172,767 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Purchased by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC acquired a new stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 172,767 shares of the specialty retailer's stock, valued at approximately $11,546,000. Silvercrest Asset Management Group LLC owned approximately 0.12% of Lamb Weston as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of LW. Redwood Investment Management LLC bought a new stake in shares of Lamb Weston in the 4th quarter worth about $2,399,000. Quantinno Capital Management LP grew its stake in Lamb Weston by 9.6% in the fourth quarter. Quantinno Capital Management LP now owns 39,298 shares of the specialty retailer's stock worth $2,626,000 after purchasing an additional 3,429 shares in the last quarter. Mufg Securities Americas Inc. bought a new stake in Lamb Weston in the fourth quarter valued at about $141,000. Occudo Quantitative Strategies LP acquired a new stake in Lamb Weston during the fourth quarter valued at approximately $367,000. Finally, Obermeyer Wealth Partners acquired a new stake in Lamb Weston during the fourth quarter valued at approximately $1,176,000. Institutional investors and hedge funds own 89.56% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lowered their price target on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $57.00 target price on shares of Lamb Weston in a report on Wednesday, March 19th. Barclays decreased their price target on shares of Lamb Weston from $69.00 to $61.00 and set an "overweight" rating for the company in a report on Monday, May 12th. Stifel Nicolaus set a $56.00 target price on Lamb Weston and gave the company a "hold" rating in a report on Thursday, April 24th. Finally, Jefferies Financial Group reduced their target price 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $69.91.

Lamb Weston Price Performance

Shares of NYSE LW traded down $0.41 during midday trading on Friday, reaching $50.61. The company's stock had a trading volume of 528,114 shares, compared to its average volume of 2,476,549. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46. Lamb Weston Holdings, Inc. has a one year low of $47.90 and a one year high of $89.51. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. The company has a 50 day moving average price of $53.14 and a 200 day moving average price of $61.02.

Lamb Weston (NYSE:LW - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the company posted $1.20 EPS. Lamb Weston's revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities research analysts expect that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Dividend Announcement

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 given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.92%. The ex-dividend date 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.