Dark Forest Capital Management LP Buys New Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Dark Forest Capital Management LP purchased a new position in Lamb Weston Holdings, Inc. (NYSE:LW) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,631 shares of the specialty retailer’s stock, valued at approximately $221,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. WFA Asset Management Corp increased its holdings in shares of Lamb Weston by 248.6% in the first quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 174 shares during the last quarter. EntryPoint Capital LLC purchased a new position in Lamb Weston during the 1st quarter valued at approximately $28,000. Redmont Wealth Advisors LLC bought a new stake in Lamb Weston in the 1st quarter worth approximately $32,000. Crewe Advisors LLC increased its stake 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 acquiring an additional 261 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Lamb Weston by 135.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 220 shares in the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director William G. Jurgensen bought 10,000 shares of the company’s stock in a transaction on Friday, July 26th. The shares were acquired at an average cost of $55.43 per share, for a total transaction of $554,300.00. Following the purchase, the director now directly owns 173,377 shares of the company’s stock, valued at $9,610,287.11. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 1.66% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on LW. The Goldman Sachs Group reduced their price target on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Stifel Nicolaus downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating and reduced their target price for the stock from $115.00 to $60.00 in a report on Thursday, July 25th. Bank of America upped their target price on shares of Lamb Weston from $66.00 to $68.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. TD Cowen boosted their price objective on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, September 24th. Finally, Citigroup upped their price objective on Lamb Weston from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Lamb Weston currently has an average rating of “Moderate Buy” and an average target price of $80.70.

Lamb Weston Stock Down 3.1 %

Shares of NYSE LW opened at $64.74 on Tuesday. The company has a market cap of $9.35 billion, a P/E ratio of 8.62, a PEG ratio of 6.18 and a beta of 0.75. The firm has a 50-day simple moving average of $62.18 and a two-hundred day simple moving average of $78.18. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $111.88. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.29 and a quick ratio of 0.59.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.46). Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Research analysts anticipate that Lamb Weston Holdings, Inc. will post 4.54 earnings per share for the current 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 paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston’s dividend payout ratio is presently 19.23%.

About Lamb Weston

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.