Lamb Weston Holdings Inc (LW) Shares Bought by 361 Capital LLC

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361 Capital LLC boosted its position in Lamb Weston Holdings Inc (NYSE:LW) by 12.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,411 shares of the specialty retailer’s stock after buying an additional 1,166 shares during the quarter. 361 Capital LLC’s holdings in Lamb Weston were worth $780,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of LW. Advisors Asset Management Inc. grew its position in Lamb Weston by 62.4% in the 4th quarter. Advisors Asset Management Inc. now owns 393 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 151 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Lamb Weston by 1.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 12,717 shares of the specialty retailer’s stock worth $953,000 after purchasing an additional 191 shares during the last quarter. Farmers & Merchants Investments Inc. grew its position in Lamb Weston by 15.3% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 1,491 shares of the specialty retailer’s stock worth $112,000 after purchasing an additional 198 shares during the last quarter. Bank of Montreal Can grew its position in Lamb Weston by 0.3% in the 1st quarter. Bank of Montreal Can now owns 71,192 shares of the specialty retailer’s stock worth $5,335,000 after purchasing an additional 205 shares during the last quarter. Finally, Bollard Group LLC grew its position in Lamb Weston by 0.8% in the 4th quarter. Bollard Group LLC now owns 27,299 shares of the specialty retailer’s stock worth $2,008,000 after purchasing an additional 216 shares during the last quarter. Institutional investors and hedge funds own 83.22% of the company’s stock.

NYSE LW opened at $63.66 on Thursday. Lamb Weston Holdings Inc has a 52-week low of $63.02 and a 52-week high of $83.86. The firm has a market capitalization of $9.90 billion, a price-to-earnings ratio of 23.93, a P/E/G ratio of 1.79 and a beta of -0.26.

Lamb Weston (NYSE:LW) last issued its earnings results on Tuesday, April 2nd. The specialty retailer reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.13. Lamb Weston had a net margin of 12.47% and a negative return on equity of 230.44%. The business had revenue of $926.80 million for the quarter, compared to analyst estimates of $898.46 million. During the same period in the previous year, the business earned $0.91 EPS. The firm’s revenue was up 7.3% on a year-over-year basis. Sell-side analysts predict that Lamb Weston Holdings Inc will post 3.2 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.26%. Lamb Weston’s dividend payout ratio (DPR) is currently 30.08%.

Several analysts have issued reports on the stock. Bank of America upgraded shares of Lamb Weston from a “neutral” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Tuesday, May 7th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Thursday, April 4th. Stifel Nicolaus raised their price target on shares of Lamb Weston from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Consumer Edge assumed coverage on shares of Lamb Weston in a research report on Friday, March 22nd. They issued an “outperform” rating on the stock. Finally, Daiwa Capital Markets assumed coverage on shares of Lamb Weston in a research report on Wednesday, February 27th. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Lamb Weston has a consensus rating of “Buy” and a consensus target price of $83.40.

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Lamb Weston Profile

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

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

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