SRN Advisors LLC Lowers Position in Lamb Weston Holdings, Inc. (NYSE:LW)

SRN Advisors LLC decreased its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 4.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,382 shares of the specialty retailer’s stock after selling 356 shares during the quarter. SRN Advisors LLC’s holdings in Lamb Weston were worth $543,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. purchased a new position in Lamb Weston in the first quarter valued at $63,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Lamb Weston by 11.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,224 shares of the specialty retailer’s stock valued at $557,000 after purchasing an additional 538 shares in the last quarter. Oliver Luxxe Assets LLC raised its holdings in Lamb Weston by 71.4% in the 1st quarter. Oliver Luxxe Assets LLC now owns 18,123 shares of the specialty retailer’s stock worth $1,931,000 after purchasing an additional 7,551 shares during the period. WFA Asset Management Corp boosted its position in Lamb Weston by 248.6% during the first quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 174 shares in the last quarter. Finally, Graphene Investments SAS acquired a new stake in Lamb Weston in the first quarter valued at approximately $3,569,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Stock Down 0.6 %

Shares of NYSE LW opened at $76.92 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. The company has a 50-day moving average of $66.77 and a 200 day moving average of $74.55. Lamb Weston Holdings, Inc. has a 12-month low of $52.99 and a 12-month high of $111.88. The stock has a market cap of $10.97 billion, a PE ratio of 18.06, a P/E/G ratio of 1.38 and a beta of 0.75.

Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the business earned $1.63 earnings per share. The business’s revenue was down .7% compared to the same quarter last year. As a group, sell-side analysts predict that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.87%. Lamb Weston’s dividend payout ratio is presently 33.80%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LW shares. Stifel Nicolaus upped their target price on Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a research note on Friday. JPMorgan Chase & Co. restated a “neutral” rating and set a $68.00 price objective (up from $63.00) on shares of Lamb Weston in a research report on Monday, October 7th. Citigroup lifted their target price on shares of Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group reduced their price target on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Finally, TD Cowen lifted their price objective on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $82.22.

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.