Townsquare Capital LLC Has $300,000 Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Townsquare Capital LLC boosted its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 13.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,494 shares of the specialty retailer’s stock after buying an additional 550 shares during the period. Townsquare Capital LLC’s holdings in Lamb Weston were worth $300,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Lamb Weston in the 4th quarter valued at about $96,736,000. Boston Partners lifted its stake in Lamb Weston by 26.8% in the fourth quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer’s stock valued at $232,330,000 after buying an additional 735,901 shares during the period. Liberty One Investment Management LLC boosted its holdings in shares of Lamb Weston by 697.4% during the 4th quarter. Liberty One Investment Management LLC now owns 350,268 shares of the specialty retailer’s stock worth $23,408,000 after buying an additional 306,343 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Lamb Weston during the 4th quarter worth approximately $19,802,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of Lamb Weston by 97.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 588,027 shares of the specialty retailer’s stock valued at $39,298,000 after acquiring an additional 290,901 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Down 3.7 %

Lamb Weston stock opened at $51.58 on Tuesday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The stock has a market cap of $7.28 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 1.40 and a beta of 0.48. Lamb Weston Holdings, Inc. has a fifty-two week low of $47.90 and a fifty-two week high of $89.51. The firm’s 50-day simple moving average is $53.76 and its 200 day simple moving average is $64.48.

Lamb Weston (NYSE:LW) last released its earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.23. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. Lamb Weston’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.20 earnings per share. Research analysts predict that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston’s dividend payout ratio (DPR) is currently 58.04%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on LW shares. Wells Fargo & Company reduced their price target on shares of Lamb Weston from $72.00 to $66.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. StockNews.com raised Lamb Weston to a “sell” rating in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $57.00 price target on shares of Lamb Weston in a report on Wednesday, March 19th. Jefferies Financial Group lowered their target price on Lamb Weston from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Finally, Stifel Nicolaus reduced their price target on shares of Lamb Weston from $68.00 to $63.00 and set a “hold” rating for the company in a research report on Friday, April 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Lamb Weston currently has an average rating of “Hold” and an average price target of $71.27.

About Lamb Weston

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.