Quarry LP Purchases New Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Quarry LP acquired a new position in Lamb Weston Holdings, Inc. (NYSE:LW) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,352 shares of the specialty retailer’s stock, valued at approximately $88,000.

Other institutional investors have also added to or reduced their stakes in the company. City State Bank grew its holdings in shares of Lamb Weston by 56.2% in the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 150 shares during the last quarter. Crewe Advisors LLC lifted its position in shares of Lamb Weston by 357.5% in 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 during the period. Northwest Investment Counselors LLC purchased a new position in Lamb Weston during the third quarter valued at approximately $29,000. GAMMA Investing LLC raised its stake in Lamb Weston by 135.8% in the second 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. Finally, Riverview Trust Co purchased a new stake in Lamb Weston during the third quarter worth $35,000. Institutional investors own 89.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on LW. Stifel Nicolaus boosted their price target on Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Citigroup increased their price target on shares of Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. TD Cowen upped their price target on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, September 24th. Sanford C. Bernstein assumed coverage on shares of Lamb Weston in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price objective for the company. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $68.00 price objective (up from $63.00) on shares of Lamb Weston in a report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $82.50.

Lamb Weston Stock Performance

LW opened at $77.53 on Friday. The firm has a fifty day moving average price of $75.50 and a 200 day moving average price of $73.37. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $111.88. The stock has a market cap of $11.06 billion, a P/E ratio of 18.20, a P/E/G ratio of 1.39 and a beta of 0.70. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the firm posted $1.63 earnings per share. The company’s revenue was down .7% compared to the same quarter last year. Equities research analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current year.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 1st were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Friday, November 1st. Lamb Weston’s dividend payout ratio (DPR) is presently 33.80%.

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.