Lamb Weston Holdings, Inc. (NYSE:LW) Shares Acquired by Great Diamond Partners LLC

Great Diamond Partners LLC grew its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 18.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,873 shares of the specialty retailer’s stock after acquiring an additional 613 shares during the quarter. Great Diamond Partners LLC’s holdings in Lamb Weston were worth $259,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. City State Bank grew its position in Lamb Weston by 56.2% during the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 150 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of Lamb Weston during the third quarter worth $29,000. West Oak Capital LLC grew its holdings in shares of Lamb Weston by 155.7% during the fourth quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 274 shares during the last quarter. Riverview Trust Co acquired a new position in shares of Lamb Weston in the 3rd quarter valued at $35,000. Finally, CVA Family Office LLC raised its stake in Lamb Weston by 143.8% in the 3rd quarter. CVA Family Office LLC now owns 573 shares of the specialty retailer’s stock worth $37,000 after acquiring an additional 338 shares during the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Charles A. Blixt purchased 1,200 shares of the stock in a transaction dated Monday, December 23rd. The shares were purchased at an average cost 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 approximately $1,453,611.50. The trade was a 5.51 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert A. Niblock acquired 3,000 shares of Lamb Weston stock in a transaction that occurred on Monday, January 13th. The stock was purchased at an average cost of $60.94 per share, with a total value of $182,820.00. Following the completion of the purchase, the director now owns 26,406 shares in the company, valued at $1,609,181.64. The trade was a 12.82 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on LW shares. Stifel Nicolaus dropped their price target on Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, December 20th. Jefferies Financial Group upped their target price on Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Sanford C. Bernstein initiated coverage on shares of Lamb Weston in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price target for the company. Bank of America upped their price objective on shares of Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Finally, Barclays reduced their target price on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a report on Monday, December 23rd. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $81.00.

Lamb Weston Trading Down 2.7 %

Shares of Lamb Weston stock opened at $59.96 on Friday. The firm has a 50-day simple moving average of $67.91 and a two-hundred day simple moving average of $68.18. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $107.50. The company has a market cap of $8.55 billion, a P/E ratio of 23.70, a price-to-earnings-growth ratio of 1.51 and a beta of 0.73.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the company posted $1.45 EPS. The business’s revenue for the quarter was down 7.5% compared to the same quarter last year. As a group, equities analysts predict that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, January 31st will be paid a $0.37 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.48 dividend on an annualized basis and a yield of 2.47%. This is a boost from Lamb Weston’s previous quarterly dividend of $0.36. Lamb Weston’s dividend payout ratio (DPR) is currently 56.92%.

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.