Lamb Weston (NYSE:LW) Stock Position Decreased by Weik Capital Management

Weik Capital Management cut its stake in shares of Lamb Weston (NYSE:LW) by 16.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 10,585 shares of the specialty retailer’s stock after selling 2,115 shares during the quarter. Weik Capital Management’s holdings in Lamb Weston were worth $564,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Romano Brothers AND Company boosted its stake in shares of Lamb Weston by 1.4% during the 1st quarter. Romano Brothers AND Company now owns 15,260 shares of the specialty retailer’s stock worth $813,000 after acquiring an additional 218 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Lamb Weston by 2.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 10,971 shares of the specialty retailer’s stock worth $585,000 after acquiring an additional 219 shares in the last quarter. Norinchukin Bank The boosted its position in shares of Lamb Weston by 4.0% in the fourth quarter. Norinchukin Bank The now owns 5,873 shares of the specialty retailer’s stock worth $392,000 after buying an additional 227 shares during the period. Concurrent Investment Advisors LLC boosted its position in shares of Lamb Weston by 4.0% in the first quarter. Concurrent Investment Advisors LLC now owns 5,984 shares of the specialty retailer’s stock worth $319,000 after buying an additional 230 shares during the period. Finally, Snowden Capital Advisors LLC boosted its position in shares of Lamb Weston by 8.2% in the fourth quarter. Snowden Capital Advisors LLC now owns 3,393 shares of the specialty retailer’s stock worth $227,000 after buying an additional 256 shares during the period. 89.56% of the stock is owned by institutional investors.

Lamb Weston Price Performance

Shares of NYSE:LW opened at $54.17 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.68 and a debt-to-equity ratio of 2.12. Lamb Weston has a 1 year low of $47.87 and a 1 year high of $83.98. The business has a fifty day simple moving average of $53.62 and a 200 day simple moving average of $53.87. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 21.58, a P/E/G ratio of 2.17 and a beta of 0.49.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.23. Lamb Weston had a return on equity of 27.99% and a net margin of 5.54%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period last year, the company earned $0.78 earnings per share. Lamb Weston’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, sell-side analysts predict that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 1st will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, August 1st. Lamb Weston’s dividend payout ratio (DPR) is 58.96%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LW. Wall Street Zen raised Lamb Weston from a “sell” rating to a “hold” rating in a research report on Thursday, May 8th. Bank of America decreased their target price on Lamb Weston from $60.00 to $56.00 and set a “neutral” rating for the company in a research report on Wednesday, June 18th. Barclays raised their target price on Lamb Weston from $61.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Wells Fargo & Company raised their target price on Lamb Weston from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Finally, Stifel Nicolaus set a $56.00 target price on Lamb Weston and gave the stock a “hold” rating in a research report on Thursday, April 24th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $67.40.

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.