Brown Brothers Harriman & Co. Purchases 3,000 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Brown Brothers Harriman & Co. lifted its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 410.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,731 shares of the specialty retailer’s stock after acquiring an additional 3,000 shares during the period. Brown Brothers Harriman & Co.’s holdings in Lamb Weston were worth $314,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC boosted its holdings in Lamb Weston by 27.1% in the fourth quarter. Private Advisor Group LLC now owns 3,043 shares of the specialty retailer’s stock worth $329,000 after purchasing an additional 649 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in Lamb Weston by 9.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 3,671 shares of the specialty retailer’s stock worth $397,000 after purchasing an additional 308 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Lamb Weston by 25.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 34,461 shares of the specialty retailer’s stock worth $3,725,000 after purchasing an additional 7,028 shares during the last quarter. Brown Advisory Inc. purchased a new stake in Lamb Weston in the fourth quarter worth approximately $234,000. Finally, Norges Bank purchased a new stake in Lamb Weston in the fourth quarter worth approximately $93,553,000. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Up 0.1 %

LW opened at $65.77 on Thursday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.59 and a current ratio of 1.29. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88. The firm’s fifty day moving average is $63.96 and its 200 day moving average is $80.13. The stock has a market cap of $9.50 billion, a price-to-earnings ratio of 8.78, a price-to-earnings-growth ratio of 5.96 and a beta of 0.75.

Lamb Weston (NYSE:LW) last released its earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.46). Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.71 billion. On average, sell-side analysts forecast that Lamb Weston Holdings, Inc. will post 4.54 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 2nd were issued a $0.36 dividend. The ex-dividend date was Friday, August 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 2.19%. Lamb Weston’s dividend payout ratio is currently 19.23%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Citigroup dropped their target price on shares of Lamb Weston from $106.00 to $104.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Bank of America lifted their price target on shares of Lamb Weston from $66.00 to $68.00 and gave the stock a “neutral” rating in a research note on Tuesday. Stifel Nicolaus cut shares of Lamb Weston from a “buy” rating to a “hold” rating and dropped their price target for the stock from $115.00 to $60.00 in a research note on Thursday, July 25th. Consumer Edge cut shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th. Finally, TD Cowen cut shares of Lamb Weston from a “buy” rating to a “hold” rating and dropped their price target for the stock from $105.00 to $61.00 in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.20.

Insider Buying and Selling at Lamb Weston

In related news, Director William G. Jurgensen purchased 10,000 shares of Lamb Weston stock in a transaction on Friday, July 26th. The shares were bought at an average cost of $55.43 per share, for a total transaction of $554,300.00. Following the acquisition, the director now owns 173,377 shares in the company, valued at approximately $9,610,287.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.66% of the stock is currently owned by insiders.

Lamb Weston 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.