Lamb Weston Holdings, Inc. (NYSE:LW) Stock Position Raised by Bridgewater Associates LP

Bridgewater Associates LP increased its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 11.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 288,259 shares of the specialty retailer’s stock after buying an additional 30,303 shares during the quarter. Bridgewater Associates LP’s holdings in Lamb Weston were worth $18,662,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. City State Bank grew its holdings in shares of 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 acquiring an additional 150 shares in the last quarter. Crewe Advisors LLC lifted its holdings in Lamb Weston by 357.5% in the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 261 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in Lamb Weston during the third quarter worth approximately $29,000. GAMMA Investing LLC grew its holdings in Lamb Weston by 135.8% during the second quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 220 shares during the last quarter. Finally, Riverview Trust Co bought a new position in shares of Lamb Weston in the third quarter valued at approximately $35,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LW shares. Barclays raised their target price on shares of Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Bank of America lifted their price objective on Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Citigroup raised their target price on Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. TD Cowen increased 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. Finally, Stifel Nicolaus raised their target price on Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $82.22.

Lamb Weston Trading Down 0.2 %

Shares of Lamb Weston stock opened at $76.71 on Thursday. The stock has a market capitalization of $10.94 billion, a P/E ratio of 18.01, a price-to-earnings-growth ratio of 1.37 and a beta of 0.72. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. Lamb Weston Holdings, Inc. has a 12-month low of $52.99 and a 12-month high of $111.88. The company has a 50-day simple moving average of $73.57 and a 200 day simple moving average of $73.76.

Lamb Weston (NYSE:LW) last announced 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. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.63 earnings per share. Research analysts expect that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston’s dividend payout ratio is currently 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.