50,000 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Purchased by Soviero Asset Management LP

Soviero Asset Management LP acquired a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 50,000 shares of the specialty retailer’s stock, valued at approximately $3,342,000. Lamb Weston comprises about 2.1% of Soviero Asset Management LP’s portfolio, making the stock its 21st biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. State of Wyoming grew its position in shares of Lamb Weston by 60.6% during the 4th quarter. State of Wyoming now owns 3,357 shares of the specialty retailer’s stock worth $224,000 after buying an additional 1,267 shares during the period. Snowden Capital Advisors LLC grew its position in shares of Lamb Weston by 8.2% during the 4th 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. Siemens Fonds Invest GmbH acquired a new stake in shares of Lamb Weston during the 4th quarter worth approximately $823,000. Silvercrest Asset Management Group LLC acquired a new stake in shares of Lamb Weston during the 4th quarter worth approximately $11,546,000. Finally, Redwood Investment Management LLC acquired a new stake in shares of Lamb Weston during the 4th quarter worth approximately $2,399,000. Institutional investors own 89.56% of the company’s stock.

Analysts Set New Price Targets

LW has been the subject of a number of analyst reports. Jefferies Financial Group decreased their price objective on shares of Lamb Weston from $80.00 to $75.00 and set a “buy” rating for the company in a report on Friday, April 11th. Wells Fargo & Company decreased their price objective 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. Barclays decreased their price objective on shares of Lamb Weston from $69.00 to $61.00 and set an “overweight” rating for the company in a report on Monday, May 12th. StockNews.com upgraded shares of Lamb Weston from a “sell” rating to a “hold” rating in a report on Thursday, May 8th. Finally, Stifel Nicolaus set a $56.00 price objective on shares of Lamb Weston and gave the company a “hold” rating in a report on Thursday, April 24th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Lamb Weston has an average rating of “Hold” and a consensus target price of $69.91.

Lamb Weston Price Performance

NYSE:LW opened at $53.81 on Monday. Lamb Weston Holdings, Inc. has a 52 week low of $47.90 and a 52 week high of $89.51. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 21.27, a P/E/G ratio of 1.40 and a beta of 0.46. The firm’s 50-day simple moving average is $53.03 and its 200 day simple moving average is $61.49. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, topping analysts’ consensus estimates 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 period last year, the firm earned $1.20 earnings per share. Lamb Weston’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, sell-side analysts predict that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current year.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.75%. Lamb Weston’s payout ratio is 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.