Blue Trust Inc. Boosts Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Blue Trust Inc. lifted its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 117.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 950 shares of the specialty retailer’s stock after buying an additional 514 shares during the quarter. Blue Trust Inc.’s holdings in Lamb Weston were worth $62,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LW. City State Bank raised its holdings 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 valued at $27,000 after acquiring an additional 150 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Lamb Weston during the first quarter worth approximately $28,000. Crewe Advisors LLC raised its stake in Lamb Weston by 357.5% in the 2nd 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 lifted its holdings in Lamb Weston by 135.8% in the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 220 shares in the last quarter. Finally, Riverview Trust Co acquired a new stake in Lamb Weston during the 3rd quarter worth $35,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Price Performance

Shares of LW opened at $77.69 on Friday. 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 firm’s fifty day simple moving average is $67.68 and its 200-day simple moving average is $74.49. The firm has a market capitalization of $11.22 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 1.38 and a beta of 0.75. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $111.88.

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

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be paid a $0.36 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.44 annualized dividend and a yield of 1.85%. Lamb Weston’s dividend payout ratio is currently 19.23%.

Analyst Ratings Changes

LW has been the topic of several research reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $68.00 price target (up from $63.00) on shares of Lamb Weston in a research note on Monday, October 7th. Consumer Edge lowered shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th. The Goldman Sachs Group dropped their price target on Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Stifel Nicolaus lifted their price objective on Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, Bank of America upped their target price on Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Lamb Weston currently has an average rating of “Hold” and an average price target 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.