Gabelli Funds LLC Increases Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Gabelli Funds LLC raised its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LWFree Report) by 40.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,000 shares of the specialty retailer’s stock after buying an additional 8,000 shares during the period. Gabelli Funds LLC’s holdings in Lamb Weston were worth $3,027,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. VisionPoint Advisory Group LLC raised its stake in Lamb Weston by 113.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 161 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Lamb Weston during the 4th quarter valued at $51,000. Benjamin F. Edwards & Company Inc. grew its position in shares of Lamb Weston by 864.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 482 shares of the specialty retailer’s stock valued at $52,000 after acquiring an additional 432 shares during the period. Covestor Ltd grew its position in shares of Lamb Weston by 300.6% during the 3rd quarter. Covestor Ltd now owns 1,294 shares of the specialty retailer’s stock valued at $120,000 after acquiring an additional 971 shares during the period. Finally, Desjardins Global Asset Management Inc. grew its position in shares of Lamb Weston by 537.1% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,134 shares of the specialty retailer’s stock valued at $123,000 after acquiring an additional 956 shares during the period. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Lamb Weston Stock Down 0.2 %

LW opened at $85.84 on Friday. The firm has a 50-day simple moving average of $85.42 and a two-hundred day simple moving average of $97.36. Lamb Weston Holdings, Inc. has a 52 week low of $77.41 and a 52 week high of $117.38. The company has a market capitalization of $12.39 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 1.25 and a beta of 0.75. The company has a quick ratio of 0.52, a current ratio of 1.19 and a debt-to-equity ratio of 1.81.

Lamb Weston (NYSE:LWGet Free Report) last released its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.20). Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the company earned $1.43 EPS. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. Analysts forecast that Lamb Weston Holdings, Inc. will post 5.54 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 3rd were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Thursday, May 2nd. Lamb Weston’s dividend payout ratio is 19.23%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Bank of America cut their price objective on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, April 5th. BNP Paribas assumed coverage on shares of Lamb Weston in a research report on Monday, March 11th. They set an “outperform” rating and a $128.00 price objective for the company. Barclays cut their price objective on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Monday, April 8th. Stifel Nicolaus dropped their target price on shares of Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, April 5th. Finally, Wells Fargo & Company dropped their target price on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $117.40.

Get Our Latest Research Report on LW

Lamb Weston Profile

(Free Report)

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.

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

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