Banbury Partners LLC raised its holdings in Lamb Weston Holdings Inc. (NYSE:LW) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 624,926 shares of the specialty retailer’s stock after buying an additional 1,868 shares during the quarter. Lamb Weston accounts for 7.2% of Banbury Partners LLC’s investment portfolio, making the stock its 7th largest holding. Banbury Partners LLC owned about 0.43% of Lamb Weston worth $29,303,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of LW. Dimensional Fund Advisors LP lifted its stake in Lamb Weston by 23.1% in the first quarter. Dimensional Fund Advisors LP now owns 342,995 shares of the specialty retailer’s stock valued at $14,426,000 after buying an additional 64,340 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Lamb Weston during the first quarter worth approximately $3,441,000. Bessemer Group Inc. raised its position in shares of Lamb Weston by 3.4% during the second quarter. Bessemer Group Inc. now owns 4,462 shares of the specialty retailer’s stock worth $197,000 after purchasing an additional 145 shares during the period. Daiwa Securities Group Inc. acquired a new position in shares of Lamb Weston during the second quarter worth approximately $1,326,000. Finally, Sei Investments Co. raised its position in shares of Lamb Weston by 277.3% during the second quarter. Sei Investments Co. now owns 116,584 shares of the specialty retailer’s stock worth $5,134,000 after purchasing an additional 85,684 shares during the period. 79.41% of the stock is currently owned by hedge funds and other institutional investors.
LW has been the topic of a number of research reports. Zacks Investment Research raised Lamb Weston from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Friday, October 6th. Morgan Stanley reaffirmed an “equal weight” rating and set a $50.00 target price (up from $46.00) on shares of Lamb Weston in a research report on Thursday, October 5th. Jefferies Group reaffirmed a “buy” rating and set a $58.00 target price (up from $53.00) on shares of Lamb Weston in a research report on Thursday, October 5th. Finally, Bank of America upped their target price on Lamb Weston from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $50.63.
Lamb Weston (NYSE:LW) last released its quarterly earnings results on Wednesday, October 4th. The specialty retailer reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. The business had revenue of $817.50 million during the quarter, compared to analyst estimates of $795.61 million. Lamb Weston had a negative return on equity of 50.81% and a net margin of 10.31%. Lamb Weston’s revenue was up 5.3% compared to the same quarter last year. sell-side analysts expect that Lamb Weston Holdings Inc. will post 2.36 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 3rd were given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, November 2nd. Lamb Weston’s payout ratio is currently 33.63%.
Lamb Weston Company Profile
Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.
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