16,726 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Bought by Brendel Financial Advisors LLC

Brendel Financial Advisors LLC acquired a new position in Lamb Weston Holdings, Inc. (NYSE:LW) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,726 shares of the specialty retailer’s stock, valued at approximately $1,808,000.

A number of other large investors have also recently bought and sold shares of the business. Hussman Strategic Advisors Inc. boosted its holdings in Lamb Weston by 33.3% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 42,000 shares of the specialty retailer’s stock valued at $4,540,000 after acquiring an additional 10,500 shares during the period. CWM LLC boosted its holdings in Lamb Weston by 629.2% during the fourth quarter. CWM LLC now owns 31,741 shares of the specialty retailer’s stock valued at $3,431,000 after acquiring an additional 27,388 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Lamb Weston by 2.7% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,248 shares of the specialty retailer’s stock valued at $1,432,000 after acquiring an additional 348 shares during the period. Signaturefd LLC boosted its holdings in Lamb Weston by 22.0% during the fourth quarter. Signaturefd LLC now owns 1,665 shares of the specialty retailer’s stock valued at $180,000 after acquiring an additional 300 shares during the period. Finally, Lindbrook Capital LLC boosted its holdings in Lamb Weston by 7.8% during the fourth quarter. Lindbrook Capital LLC now owns 2,502 shares of the specialty retailer’s stock valued at $270,000 after acquiring an additional 182 shares during the period. 89.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. BNP Paribas assumed coverage on shares of Lamb Weston in a research report on Monday, March 11th. They set an “outperform” rating and a $128.00 price objective for the company. Bank of America cut their price objective on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, April 5th. StockNews.com lowered shares of Lamb Weston from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Citigroup cut their price objective on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a research report on Monday, April 8th. Finally, Barclays cut their price objective on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $117.40.

Lamb Weston Stock Performance

Shares of LW stock traded up $0.71 during midday trading on Friday, hitting $81.00. 2,441,843 shares of the company were exchanged, compared to its average volume of 4,330,517. Lamb Weston Holdings, Inc. has a 52 week low of $77.41 and a 52 week high of $117.38. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.52 and a current ratio of 1.19. The firm’s 50 day moving average price is $97.40 and its two-hundred day moving average price is $98.84. The firm has a market capitalization of $11.70 billion, a P/E ratio of 10.81, a PEG ratio of 1.32 and a beta of 0.72.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.20). Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the company earned $1.43 earnings per share. Lamb Weston’s revenue for the quarter was up 16.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Lamb Weston Holdings, Inc. will post 5.52 earnings per share for the current year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.78%. The ex-dividend date is Thursday, May 2nd. Lamb Weston’s dividend payout ratio is presently 19.23%.

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.