Lamb Weston Holdings, Inc. (NYSE:LW) Stock Holdings Raised by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC grew its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 108.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,107,929 shares of the specialty retailer’s stock after purchasing an additional 1,618,570 shares during the period. Lamb Weston makes up about 3.7% of Clarkston Capital Partners LLC’s portfolio, making the stock its 10th biggest position. Clarkston Capital Partners LLC owned about 2.18% of Lamb Weston worth $201,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of LW. QRG Capital Management Inc. purchased a new stake in shares of Lamb Weston during the first quarter valued at $206,000. Avantax Advisory Services Inc. boosted its holdings in shares of Lamb Weston by 3.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 3,806 shares of the specialty retailer’s stock valued at $405,000 after buying an additional 135 shares in the last quarter. Vanguard Group Inc. grew its holdings in Lamb Weston by 0.4% in the first quarter. Vanguard Group Inc. now owns 16,695,138 shares of the specialty retailer’s stock worth $1,778,533,000 after purchasing an additional 60,601 shares during the last quarter. Edgestream Partners L.P. purchased a new position in Lamb Weston during the 1st quarter worth $479,000. Finally, Bahl & Gaynor Inc. increased its holdings in shares of Lamb Weston by 2.4% during the first quarter. Bahl & Gaynor Inc. now owns 7,018 shares of the specialty retailer’s stock valued at $748,000 after acquiring an additional 166 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LW has been the topic of several research reports. Barclays upped their target price on Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Wells Fargo & Company increased their price target on shares of Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. Bank of America boosted their price objective on Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. restated a “neutral” rating and set a $68.00 price target (up previously from $63.00) on shares of Lamb Weston in a research report on Monday, October 7th. Finally, Citigroup increased their price objective on Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $82.22.

Lamb Weston Trading Down 6.1 %

Shares of Lamb Weston stock opened at $75.47 on Monday. The firm has a market capitalization of $10.76 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 1.35 and a beta of 0.72. 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 fifty-two week low of $52.99 and a fifty-two week high of $111.88. The stock has a 50 day moving average of $71.80 and a 200 day moving average of $74.21.

Lamb Weston (NYSE:LW) last posted its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, beating 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 firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the firm earned $1.63 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. As a group, research analysts predict that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a yield of 1.91%. Lamb Weston’s dividend payout ratio (DPR) is presently 33.80%.

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.