.