Lamb Weston Holdings, Inc. (NYSE:LW) Shares Bought by Bridges Investment Management Inc.

Bridges Investment Management Inc. raised its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 115.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,467 shares of the specialty retailer’s stock after buying an additional 3,466 shares during the quarter. Bridges Investment Management Inc.’s holdings in Lamb Weston were worth $544,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of LW. Norges Bank acquired a new position in Lamb Weston in the fourth quarter valued at about $93,553,000. Artemis Investment Management LLP lifted its position in shares of Lamb Weston by 117.2% during the first quarter. Artemis Investment Management LLP now owns 1,230,538 shares of the specialty retailer’s stock worth $131,035,000 after purchasing an additional 663,985 shares in the last quarter. APG Asset Management US Inc. acquired a new stake in shares of Lamb Weston during the fourth quarter worth about $56,699,000. Ninety One UK Ltd acquired a new stake in shares of Lamb Weston during the second quarter worth about $42,518,000. Finally, Ceredex Value Advisors LLC acquired a new stake in shares of Lamb Weston during the second quarter worth about $24,165,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

Analysts Set New Price Targets

LW has been the topic of several research reports. Barclays reduced their price target on shares of Lamb Weston from $96.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. Wells Fargo & Company reduced their price target on shares of Lamb Weston from $98.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. Consumer Edge cut shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. cut their target price on shares of Lamb Weston from $108.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Finally, Citigroup cut their target price on shares of Lamb Weston from $106.00 to $104.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.20.

Insider Buying and Selling at Lamb Weston

In other news, Director William G. Jurgensen acquired 10,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was acquired at an average cost of $55.43 per share, with a total value of $554,300.00. Following the completion of the acquisition, the director now owns 173,377 shares of the company’s stock, valued at $9,610,287.11. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 1.66% of the stock is currently owned by insiders.

Lamb Weston Stock Performance

Shares of Lamb Weston stock opened at $65.44 on Friday. The firm has a market capitalization of $9.45 billion, a P/E ratio of 8.74, a P/E/G ratio of 5.96 and a beta of 0.75. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $111.88. The company has a quick ratio of 0.59, a current ratio of 1.29 and a debt-to-equity ratio of 1.92. The firm’s 50 day moving average is $63.43 and its two-hundred day moving average is $79.61.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.46). The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. Research analysts forecast that Lamb Weston Holdings, Inc. will post 4.54 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 2nd were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.44 annualized dividend and a yield of 2.20%. Lamb Weston’s dividend payout ratio is currently 19.23%.

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.