GAMMA Investing LLC Acquires 64,672 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

GAMMA Investing LLC lifted its position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 3,503.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,518 shares of the specialty retailer's stock after buying an additional 64,672 shares during the quarter. GAMMA Investing LLC's holdings in Lamb Weston were worth $3,545,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of LW. Allworth Financial LP grew its position in Lamb Weston by 16.1% during the fourth quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer's stock worth $74,000 after buying an additional 170 shares in the last quarter. Blair William & Co. IL raised its stake in shares of Lamb Weston by 3.2% in the 4th quarter. Blair William & Co. IL now owns 7,130 shares of the specialty retailer's stock valued at $476,000 after buying an additional 219 shares in the last quarter. Atria Investments Inc boosted its position in shares of Lamb Weston by 3.2% during the 4th quarter. Atria Investments Inc now owns 7,255 shares of the specialty retailer's stock valued at $485,000 after acquiring an additional 227 shares in the last quarter. Norinchukin Bank The increased its stake in Lamb Weston by 4.0% in the fourth quarter. Norinchukin Bank The now owns 5,873 shares of the specialty retailer's stock valued at $392,000 after acquiring an additional 227 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its position in Lamb Weston by 0.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 43,702 shares of the specialty retailer's stock worth $2,921,000 after purchasing an additional 253 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $57.00 price target on shares of Lamb Weston in a research note on Wednesday, March 19th. Barclays reduced their target price on shares of Lamb Weston from $69.00 to $61.00 and set an "overweight" rating on the stock in a research note on Monday, May 12th. Stifel Nicolaus set a $56.00 price target on shares of Lamb Weston and gave the company a "hold" rating in a report on Thursday, April 24th. Jefferies Financial Group reduced their price target on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, Wells Fargo & Company cut their target price 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. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Lamb Weston presently has an average rating of "Hold" and an average price target of $69.91.

Lamb Weston Trading Up 0.9%

Shares of LW traded up $0.48 during trading hours on Thursday, reaching $56.25. The stock had a trading volume of 962,164 shares, compared to its average volume of 2,646,544. The company has a market cap of $7.94 billion, a P/E ratio of 22.23, a P/E/G ratio of 1.40 and a beta of 0.49. Lamb Weston Holdings, Inc. has a 52 week low of $47.90 and a 52 week high of $87.94. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. The firm has a 50-day moving average of $53.19 and a 200 day moving average of $58.69.

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, topping the consensus estimate of $0.87 by $0.23. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the company earned $1.20 earnings per share. The company's revenue for the quarter was up 4.3% compared to the same quarter last year. On average, sell-side analysts expect that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 2nd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.63%. The ex-dividend date was Friday, May 2nd. Lamb Weston's dividend payout ratio is 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.