Y Intercept Hong Kong Ltd Sells 13,848 Shares of Lamb Weston $LW

Y Intercept Hong Kong Ltd lowered its position in Lamb Weston (NYSE:LW) by 51.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,086 shares of the specialty retailer’s stock after selling 13,848 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Lamb Weston were worth $679,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Lamb Weston by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 17,072,932 shares of the specialty retailer’s stock worth $909,987,000 after acquiring an additional 426,045 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Lamb Weston by 49.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,500,503 shares of the specialty retailer’s stock worth $239,877,000 after acquiring an additional 1,483,559 shares in the last quarter. Invesco Ltd. raised its position in shares of Lamb Weston by 25.7% in the 1st quarter. Invesco Ltd. now owns 4,055,902 shares of the specialty retailer’s stock worth $216,180,000 after acquiring an additional 829,207 shares in the last quarter. Clarkston Capital Partners LLC raised its position in shares of Lamb Weston by 21.1% in the 1st quarter. Clarkston Capital Partners LLC now owns 3,721,559 shares of the specialty retailer’s stock worth $198,359,000 after acquiring an additional 648,855 shares in the last quarter. Finally, Gates Capital Management Inc. increased its position in Lamb Weston by 49.8% during the 1st quarter. Gates Capital Management Inc. now owns 2,016,142 shares of the specialty retailer’s stock valued at $107,460,000 after buying an additional 670,611 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on LW shares. BNP Paribas Exane raised their price objective on Lamb Weston from $64.00 to $66.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft raised their price objective on Lamb Weston from $59.00 to $61.00 and gave the company a “hold” rating in a research report on Wednesday, October 1st. Weiss Ratings lowered Lamb Weston from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. Stifel Nicolaus set a $66.00 price objective on Lamb Weston in a research report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. started coverage on Lamb Weston in a research report on Wednesday, August 20th. They set a “neutral” rating and a $57.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $65.70.

Lamb Weston Stock Up 1.1%

Lamb Weston stock opened at $62.69 on Thursday. The firm has a market cap of $8.74 billion, a price-to-earnings ratio of 29.99, a PEG ratio of 4.11 and a beta of 0.51. The stock has a fifty day simple moving average of $60.21 and a two-hundred day simple moving average of $55.78. Lamb Weston has a 12 month low of $47.87 and a 12 month high of $83.98. The company has a current ratio of 1.49, a quick ratio of 0.77 and a debt-to-equity ratio of 2.05.

Lamb Weston (NYSE:LW) last posted its earnings results on Thursday, August 24th. The specialty retailer reported $0.64 EPS for the quarter. The business had revenue of $1.15 billion during the quarter. Lamb Weston had a return on equity of 28.08% and a net margin of 4.56%. Equities analysts predict that Lamb Weston will post 3.1 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, October 31st will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, October 31st. Lamb Weston’s dividend payout ratio (DPR) is 70.81%.

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.