Bernzott Capital Advisors Purchases 51,505 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Bernzott Capital Advisors lifted its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 110.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,145 shares of the specialty retailer’s stock after buying an additional 51,505 shares during the period. Lamb Weston comprises 2.7% of Bernzott Capital Advisors’ holdings, making the stock its 22nd largest position. Bernzott Capital Advisors owned 0.07% of Lamb Weston worth $6,354,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. WFA Asset Management Corp increased its holdings in Lamb Weston by 248.6% during the 1st quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 174 shares in the last quarter. City State Bank increased its holdings 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 purchasing an additional 150 shares in the last quarter. EntryPoint Capital LLC bought a new position in Lamb Weston during the 1st quarter worth about $28,000. Crewe Advisors LLC increased its holdings in Lamb Weston by 357.5% during the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 261 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new position in Lamb Weston during the 3rd quarter worth about $29,000. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Trading Down 0.1 %

Shares of NYSE:LW traded down $0.04 during mid-day trading on Tuesday, reaching $77.61. 586,117 shares of the company’s stock were exchanged, compared to its average volume of 2,543,164. The firm has a market capitalization of $11.21 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 1.38 and a beta of 0.75. The business’s fifty day moving average price is $67.07 and its 200-day moving average price is $74.48. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $111.88.

Lamb Weston (NYSE:LW) last released 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. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. Lamb Weston’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.63 earnings per share. On average, research analysts predict that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, November 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.86%. Lamb Weston’s dividend payout ratio is currently 19.23%.

Analyst Upgrades and Downgrades

LW has been the subject of several analyst reports. Citigroup raised their price objective on Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Wells Fargo & Company raised their target price on shares of Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. restated a “neutral” rating and set a $68.00 price objective (up from $63.00) on shares of Lamb Weston in a research report on Monday, October 7th. Barclays raised their price objective 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, The Goldman Sachs Group dropped their price target on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $82.22.

About Lamb Weston

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.