Investors Research Corp Acquires Shares of 19,750 Lamb Weston Holdings, Inc. (NYSE:LW)

Investors Research Corp acquired a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 19,750 shares of the specialty retailer's stock, valued at approximately $1,053,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Putney Financial Group LLC bought a new stake in Lamb Weston in the 4th quarter valued at $34,000. Stonebridge Financial Group LLC bought a new position in Lamb Weston during the 4th quarter worth $35,000. SBI Securities Co. Ltd. bought a new position in Lamb Weston during the 4th quarter worth $36,000. Wingate Wealth Advisors Inc. bought a new position in Lamb Weston during the 4th quarter worth $47,000. Finally, Advantage Trust Co bought a new position in Lamb Weston during the 4th quarter worth $53,000. Institutional investors own 89.56% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on LW. Barclays lowered their price objective on Lamb Weston from $69.00 to $61.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. Jefferies Financial Group lowered their price objective on Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Stifel Nicolaus set a $56.00 price objective on Lamb Weston and gave the stock a "hold" rating in a research report on Thursday, April 24th. Wells Fargo & Company reduced their target price on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $57.00 target price on shares of Lamb Weston in a report on Wednesday, March 19th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $69.91.

Lamb Weston Trading Down 1.8%

Shares of LW traded down $0.99 during mid-day trading on Monday, reaching $54.79. 1,654,591 shares of the company were exchanged, compared to its average volume of 2,652,497. Lamb Weston Holdings, Inc. has a 52 week low of $47.90 and a 52 week high of $88.57. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The stock has a market capitalization of $7.73 billion, a PE ratio of 21.66, a PEG ratio of 1.40 and a beta of 0.46. The business has a 50 day simple moving average of $53.13 and a two-hundred day simple moving average of $59.61.

Lamb Weston (NYSE:LW - Get Free Report) last issued its earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.23. The business 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 firm's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 earnings per share. On average, analysts predict that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 2nd were issued a $0.37 dividend. The ex-dividend date was Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.70%. Lamb Weston's payout ratio is currently 58.04%.

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.