9,553 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Bought by Trexquant Investment LP

Trexquant Investment LP acquired a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LWGet Rating) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,553 shares of the specialty retailer’s stock, valued at approximately $683,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC raised its holdings in shares of Lamb Weston by 12.1% in the second quarter. Parallel Advisors LLC now owns 1,379 shares of the specialty retailer’s stock worth $99,000 after acquiring an additional 149 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Lamb Weston by 1.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 10,209 shares of the specialty retailer’s stock worth $730,000 after acquiring an additional 152 shares during the last quarter. FDx Advisors Inc. raised its holdings in shares of Lamb Weston by 3.6% in the second quarter. FDx Advisors Inc. now owns 4,586 shares of the specialty retailer’s stock worth $328,000 after acquiring an additional 160 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Lamb Weston by 7.5% in the first quarter. EverSource Wealth Advisors LLC now owns 2,355 shares of the specialty retailer’s stock valued at $140,000 after purchasing an additional 165 shares during the period. Finally, Hartford Investment Management Co. grew its position in shares of Lamb Weston by 1.2% in the second quarter. Hartford Investment Management Co. now owns 13,843 shares of the specialty retailer’s stock valued at $989,000 after purchasing an additional 165 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Price Performance

LW stock opened at $86.40 on Friday. The stock has a 50-day moving average price of $82.37 and a two-hundred day moving average price of $76.42. Lamb Weston Holdings, Inc. has a 12-month low of $49.71 and a 12-month high of $88.04. The company has a current ratio of 2.09, a quick ratio of 1.27 and a debt-to-equity ratio of 5.29. The company has a market cap of $12.43 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 1.06 and a beta of 0.54.

Lamb Weston (NYSE:LWGet Rating) last issued its earnings results on Wednesday, October 5th. The specialty retailer reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.23. Lamb Weston had a return on equity of 93.98% and a net margin of 9.50%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the business earned $0.20 earnings per share. The company’s revenue was up 14.3% compared to the same quarter last year. As a group, research analysts predict that Lamb Weston Holdings, Inc. will post 3.03 EPS for the current year.

Lamb Weston Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 4th will be given a $0.245 dividend. This represents a $0.98 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Thursday, November 3rd. Lamb Weston’s payout ratio is 35.38%.

Insider Buying and Selling

In related news, SVP Sharon L. Miller sold 4,678 shares of the business’s stock in a transaction dated Thursday, October 13th. The stock was sold at an average price of $85.00, for a total value of $397,630.00. Following the transaction, the senior vice president now owns 59,678 shares in the company, valued at $5,072,630. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LW. Bank of America lifted their price objective on Lamb Weston from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, October 6th. TheStreet raised Lamb Weston from a “c+” rating to a “b” rating in a research report on Wednesday, October 5th. Stifel Nicolaus lifted their price objective on Lamb Weston from $82.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, October 6th. JPMorgan Chase & Co. lifted their price objective on Lamb Weston from $98.00 to $101.00 and gave the company an “overweight” rating in a research report on Thursday, October 6th. Finally, The Goldman Sachs Group lifted their price objective on Lamb Weston from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, October 12th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $88.20.

Lamb Weston Company Profile

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Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.

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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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