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

Silvercrest Asset Management Group LLC purchased a new stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 172,767 shares of the specialty retailer's stock, valued at approximately $11,546,000. Silvercrest Asset Management Group LLC owned 0.12% of Lamb Weston as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Lamb Weston by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 16,646,887 shares of the specialty retailer's stock worth $1,112,511,000 after acquiring an additional 58,066 shares in the last quarter. JANA Partners Management LP grew its holdings in 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 buying an additional 1,302,585 shares in the last quarter. Capital Research Global Investors bought a new stake in Lamb Weston during the fourth quarter worth $423,270,000. Boston Partners grew its holdings in Lamb Weston by 26.8% during the fourth quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer's stock worth $232,330,000 after buying an additional 735,901 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Lamb Weston by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 3,436,604 shares of the specialty retailer's stock worth $229,065,000 after buying an additional 48,548 shares in the last quarter. Institutional investors own 89.56% of the company's stock.

Lamb Weston Trading Up 0.8%

Shares of LW traded up $0.45 during mid-day trading on Tuesday, hitting $54.00. 1,737,709 shares of the company's stock traded hands, compared to its average volume of 2,657,018. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. Lamb Weston Holdings, Inc. has a 1 year low of $47.90 and a 1 year high of $89.51. The firm has a market capitalization of $7.62 billion, a P/E ratio of 21.34, a PEG ratio of 1.40 and a beta of 0.46. The business's 50-day moving average price is $53.18 and its 200-day moving average price is $61.27.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.23. The company had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.50 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 earnings per share. As a group, sell-side analysts forecast 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 will be paid on Friday, May 30th. Investors 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 2.74%. The ex-dividend date is Friday, May 2nd. Lamb Weston's payout ratio is 58.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LW shares. Barclays decreased their price target on Lamb Weston from $69.00 to $61.00 and set an "overweight" rating for the company in a report on Monday, May 12th. Wells Fargo & Company decreased 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. Stifel Nicolaus set a $56.00 price target on Lamb Weston and gave the stock a "hold" rating in a report on Thursday, April 24th. StockNews.com upgraded Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Finally, Jefferies Financial Group reduced their price objective on 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.