Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems lowered its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 8.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 10,009 shares of the specialty retailer’s stock after selling 872 shares during the quarter. Kentucky Retirement Systems’ holdings in Lamb Weston were worth $648,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. City State Bank grew its holdings in Lamb Weston by 56.2% during the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in Lamb Weston during the 1st quarter valued at $28,000. Crewe Advisors LLC grew its holdings in Lamb Weston by 357.5% during 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 in the last quarter. Northwest Investment Counselors LLC acquired a new stake in Lamb Weston during the 3rd quarter valued at $29,000. Finally, GAMMA Investing LLC grew its holdings in Lamb Weston by 135.8% during 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. Institutional investors and hedge funds own 89.56% of the company’s stock.

Wall Street Analysts Forecast Growth

LW has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered their price target on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, July 25th. TD Cowen raised their price target on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, September 24th. Wells Fargo & Company increased their price objective on shares of Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $68.00 price objective (up from $63.00) on shares of Lamb Weston in a research note on Monday, October 7th. Finally, Citigroup increased their price objective on shares of Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $82.22.

Lamb Weston Trading Down 2.3 %

Lamb Weston stock opened at $75.07 on Wednesday. The firm’s 50-day moving average is $72.07 and its 200-day moving average is $74.10. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $111.88. The company has a market cap of $10.70 billion, a P/E ratio of 17.62, a PEG ratio of 1.35 and a beta of 0.72.

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

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be given a $0.36 dividend. The ex-dividend date is Friday, November 1st. This represents a $1.44 annualized dividend and a yield of 1.92%. Lamb Weston’s dividend payout ratio is presently 33.80%.

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.