Freestone Grove Partners LP Buys New Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

Freestone Grove Partners LP purchased a new position in Lamb Weston Holdings, Inc. (NYSE:LW) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 639,710 shares of the specialty retailer’s stock, valued at approximately $42,752,000. Freestone Grove Partners LP owned 0.45% of Lamb Weston at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. West Oak Capital LLC increased its stake in Lamb Weston by 155.7% in the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 274 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in Lamb Weston in the 4th quarter worth approximately $35,000. SBI Securities Co. Ltd. acquired a new stake in Lamb Weston during the fourth quarter valued at $36,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Lamb Weston in the 4th quarter valued at approximately $47,000. Finally, Advantage Trust Co acquired a new position in shares of Lamb Weston during the 4th quarter worth $53,000. Institutional investors own 89.56% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $57.00 price objective on shares of Lamb Weston in a research note on Wednesday, March 19th. Jefferies Financial Group lowered their price target on Lamb Weston from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Stifel Nicolaus set a $56.00 price objective on shares of Lamb Weston and gave the company a “hold” rating in a research note on Thursday, April 24th. Wells Fargo & Company decreased their price target on Lamb Weston from $72.00 to $66.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. Finally, StockNews.com cut shares of Lamb Weston from a “hold” rating to a “sell” rating in a research note on Wednesday. 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’s stock. According to data from MarketBeat, Lamb Weston has a consensus rating of “Hold” and an average target price of $70.64.

Lamb Weston Stock Up 1.3 %

Shares of NYSE LW opened at $52.84 on Thursday. The firm’s 50-day moving average is $53.05 and its 200-day moving average is $63.68. The firm has a market capitalization of $7.46 billion, a PE ratio of 20.89, a price-to-earnings-growth ratio of 1.40 and a beta of 0.48. Lamb Weston Holdings, Inc. has a 1 year low of $47.90 and a 1 year high of $89.51. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.23. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm earned $1.20 EPS. Lamb Weston’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities analysts expect that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, May 2nd. This represents a $1.48 annualized dividend and a yield of 2.80%. Lamb Weston’s dividend payout ratio (DPR) is currently 58.04%.

Lamb Weston Company 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.