Lamb Weston Holdings Inc. (LW) Position Reduced by GSA Capital Partners LLP

GSA Capital Partners LLP reduced its holdings in shares of Lamb Weston Holdings Inc. (NYSE:LW) by 10.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,771 shares of the specialty retailer’s stock after selling 1,197 shares during the quarter. GSA Capital Partners LLP’s holdings in Lamb Weston were worth $458,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of LW. Schroder Investment Management Group purchased a new position in shares of Lamb Weston in the second quarter valued at $106,000. Advisory Services Network LLC grew its position in shares of Lamb Weston by 81.5% in the second quarter. Advisory Services Network LLC now owns 3,094 shares of the specialty retailer’s stock valued at $136,000 after purchasing an additional 1,389 shares in the last quarter. Massey Quick Simon & CO. LLC purchased a new position in shares of Lamb Weston in the third quarter valued at $146,000. IndexIQ Advisors LLC purchased a new position in Lamb Weston during the second quarter worth about $149,000. Finally, Huntington National Bank purchased a new position in Lamb Weston during the third quarter worth about $155,000. Institutional investors and hedge funds own 79.38% of the company’s stock.

Lamb Weston Holdings Inc. (NYSE:LW) opened at $57.22 on Friday. The company has a market capitalization of $8,195.80, a P/E ratio of 25.66, a price-to-earnings-growth ratio of 4.17 and a beta of 1.02. The company has a current ratio of 1.62, a quick ratio of 0.67 and a debt-to-equity ratio of -4.10. Lamb Weston Holdings Inc. has a 52-week low of $35.81 and a 52-week high of $57.99.

Lamb Weston (NYSE:LW) last posted its earnings results on Thursday, January 4th. The specialty retailer reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. Lamb Weston had a negative return on equity of 50.81% and a net margin of 10.31%. The firm had revenue of $824.60 million for the quarter, compared to the consensus estimate of $815.29 million. During the same quarter in the prior year, the business earned $0.63 EPS. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. equities research analysts forecast that Lamb Weston Holdings Inc. will post 2.36 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 2nd will be issued a dividend of $0.1913 per share. This is an increase from Lamb Weston’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.34%. Lamb Weston’s dividend payout ratio is 33.63%.

LW has been the subject of several recent analyst reports. Jefferies Group restated a “buy” rating and set a $53.00 target price on shares of Lamb Weston in a research report on Monday, September 25th. Morgan Stanley restated 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. Zacks Investment Research upgraded Lamb Weston from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Friday, October 6th. Bank of America lifted their price target on Lamb Weston from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Finally, Stifel Nicolaus lifted their price target on Lamb Weston from $54.00 to $58.00 and gave the stock a “hold” rating in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $53.13.

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Lamb Weston 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.

Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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