Easterly Investment Partners LLC Has $5.45 Million Stock Position in Lamb Weston $LW

Key Points

• Easterly Investment Partners LLC reduced its stake in Lamb Weston (NYSE:LW) by 8.2%, owning approximately 105,156 shares valued at $5.45 million as of the latest quarter.
• Lamb Weston reported $1.15 billion in revenue and $0.64 earnings per share in its recent earnings release, with a return on equity of 28.08%.
• The company declared a quarterly dividend of $0.37 per share, yielding about 2.3%, with an ex-dividend date set for October 31st.

Easterly Investment Partners LLC lessened its holdings in Lamb Weston (NYSE:LW - Free Report) by 8.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,156 shares of the specialty retailer's stock after selling 9,338 shares during the period. Easterly Investment Partners LLC owned about 0.08% of Lamb Weston worth $5,452,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its holdings in Lamb Weston by 23.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 723,215 shares of the specialty retailer's stock worth $38,547,000 after purchasing an additional 135,188 shares in the last quarter. Jump Financial LLC grew its holdings in Lamb Weston by 2,603.3% during the first quarter. Jump Financial LLC now owns 189,826 shares of the specialty retailer's stock worth $10,118,000 after buying an additional 182,804 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in Lamb Weston during the first quarter worth $1,059,000. Liberty One Investment Management LLC raised its position in Lamb Weston by 17.4% in the 1st quarter. Liberty One Investment Management LLC now owns 411,353 shares of the specialty retailer's stock valued at $21,925,000 after buying an additional 61,085 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new position in Lamb Weston during the 1st quarter valued at $3,847,000. Institutional investors own 89.56% of the company's stock.

Lamb Weston Stock Performance

NYSE:LW opened at $64.97 on Friday. Lamb Weston has a twelve month low of $47.87 and a twelve month high of $83.98. The business's 50-day moving average price is $57.55 and its two-hundred day moving average price is $54.88. The stock has a market cap of $9.05 billion, a P/E ratio of 31.09, a PEG ratio of 4.32 and a beta of 0.52. The company has a quick ratio of 0.77, a current ratio of 1.49 and a debt-to-equity ratio of 2.05.

Lamb Weston (NYSE:LW - Get Free Report) last released its earnings results on Thursday, August 24th. The specialty retailer reported $0.64 earnings per share for the quarter. The company had revenue of $1.15 billion during the quarter. Lamb Weston had a return on equity of 28.08% and a net margin of 4.56%. As a group, equities analysts predict that Lamb Weston will post 3.1 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, October 31st will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, October 31st. Lamb Weston's dividend payout ratio (DPR) is presently 70.81%.

Wall Street Analysts Forecast Growth

LW has been the topic of several recent analyst reports. Cfra Research raised shares of Lamb Weston to a "hold" rating in a research report on Thursday, October 2nd. JPMorgan Chase & Co. initiated coverage on shares of Lamb Weston in a research report on Wednesday, August 20th. They set a "neutral" rating and a $57.00 price target for the company. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Lamb Weston from $59.00 to $61.00 and gave the stock a "hold" rating in a report on Wednesday, October 1st. Bank of America lifted their price objective on shares of Lamb Weston from $60.00 to $66.00 and gave the company a "neutral" rating in a research note on Wednesday, October 1st. Finally, Sanford C. Bernstein set a $65.00 target price on Lamb Weston and gave the stock a "market perform" rating in a research report on Wednesday, October 1st. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $65.70.

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.

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