905 Shares in Lamb Weston (NYSE:LW) Acquired by CX Institutional

CX Institutional acquired a new position in shares of Lamb Weston (NYSE:LW) during the 1st quarter, Holdings Channel.com reports. The firm acquired 905 shares of the specialty retailer’s stock, valued at approximately $48,000.

A number of other institutional investors and hedge funds have also bought and sold shares of LW. Whipplewood Advisors LLC increased its holdings in Lamb Weston by 3,466.7% during the first quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 520 shares during the period. Putney Financial Group LLC purchased a new stake in Lamb Weston during the fourth quarter worth $34,000. SBI Securities Co. Ltd. bought a new stake in Lamb Weston during the 4th quarter valued at $36,000. Advantage Trust Co purchased a new position in shares of Lamb Weston in the 4th quarter valued at $53,000. Finally, Allworth Financial LP raised its position in shares of Lamb Weston by 16.1% in the 4th quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer’s stock worth $74,000 after acquiring an additional 170 shares in the last quarter. 89.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LW has been the subject of several analyst reports. Jefferies Financial Group decreased their price target on shares of Lamb Weston from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Wall Street Zen upgraded shares of Lamb Weston from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th. Stifel Nicolaus set a $56.00 target price on shares of Lamb Weston and gave the company a “hold” rating in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $57.00 price target on shares of Lamb Weston in a report on Wednesday, March 19th. Finally, Wells Fargo & Company reduced their price target on Lamb Weston from $72.00 to $66.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 2nd. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lamb Weston presently has an average rating of “Hold” and an average target price of $69.91.

Lamb Weston Trading Down 2.4%

NYSE:LW opened at $53.96 on Wednesday. The company has a market capitalization of $7.62 billion, a P/E ratio of 21.16, a PEG ratio of 1.20 and a beta of 0.49. The company has a current ratio of 1.35, a quick ratio of 0.58 and a debt-to-equity ratio of 2.25. Lamb Weston has a 12 month low of $47.90 and a 12 month high of $87.24. The firm has a fifty day simple moving average of $53.26 and a 200-day simple moving average of $57.96.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.23. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Lamb Weston had a return on equity of 27.25% and a net margin of 5.74%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.20 EPS. On average, equities research analysts anticipate that Lamb Weston will post 3.1 earnings per share for the current year.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 2nd were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.74%. Lamb Weston’s dividend payout ratio is presently 58.04%.

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.