Lamb Weston (NYSE:LW) Holdings Lowered by Deutsche Bank AG

Deutsche Bank AG reduced its stake in shares of Lamb Weston (NYSE:LW - Free Report) by 1.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 611,545 shares of the specialty retailer's stock after selling 11,338 shares during the quarter. Deutsche Bank AG owned about 0.43% of Lamb Weston worth $32,595,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Putney Financial Group LLC bought a new position in Lamb Weston during the 4th quarter worth $34,000. Wayfinding Financial LLC bought a new position in shares of Lamb Weston in the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Lamb Weston in the first quarter worth $28,000. Whipplewood Advisors LLC grew its stake in shares of Lamb Weston by 3,466.7% in 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 in the last quarter. Finally, CX Institutional bought a new position in shares of Lamb Weston in the first quarter worth $48,000. 89.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LW shares. Bank of America decreased their price target on Lamb Weston from $60.00 to $56.00 and set a "neutral" rating for the company in a research note on Wednesday, June 18th. Wells Fargo & Company increased their price target on Lamb Weston from $65.00 to $66.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Wall Street Zen raised Lamb Weston from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Stifel Nicolaus set a $56.00 price target on Lamb Weston and gave the stock a "hold" rating in a research note on Thursday, April 24th. Finally, Barclays increased their price target on Lamb Weston from $61.00 to $68.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Lamb Weston presently has a consensus rating of "Hold" and an average target price of $67.40.

Lamb Weston Price Performance

Shares of Lamb Weston stock traded up $0.10 during trading on Thursday, hitting $54.83. The stock had a trading volume of 1,458,449 shares, compared to its average volume of 2,664,072. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 0.68. The firm has a market cap of $7.64 billion, a P/E ratio of 21.84, a PEG ratio of 2.17 and a beta of 0.49. The business has a fifty day moving average of $53.65 and a two-hundred day moving average of $53.91. Lamb Weston has a fifty-two week low of $47.87 and a fifty-two week high of $83.98.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.87 earnings per share for the quarter, beating 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 analyst estimates of $1.59 billion. During the same quarter in the prior year, the firm posted $0.78 earnings per share. The company's revenue was up 4.0% on a year-over-year basis. On average, sell-side analysts expect that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 1st will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, August 1st. Lamb Weston's dividend payout ratio 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.