Advisor OS LLC Buys 5,749 Shares of Lamb Weston (NYSE:LW)

Advisor OS LLC increased its holdings in shares of Lamb Weston (NYSE:LW - Free Report) by 69.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,072 shares of the specialty retailer's stock after purchasing an additional 5,749 shares during the quarter. Advisor OS LLC's holdings in Lamb Weston were worth $750,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in LW. Putney Financial Group LLC bought a new position in shares of Lamb Weston in the fourth quarter valued at $34,000. Wayfinding Financial LLC bought a new position in shares of Lamb Weston in the first quarter valued at $28,000. Whipplewood Advisors LLC boosted its position in Lamb Weston by 3,466.7% during the first quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer's stock worth $29,000 after purchasing an additional 520 shares during the period. CX Institutional bought a new position in Lamb Weston during the first quarter worth $48,000. Finally, Acuitas Investments LLC boosted its position in Lamb Weston by 239.3% during the first quarter. Acuitas Investments LLC now owns 950 shares of the specialty retailer's stock worth $51,000 after purchasing an additional 670 shares during the period. Institutional investors and hedge funds own 89.56% of the company's stock.

Wall Street Analyst Weigh In

LW has been the subject of a number of research analyst reports. Jefferies Financial Group reduced their price objective 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. Bank of America reduced their price objective on shares of Lamb Weston from $60.00 to $56.00 and set a "neutral" rating for the company in a research report on Wednesday, June 18th. Wells Fargo & Company lifted their price objective on shares of Lamb Weston from $65.00 to $66.00 and gave the stock an "overweight" rating in a research report on Thursday. Barclays lifted their price objective on shares of Lamb Weston from $61.00 to $68.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Wall Street Zen raised Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. 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 company presently has a consensus rating of "Hold" and a consensus target price of $68.36.

Lamb Weston Stock Up 3.9%

Shares of NYSE:LW traded up $2.26 during trading on Friday, reaching $60.87. 3,561,525 shares of the stock were exchanged, compared to its average volume of 3,003,690. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 0.58. Lamb Weston has a 1-year low of $47.87 and a 1-year high of $83.98. The stock has a fifty day moving average of $53.14 and a two-hundred day moving average of $54.48. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 1.33 and a beta of 0.46.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings results 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 the consensus estimate of $1.59 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. Lamb Weston's revenue was up 4.0% compared to the same quarter last year. Research analysts anticipate that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 1st will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $1.48 annualized dividend and a yield of 2.43%. Lamb Weston's dividend payout ratio (DPR) is currently 58.96%.

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.