Free Trial

Parr Mcknight Wealth Management Group LLC Invests $820,000 in Lamb Weston Holdings, Inc. (NYSE:LW)

Lamb Weston logo with Consumer Staples background

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 its most recent filing with the Securities & Exchange Commission. The institutional investor bought 12,265 shares of the specialty retailer's stock, valued at approximately $820,000.

Other large investors also recently modified their holdings of the company. Stonebridge Financial Group LLC acquired a new position in shares of Lamb Weston during the fourth quarter worth approximately $35,000. SBI Securities Co. Ltd. bought a new stake in shares of Lamb Weston during the fourth quarter worth approximately $36,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Lamb Weston during the fourth quarter worth approximately $47,000. Advantage Trust Co bought a new stake in shares of Lamb Weston during the fourth quarter worth approximately $53,000. Finally, Allworth Financial LP raised its stake in shares of Lamb Weston by 16.1% during 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. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on LW. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $57.00 price target on shares of Lamb Weston in a research note on Wednesday, March 19th. Wells Fargo & Company lowered their price objective on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Barclays decreased their target price on shares of Lamb Weston from $69.00 to $61.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. Wall Street Zen raised shares of Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Jefferies Financial Group cut their price target on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Lamb Weston presently has an average rating of "Hold" and an average price target of $69.91.

Check Out Our Latest Report on Lamb Weston

Lamb Weston Stock Performance

NYSE:LW traded up $0.37 on Thursday, reaching $53.73. 629,390 shares of the company's stock were exchanged, compared to its average volume of 2,643,492. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of 21.24, a P/E/G ratio of 1.40 and a beta of 0.46. Lamb Weston Holdings, Inc. has a 52 week low of $47.90 and a 52 week high of $88.57. The stock has a fifty day simple moving average of $53.07 and a 200-day simple moving average of $60.25.

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 firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The company's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business earned $1.20 earnings per share. As a group, sell-side analysts predict that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current year.

Lamb Weston Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders 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 dividend yield of 2.75%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston's payout ratio is 58.04%.

About Lamb Weston

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

Should You Invest $1,000 in Lamb Weston Right Now?

Before you consider Lamb Weston, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lamb Weston wasn't on the list.

While Lamb Weston currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The 10 Best AI Stocks to Own in 2025 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA Earnings Preview: HUGE Stock Move Ahead
These 5 Small Stocks Could Deliver Huge Returns
ACT FAST! Congress Is POURING Into This Stock

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines