142,882 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Purchased by Crestline Management LP

Crestline Management LP purchased a new position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 142,882 shares of the specialty retailer's stock, valued at approximately $9,549,000. Crestline Management LP owned about 0.10% of Lamb Weston at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Alberta Investment Management Corp acquired a new position in shares of Lamb Weston during the 4th quarter worth $2,641,000. Atria Wealth Solutions Inc. bought a new stake in Lamb Weston in the fourth quarter worth $2,850,000. Leeward Investments LLC MA increased its position in Lamb Weston by 41.5% during the fourth quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer's stock worth $10,457,000 after buying an additional 45,904 shares during the last quarter. HB Wealth Management LLC raised its holdings in Lamb Weston by 6.5% during the fourth quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer's stock valued at $892,000 after buying an additional 817 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Lamb Weston by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer's stock worth $82,174,000 after buying an additional 16,092 shares during the last quarter. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LW. 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. Wells Fargo & Company reduced their price objective on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. StockNews.com upgraded shares of Lamb Weston from a "sell" rating to a "hold" rating in a research note on Thursday. Stifel Nicolaus set a $56.00 target price on shares of Lamb Weston and gave the stock a "hold" rating in a report on Thursday, April 24th. Finally, Jefferies Financial Group decreased their price target 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. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $70.64.

Lamb Weston Stock Performance

Shares of NYSE:LW traded down $0.66 during trading on Friday, hitting $50.80. 1,209,835 shares of the stock were exchanged, compared to its average volume of 2,645,420. The company's fifty day simple moving average is $53.05 and its 200-day simple moving average is $62.59. 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 company has a market capitalization of $7.17 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46. Lamb Weston Holdings, Inc. has a 1-year low of $47.90 and a 1-year high of $89.51.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The business's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 EPS. Sell-side analysts expect that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.

Lamb Weston Announces Dividend

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