Parr Mcknight Wealth Management Group LLC Invests $820,000 in Lamb Weston Holdings, Inc. (NYSE:LW)

Parr Mcknight Wealth Management Group LLC acquired a new stake in Lamb Weston Holdings, Inc. (NYSE:LW) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,265 shares of the specialty retailer’s stock, valued at approximately $820,000.

A number of other institutional investors also recently bought and sold shares of the stock. Stonebridge Financial Group LLC purchased a new stake in Lamb Weston during the 4th quarter valued at about $35,000. SBI Securities Co. Ltd. acquired a new position in Lamb Weston in the 4th quarter worth approximately $36,000. Wingate Wealth Advisors Inc. purchased a new position in Lamb Weston during the 4th quarter worth approximately $47,000. Advantage Trust Co purchased a new stake in shares of Lamb Weston in the 4th quarter valued at $53,000. Finally, CoreFirst Bank & Trust purchased a new stake in shares of Lamb Weston in the 4th quarter valued at $78,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on LW. Wells Fargo & Company lowered their price target on shares of Lamb Weston from $72.00 to $66.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Barclays lowered their target price on Lamb Weston from $69.00 to $61.00 and set an “overweight” rating on the stock in a research note on Monday, May 12th. Wall Street Zen upgraded Lamb Weston from a “sell” rating to a “hold” rating in a research report on Thursday, May 8th. Jefferies Financial Group lowered their price objective 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, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $57.00 price objective on shares of Lamb Weston in a research note on Wednesday, March 19th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $69.91.

Lamb Weston Trading Down 0.8%

Shares of LW stock opened at $50.61 on Friday. Lamb Weston Holdings, Inc. has a 1-year low of $47.90 and a 1-year high of $89.51. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 1.40 and a beta of 0.46. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. The stock has a 50 day simple moving average of $53.09 and a 200-day simple moving average of $60.83.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data 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. 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 the consensus estimate of $1.50 billion. During the same period last year, the firm posted $1.20 earnings per share. The company’s revenue was up 4.3% compared to the same quarter last year. On average, equities research analysts expect that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston’s payout ratio is 58.04%.

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.