Rhumbline Advisers Buys 24,909 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Rhumbline Advisers lifted its holdings in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 8.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 311,456 shares of the specialty retailer's stock after purchasing an additional 24,909 shares during the quarter. Rhumbline Advisers owned about 0.22% of Lamb Weston worth $16,601,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of LW. Alberta Investment Management Corp bought a new stake in Lamb Weston in the 4th quarter valued at $2,641,000. Atria Wealth Solutions Inc. bought a new stake in Lamb Weston in the 4th quarter valued at $2,850,000. Leeward Investments LLC MA raised its stake in Lamb Weston by 41.5% in the 4th quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer's stock valued at $10,457,000 after acquiring an additional 45,904 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Lamb Weston by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer's stock valued at $82,174,000 after acquiring an additional 16,092 shares during the period. Finally, Advisor OS LLC bought a new stake in Lamb Weston in the 4th quarter valued at $556,000. Institutional investors own 89.56% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on LW. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $57.00 price objective on shares of Lamb Weston in a report on Wednesday, March 19th. Stifel Nicolaus set a $56.00 price objective on Lamb Weston and gave the company a "hold" rating in a report on Thursday, April 24th. Barclays decreased their price objective on Lamb Weston from $69.00 to $61.00 and set an "overweight" rating on the stock in a report on Monday, May 12th. Jefferies Financial Group decreased their price objective on Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Wells Fargo & Company decreased their price objective on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $69.91.

Lamb Weston Stock Performance

LW opened at $55.66 on Friday. The firm has a market cap of $7.86 billion, a P/E ratio of 22.00, a price-to-earnings-growth ratio of 1.40 and a beta of 0.49. Lamb Weston Holdings, Inc. has a 52-week low of $47.90 and a 52-week high of $88.25. 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 business's fifty day moving average is $53.30 and its 200-day moving average is $59.01.

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

Lamb Weston Dividend Announcement

The firm 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 yield of 2.66%. The ex-dividend date was Friday, May 2nd. Lamb Weston's dividend payout ratio (DPR) is presently 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.

Want to see what other hedge funds are holding LW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lamb Weston Holdings, Inc. (NYSE:LW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.