Prospera Private Wealth LLC Takes Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Prospera Private Wealth LLC acquired a new position in Lamb Weston Holdings, Inc. (NYSE:LW) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 600 shares of the specialty retailer’s stock, valued at approximately $39,000.

Other hedge funds have also recently bought and sold shares of the company. City State Bank boosted its position in Lamb Weston by 56.2% during the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 150 shares during the period. EntryPoint Capital LLC acquired a new stake in Lamb Weston in the first quarter worth about $28,000. Crewe Advisors LLC grew its position in Lamb Weston by 357.5% in the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 261 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in Lamb Weston during the 3rd quarter valued at about $29,000. Finally, GAMMA Investing LLC raised its position 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 buying an additional 220 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors.

Lamb Weston Stock Performance

Lamb Weston stock opened at $76.92 on Friday. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88. The firm’s 50 day simple moving average is $72.85 and its 200-day simple moving average is $74.07. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. The company has a market cap of $10.97 billion, a P/E ratio of 18.06, a price-to-earnings-growth ratio of 1.34 and a beta of 0.72.

Lamb Weston (NYSE:LW) last announced its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the business earned $1.63 EPS. The company’s revenue was down .7% on a year-over-year basis. As a group, equities research analysts predict that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, November 1st. This represents a $1.44 annualized dividend and a yield of 1.87%. Lamb Weston’s dividend payout ratio (DPR) is presently 33.80%.

Analyst Ratings Changes

LW has been the topic of a number of research analyst reports. Consumer Edge lowered shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $68.00 price objective (up previously from $63.00) on shares of Lamb Weston in a research note on Monday, October 7th. TD Cowen raised their target price on Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, September 24th. Citigroup boosted their price target on shares of Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Barclays lifted their price objective on shares of Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Lamb Weston presently has a consensus rating of “Hold” and an average target price of $82.22.

Lamb Weston 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.