Allworth Financial LP Has $88,000 Position in Lamb Weston (NYSE:LW)

Allworth Financial LP increased its holdings in shares of Lamb Weston (NYSE:LW) by 36.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,666 shares of the specialty retailer’s stock after purchasing an additional 443 shares during the period. Allworth Financial LP’s holdings in Lamb Weston were worth $88,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sei Investments Co. grew its position in Lamb Weston by 10.3% during the 4th quarter. Sei Investments Co. now owns 116,036 shares of the specialty retailer’s stock worth $7,755,000 after acquiring an additional 10,855 shares during the last quarter. Atlas FRM LLC acquired a new position in Lamb Weston in the fourth quarter valued at approximately $20,383,000. Soviero Asset Management LP acquired a new position in shares of Lamb Weston during the fourth quarter valued at about $3,342,000. Envestnet Asset Management Inc. raised its holdings in shares of Lamb Weston by 23.0% during the first quarter. Envestnet Asset Management Inc. now owns 723,215 shares of the specialty retailer’s stock valued at $38,547,000 after purchasing an additional 135,188 shares during the period. Finally, Siemens Fonds Invest GmbH purchased a new stake in shares of Lamb Weston in the fourth quarter worth approximately $823,000. Institutional investors own 89.56% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on LW shares. Wells Fargo & Company lowered their price objective on shares of Lamb Weston from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 9th. Stifel Nicolaus set a $56.00 target price on shares of Lamb Weston and gave the stock a “hold” rating in a report on Thursday, April 24th. Jefferies Financial Group decreased their price objective on shares of Lamb Weston from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Barclays reduced their price objective on Lamb Weston from $69.00 to $61.00 and set an “overweight” rating on the stock in a research report on Monday, May 12th. Finally, Wall Street Zen raised Lamb Weston from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $67.64.

Lamb Weston Stock Up 0.9%

LW stock opened at $50.47 on Friday. The stock has a market capitalization of $7.12 billion, a P/E ratio of 19.79, a P/E/G ratio of 1.12 and a beta of 0.46. Lamb Weston has a 52 week low of $47.90 and a 52 week high of $83.98. The firm has a 50-day simple moving average of $53.02 and a 200-day simple moving average of $54.94. The company has a quick ratio of 0.58, a current ratio of 1.35 and a debt-to-equity ratio of 2.25.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 1st will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Friday, August 1st. Lamb Weston’s payout ratio is currently 58.04%.

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.