Lamb Weston Holdings, Inc. (NYSE:LW) Shares Bought by Captrust Financial Advisors

Captrust Financial Advisors boosted its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 10.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,064 shares of the specialty retailer’s stock after buying an additional 835 shares during the quarter. Captrust Financial Advisors’ holdings in Lamb Weston were worth $587,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Clarkston Capital Partners LLC increased its position in shares of Lamb Weston by 108.7% in the 3rd quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock valued at $201,207,000 after purchasing an additional 1,618,570 shares during the last quarter. TPG GP A LLC increased its position in shares of Lamb Weston by 74.4% in the 2nd quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer’s stock valued at $245,869,000 after purchasing an additional 1,247,206 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Lamb Weston by 5.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,045,582 shares of the specialty retailer’s stock valued at $171,993,000 after purchasing an additional 114,049 shares during the last quarter. Champlain Investment Partners LLC increased its position in shares of Lamb Weston by 31.6% in the 3rd quarter. Champlain Investment Partners LLC now owns 1,951,025 shares of the specialty retailer’s stock valued at $126,309,000 after purchasing an additional 468,190 shares during the last quarter. Finally, Marshall Wace LLP increased its position in shares of Lamb Weston by 78.5% in the 2nd quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer’s stock valued at $158,790,000 after purchasing an additional 830,511 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Stock Down 1.1 %

LW stock opened at $74.93 on Thursday. Lamb Weston Holdings, Inc. has a one year low of $52.99 and a one year high of $111.88. The stock has a market capitalization of $10.69 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 1.39 and a beta of 0.70. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. The company has a fifty day moving average of $76.15 and a 200-day moving average of $73.11.

Lamb Weston (NYSE:LW) last released its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the business earned $1.63 EPS. The business’s revenue was down .7% on a year-over-year basis. As a group, analysts expect that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 1st were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Friday, November 1st. Lamb Weston’s dividend payout ratio (DPR) is presently 33.80%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Stifel Nicolaus increased their price objective on shares of Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Wells Fargo & Company increased their target price on shares of Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. TD Cowen increased their target price on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, September 24th. Sanford C. Bernstein initiated coverage on shares of Lamb Weston in a research report on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 target price on the stock. Finally, Barclays raised their price objective on shares of Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $82.50.

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.