Grandfield & Dodd LLC Raises Holdings in Lamb Weston (NYSE:LW)

Grandfield & Dodd LLC increased its holdings in shares of Lamb Weston (NYSE:LW - Free Report) by 107.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,762 shares of the specialty retailer's stock after buying an additional 37,740 shares during the quarter. Grandfield & Dodd LLC owned 0.05% of Lamb Weston worth $3,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LW. Wayfinding Financial LLC purchased a new stake in Lamb Weston during the 1st quarter valued at about $28,000. Whipplewood Advisors LLC lifted its holdings in shares of Lamb Weston by 3,466.7% in the 1st quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer's stock valued at $29,000 after buying an additional 520 shares during the period. Putney Financial Group LLC acquired a new position in shares of Lamb Weston in the 4th quarter valued at about $34,000. CX Institutional acquired a new position in shares of Lamb Weston in the 1st quarter valued at about $48,000. Finally, Acuitas Investments LLC lifted its holdings in shares of Lamb Weston by 239.3% in the 1st quarter. Acuitas Investments LLC now owns 950 shares of the specialty retailer's stock valued at $51,000 after buying an additional 670 shares during the period. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LW shares. Wall Street Zen raised Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Jefferies Financial Group reduced their price target on Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a report on Friday, April 11th. Stifel Nicolaus set a $56.00 price target on Lamb Weston and gave the stock a "hold" rating in a report on Thursday, April 24th. Wells Fargo & Company reduced their price target on Lamb Weston from $70.00 to $65.00 and set an "overweight" rating for the company in a report on Wednesday, July 9th. Finally, Barclays reduced their price target on Lamb Weston from $69.00 to $61.00 and set an "overweight" rating for the company in a report on Monday, May 12th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Lamb Weston presently has an average rating of "Hold" and a consensus price target of $67.64.

Lamb Weston Price Performance

Shares of LW stock traded down $1.25 during trading hours on Friday, reaching $49.24. The company had a trading volume of 729,199 shares, compared to its average volume of 2,647,932. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.58 and a current ratio of 1.35. The stock has a fifty day moving average of $53.02 and a 200-day moving average of $54.94. The company has a market capitalization of $6.95 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 1.12 and a beta of 0.46. Lamb Weston has a 12-month low of $47.90 and a 12-month high of $83.98.

Lamb Weston Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 1st will be given a $0.37 dividend. The ex-dividend date is Friday, August 1st. This represents a $1.48 annualized dividend and a yield of 3.01%. Lamb Weston's payout ratio is 58.04%.

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.