Parr Mcknight Wealth Management Group LLC Acquires Shares of 12,265 Lamb Weston Holdings, Inc. (NYSE:LW)

Parr Mcknight Wealth Management Group LLC bought a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,265 shares of the specialty retailer's stock, valued at approximately $820,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors acquired a new stake in shares of Lamb Weston during the fourth quarter worth about $423,270,000. Norges Bank acquired a new stake in shares of Lamb Weston during the fourth quarter worth about $96,736,000. JANA Partners Management LP raised its position in shares of Lamb Weston by 22.3% during the fourth quarter. JANA Partners Management LP now owns 7,131,339 shares of the specialty retailer's stock worth $476,587,000 after purchasing an additional 1,302,585 shares during the period. Continental Grain Co. acquired a new stake in shares of Lamb Weston during the fourth quarter worth about $63,786,000. Finally, Boston Partners raised its position in Lamb Weston by 26.8% in the 4th quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer's stock valued at $232,330,000 after buying an additional 735,901 shares during the last quarter. Institutional investors own 89.56% of the company's stock.

Lamb Weston Stock Performance

LW traded up $2.62 during trading hours on Tuesday, reaching $53.18. The company's stock had a trading volume of 1,681,009 shares, compared to its average volume of 2,650,326. Lamb Weston Holdings, Inc. has a 52 week low of $47.90 and a 52 week high of $89.23. The company's 50-day moving average is $53.05 and its 200-day moving average is $60.34. 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 firm has a market cap of $7.50 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46.

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

Lamb Weston Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston's dividend payout ratio is 58.04%.

Analyst Upgrades and Downgrades

Several research firms have commented on LW. Stifel Nicolaus set a $56.00 target price on Lamb Weston and gave the company a "hold" rating in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $57.00 target price on shares of Lamb Weston in a research note on Wednesday, March 19th. Barclays cut their target price on Lamb Weston from $69.00 to $61.00 and set an "overweight" rating on the stock in a research note on Monday, May 12th. Wall Street Zen upgraded Lamb Weston from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Finally, Wells Fargo & Company cut their target price on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Lamb Weston has a consensus rating of "Hold" and an average price target of $69.91.

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.