NBC Securities Inc. Buys 5,205 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

NBC Securities Inc. lifted its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 130,125.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,209 shares of the specialty retailer's stock after purchasing an additional 5,205 shares during the period. NBC Securities Inc.'s holdings in Lamb Weston were worth $277,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Putney Financial Group LLC purchased a new stake in shares of Lamb Weston during the 4th quarter worth approximately $34,000. Stonebridge Financial Group LLC purchased a new stake in shares of Lamb Weston during the 4th quarter worth approximately $35,000. SBI Securities Co. Ltd. purchased a new stake in shares of Lamb Weston during the 4th quarter worth approximately $36,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Lamb Weston during the 4th quarter worth approximately $47,000. Finally, Advantage Trust Co purchased a new stake in shares of Lamb Weston during the 4th quarter worth approximately $53,000. Hedge funds and other institutional investors own 89.56% of the company's stock.

Lamb Weston Price Performance

NYSE:LW traded up $0.18 during trading hours on Wednesday, hitting $55.81. The stock had a trading volume of 1,683,918 shares, compared to its average volume of 2,647,630. The company has a 50 day simple moving average of $53.19 and a two-hundred day simple moving average of $58.69. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. Lamb Weston Holdings, Inc. has a one year low of $47.90 and a one year high of $88.25. The firm has a market capitalization of $7.88 billion, a price-to-earnings ratio of 22.06, a P/E/G ratio of 1.40 and a beta of 0.49.

Lamb Weston (NYSE:LW - Get Free Report) last posted its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.23. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. 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 previous year, the firm posted $1.20 EPS. The firm's revenue was up 4.3% compared to the same quarter last year. Research analysts forecast that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 2nd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date was Friday, May 2nd. Lamb Weston's dividend payout ratio is currently 58.04%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Jefferies Financial Group cut their price objective on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a report on Friday, April 11th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $57.00 price objective on shares of Lamb Weston in a report on Wednesday, March 19th. Wells Fargo & Company cut their price objective on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Wall Street Zen raised shares of Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Finally, Stifel Nicolaus set a $56.00 price objective on shares of Lamb Weston and gave the stock a "hold" rating in a report on Thursday, April 24th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $69.91.

Lamb Weston Company 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.