Parr Mcknight Wealth Management Group LLC Invests $820,000 in 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 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.

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

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.