Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Dark Forest Capital Management LP

Dark Forest Capital Management LP cut its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 85.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,294 shares of the specialty retailer's stock after selling 19,398 shares during the quarter. Dark Forest Capital Management LP's holdings in Lamb Weston were worth $220,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Lamb Weston by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 16,646,887 shares of the specialty retailer's stock valued at $1,112,511,000 after purchasing an additional 58,066 shares in the last quarter. Capital Research Global Investors acquired a new stake in shares of Lamb Weston during the 4th quarter worth about $423,270,000. Boston Partners lifted its stake in Lamb Weston by 26.8% during the fourth quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer's stock worth $232,330,000 after purchasing an additional 735,901 shares during the last quarter. Geode Capital Management LLC increased its stake in Lamb Weston by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 3,436,604 shares of the specialty retailer's stock valued at $229,065,000 after purchasing an additional 48,548 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Lamb Weston by 6.2% in the 4th quarter. Invesco Ltd. now owns 3,226,695 shares of the specialty retailer's stock valued at $215,640,000 after buying an additional 187,058 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Price Performance

LW traded down $0.00 during trading on Monday, reaching $51.50. 210,399 shares of the stock were exchanged, compared to its average volume of 2,592,873. 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 company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 20.36, a P/E/G 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. The business's 50 day moving average price is $53.05 and its two-hundred day moving average price is $63.31.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.23. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The company's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.20 EPS. As a group, equities research analysts anticipate that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current year.

Lamb Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston's dividend payout ratio (DPR) is 58.04%.

Wall Street Analyst Weigh In

LW has been the topic of several research analyst reports. Wells Fargo & Company cut their price target on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $57.00 price target on shares of Lamb Weston in a research report on Wednesday, March 19th. Jefferies Financial Group reduced 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. StockNews.com cut shares of Lamb Weston from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. Finally, Stifel Nicolaus set a $56.00 target price on shares of Lamb Weston and gave the stock a "hold" rating in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lamb Weston currently has an average rating of "Hold" and an average price target of $70.64.

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.