ArrowMark Colorado Holdings LLC Trims Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

ArrowMark Colorado Holdings LLC lessened its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 73.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,396 shares of the specialty retailer’s stock after selling 192,686 shares during the quarter. ArrowMark Colorado Holdings LLC owned 0.05% of Lamb Weston worth $4,622,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Benjamin Edwards Inc. bought a new position in shares of Lamb Weston during the third quarter worth about $282,000. Scopia Capital Management LP boosted its holdings in Lamb Weston by 6.0% in the third quarter. Scopia Capital Management LP now owns 182,683 shares of the specialty retailer’s stock worth $11,827,000 after purchasing an additional 10,271 shares during the period. Southpoint Capital Advisors LP bought a new stake in Lamb Weston during the third quarter valued at $129,480,000. Verition Fund Management LLC lifted its position in shares of Lamb Weston by 2,198.4% in the 3rd quarter. Verition Fund Management LLC now owns 315,597 shares of the specialty retailer’s stock worth $20,432,000 after buying an additional 301,866 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of Lamb Weston by 10.1% in the 3rd quarter. Captrust Financial Advisors now owns 9,064 shares of the specialty retailer’s stock valued at $587,000 after buying an additional 835 shares during the period. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Lamb Weston Stock Up 1.5 %

LW stock opened at $78.36 on Tuesday. The firm’s 50-day moving average is $74.51 and its two-hundred day moving average is $73.52. The company has a market capitalization of $11.17 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 1.38 and a beta of 0.70. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $111.88. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87.

Lamb Weston (NYSE:LW) last announced its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.63 earnings per share. On average, analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 1st were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.44 annualized dividend and a yield of 1.84%. Lamb Weston’s dividend payout ratio is currently 33.80%.

Analyst Ratings Changes

A number of brokerages have issued reports on LW. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $68.00 target price (up previously from $63.00) on shares of Lamb Weston in a report on Monday, October 7th. Citigroup upped their price objective on Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company raised their target price on Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. Barclays upped their price target on shares of Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Finally, Stifel Nicolaus boosted their target price on shares of Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $82.22.

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.