Beryl Capital Management LLC Invests $3.08 Million in Lamb Weston Holdings, Inc. (NYSE:LW)

Beryl Capital Management LLC bought a new position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 46,146 shares of the specialty retailer's stock, valued at approximately $3,084,000. Lamb Weston comprises approximately 0.7% of Beryl Capital Management LLC's holdings, making the stock its 18th largest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LW. Alberta Investment Management Corp bought a new stake in Lamb Weston in the 4th quarter worth approximately $2,641,000. Atria Wealth Solutions Inc. purchased a new stake in Lamb Weston during the fourth quarter valued at $2,850,000. Leeward Investments LLC MA lifted its holdings in Lamb Weston by 41.5% in the fourth quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer's stock valued at $10,457,000 after acquiring an additional 45,904 shares during the period. HB Wealth Management LLC grew its stake in shares of Lamb Weston by 6.5% during the 4th quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer's stock valued at $892,000 after purchasing an additional 817 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Lamb Weston by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer's stock worth $82,174,000 after purchasing an additional 16,092 shares during the period. Institutional investors own 89.56% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LW shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $57.00 price target on shares of Lamb Weston in a research note on Wednesday, March 19th. StockNews.com raised Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday. Wells Fargo & Company lowered their price objective on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Jefferies Financial Group dropped their price target on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, Stifel Nicolaus set a $56.00 price objective on shares of Lamb Weston and gave the company a "hold" rating in a research report on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Lamb Weston presently has an average rating of "Hold" and an average price target of $70.64.

Lamb Weston Stock Performance

Lamb Weston stock traded down $0.56 during midday trading on Friday, hitting $50.90. 548,354 shares of the company were exchanged, compared to its average volume of 2,638,946. 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 firm has a market capitalization of $7.18 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46. The business has a fifty day simple moving average of $53.04 and a two-hundred day simple moving average of $62.77. Lamb Weston Holdings, Inc. has a fifty-two week low of $47.90 and a fifty-two week high of $89.51.

Lamb Weston (NYSE:LW - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm earned $1.20 EPS. The company's revenue for the quarter was up 4.3% on a year-over-year basis. On average, sell-side analysts forecast that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current year.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Friday, May 2nd. Lamb Weston's dividend payout ratio (DPR) 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.