Sanctuary Advisors LLC Increases Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Sanctuary Advisors LLC increased its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 30.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,559 shares of the specialty retailer’s stock after buying an additional 3,417 shares during the quarter. Sanctuary Advisors LLC’s holdings in Lamb Weston were worth $897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. West Oak Capital LLC grew its stake 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. Stonebridge Financial Group LLC bought a new position in Lamb Weston during the 4th quarter worth approximately $35,000. Kennebec Savings Bank purchased a new position in Lamb Weston in the 3rd quarter worth approximately $39,000. Prospera Private Wealth LLC purchased a new stake in shares of Lamb Weston during the third quarter valued at approximately $39,000. Finally, Brooklyn Investment Group purchased a new stake in Lamb Weston during the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Down 1.0 %

Lamb Weston stock opened at $51.41 on Friday. Lamb Weston Holdings, Inc. has a fifty-two week low of $50.74 and a fifty-two week high of $107.50. The company has a market cap of $7.33 billion, a PE ratio of 20.32, a PEG ratio of 1.40 and a beta of 0.72. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The business’s 50-day simple moving average is $60.47 and its two-hundred day simple moving average is $67.31.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share for the quarter, missing the consensus estimate 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 quarter last year, the company posted $1.45 EPS. Lamb Weston’s quarterly revenue was down 7.5% compared to the same quarter last year. Equities analysts anticipate that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 31st will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, January 31st. This is an increase from Lamb Weston’s previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a yield of 2.88%. Lamb Weston’s payout ratio is presently 58.50%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on LW shares. Barclays decreased their price target on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. Citigroup downgraded Lamb Weston from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $90.00 to $68.00 in a report on Friday, December 20th. JPMorgan Chase & Co. boosted their target price on shares of Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lamb Weston in a research note on Thursday, December 12th. They issued a “hold” rating and a $81.00 price objective on the stock. Finally, StockNews.com upgraded Lamb Weston to a “sell” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $81.00.

Insiders Place Their Bets

In other Lamb Weston news, Director Charles A. Blixt bought 1,200 shares of Lamb Weston stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of $63.25 per share, with a total value of $75,900.00. Following the purchase, the director now directly owns 22,982 shares in the company, valued at $1,453,611.50. This represents a 5.51 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert A. Niblock purchased 3,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was bought at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the purchase, the director now directly owns 26,406 shares in the company, valued at $1,609,181.64. This trade represents a 12.82 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.

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.