Lamb Weston Holdings, Inc. (NYSE:LW) Shares Bought by West Oak Capital LLC

West Oak Capital LLC lifted its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 155.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 450 shares of the specialty retailer’s stock after acquiring an additional 274 shares during the period. West Oak Capital LLC’s holdings in Lamb Weston were worth $30,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. State Street Corp grew its position in shares of Lamb Weston by 9.7% during the third quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer’s stock worth $402,791,000 after acquiring an additional 549,812 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Lamb Weston by 0.7% during the third quarter. Geode Capital Management LLC now owns 3,388,056 shares of the specialty retailer’s stock worth $218,598,000 after acquiring an additional 24,097 shares during the last quarter. Clarkston Capital Partners LLC grew its position in shares of Lamb Weston by 108.7% during the third quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock worth $201,207,000 after acquiring an additional 1,618,570 shares during the last quarter. TPG GP A LLC grew its position in shares of Lamb Weston by 74.4% during the second quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer’s stock worth $245,869,000 after acquiring an additional 1,247,206 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Lamb Weston by 5.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,045,582 shares of the specialty retailer’s stock worth $171,993,000 after acquiring an additional 114,049 shares during the last quarter. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Performance

NYSE:LW opened at $60.83 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $110.61. The firm has a market cap of $8.68 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 1.42 and a beta of 0.73. The company has a 50-day moving average of $73.60 and a 200-day moving average of $70.51.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the prior year, the company posted $1.45 earnings per share. Lamb Weston’s quarterly revenue was down 7.5% compared to the same quarter last year. Analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, January 31st. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a yield of 2.43%. Lamb Weston’s dividend payout ratio is currently 58.50%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LW. Barclays decreased their target price on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. Stifel Nicolaus decreased their target price on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a research report on Friday, December 20th. Citigroup lowered shares of Lamb Weston from a “buy” rating to a “neutral” rating and decreased their target price for the company from $90.00 to $68.00 in a research report on Friday, December 20th. Deutsche Bank Aktiengesellschaft began coverage on shares of Lamb Weston in a research report on Thursday, December 12th. They issued a “hold” rating and a $81.00 target price for the company. Finally, 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. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $81.00.

Insider Buying and Selling at Lamb Weston

In related news, Director Charles A. Blixt purchased 1,200 shares of Lamb Weston stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of $63.25 per share, with a total value of $75,900.00. Following the completion of the transaction, the director now directly owns 22,982 shares of the company’s stock, valued at $1,453,611.50. This trade represents a 5.51 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.72% of the company’s stock.

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.