SG Americas Securities LLC Boosts Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

SG Americas Securities LLC boosted its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 153.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,191 shares of the specialty retailer's stock after acquiring an additional 38,233 shares during the period. SG Americas Securities LLC's holdings in Lamb Weston were worth $3,368,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allworth Financial LP raised its holdings in shares of Lamb Weston by 16.1% in 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 during the last quarter. Romano Brothers AND Company raised its holdings in shares of Lamb Weston by 1.4% during the first quarter. Romano Brothers AND Company now owns 15,260 shares of the specialty retailer's stock worth $813,000 after purchasing an additional 218 shares during the last quarter. Blair William & Co. IL raised its holdings in shares of Lamb Weston by 3.2% during the fourth quarter. Blair William & Co. IL now owns 7,130 shares of the specialty retailer's stock worth $476,000 after purchasing an additional 219 shares during the last quarter. Atria Investments Inc raised its holdings in shares of Lamb Weston by 3.2% during the fourth quarter. Atria Investments Inc now owns 7,255 shares of the specialty retailer's stock worth $485,000 after purchasing an additional 227 shares during the last quarter. Finally, Norinchukin Bank The increased its holdings 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 buying an additional 227 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company's stock.

Lamb Weston Stock Performance

Lamb Weston stock traded down $1.49 during midday trading on Friday, hitting $54.79. 1,635,081 shares of the company's stock were exchanged, compared to its average volume of 2,656,173. Lamb Weston Holdings, Inc. has a 12-month low of $47.90 and a 12-month high of $87.94. 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 cap of $7.73 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 1.40 and a beta of 0.49. The firm's 50 day simple moving average is $53.23 and its 200 day simple moving average is $58.27.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.87 by $0.23. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter last year, the business earned $1.20 earnings per share. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. Equities research analysts predict that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 2nd were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Friday, May 2nd. Lamb Weston's dividend payout ratio (DPR) is 58.04%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LW shares. Wall Street Zen raised shares of Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $57.00 target price on shares of Lamb Weston in a research report on Wednesday, March 19th. Jefferies Financial Group dropped their target price 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. Stifel Nicolaus set a $56.00 target price on shares of Lamb Weston and gave the company a "hold" rating in a research report on Thursday, April 24th. Finally, Barclays lowered their price target on shares of Lamb Weston from $69.00 to $61.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently 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.