Clarkston Capital Partners LLC Sells 314,600 Shares of Lamb Weston $LW

Clarkston Capital Partners LLC lessened its stake in Lamb Weston (NYSE:LW) by 8.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,406,959 shares of the specialty retailer’s stock after selling 314,600 shares during the quarter. Lamb Weston accounts for 3.8% of Clarkston Capital Partners LLC’s investment portfolio, making the stock its 7th largest position. Clarkston Capital Partners LLC owned approximately 2.44% of Lamb Weston worth $176,651,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. American National Bank & Trust purchased a new position in Lamb Weston in the 2nd quarter valued at about $25,000. ST Germain D J Co. Inc. raised its holdings in Lamb Weston by 64.2% in the second quarter. ST Germain D J Co. Inc. now owns 537 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 210 shares during the period. Ameriflex Group Inc. lifted its holdings in shares of Lamb Weston by 407.7% during the 2nd quarter. Ameriflex Group Inc. now owns 594 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 477 shares in the last quarter. City State Bank lifted its stake in shares of Lamb Weston by 86.8% during the second quarter. City State Bank now owns 779 shares of the specialty retailer’s stock worth $40,000 after purchasing an additional 362 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in Lamb Weston by 519.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 843 shares of the specialty retailer’s stock worth $44,000 after acquiring an additional 707 shares in the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Stock Up 1.0%

Shares of Lamb Weston stock opened at $59.62 on Friday. The business has a 50-day moving average price of $60.74 and a 200 day moving average price of $56.49. Lamb Weston has a fifty-two week low of $47.87 and a fifty-two week high of $83.98. The firm has a market cap of $8.31 billion, a P/E ratio of 28.52, a P/E/G ratio of 3.95 and a beta of 0.51. The company has a quick ratio of 0.77, a current ratio of 1.49 and a debt-to-equity ratio of 2.05.

Lamb Weston (NYSE:LW) last issued its earnings results on Thursday, August 24th. The specialty retailer reported $0.64 EPS for the quarter. The company 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%. On average, sell-side analysts forecast that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, October 31st will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, October 31st. Lamb Weston’s dividend payout ratio is 70.81%.

Analyst Ratings Changes

A number of research firms recently weighed in on LW. Wells Fargo & Company raised their price target on shares of Lamb Weston from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, October 1st. Stifel Nicolaus set a $66.00 target price on Lamb Weston in a research note on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft lifted their target price on Lamb Weston from $59.00 to $61.00 and gave the stock a “hold” rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. initiated coverage on Lamb Weston in a report on Wednesday, August 20th. They issued a “neutral” rating and a $57.00 price target for the company. Finally, Cowen restated a “hold” rating on shares of Lamb Weston in a research note on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $65.70.

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.