Freestone Grove Partners LP Takes $42.75 Million Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Freestone Grove Partners LP acquired a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 639,710 shares of the specialty retailer's stock, valued at approximately $42,752,000. Freestone Grove Partners LP owned 0.45% of Lamb Weston at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Alberta Investment Management Corp acquired a new position in shares of Lamb Weston during the fourth quarter valued at $2,641,000. Atria Wealth Solutions Inc. bought a new position in shares of Lamb Weston in the fourth quarter valued at approximately $2,850,000. Leeward Investments LLC MA increased its stake in shares of Lamb Weston by 41.5% during the fourth 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. HB Wealth Management LLC lifted its position in Lamb Weston by 6.5% in the fourth quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer's stock worth $892,000 after purchasing an additional 817 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Lamb Weston by 1.3% during 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 purchasing an additional 16,092 shares during the period. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on LW shares. Jefferies Financial Group dropped their price target on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. StockNews.com lowered shares of Lamb Weston from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $57.00 target price on shares of Lamb Weston in a report on Wednesday, March 19th. Wells Fargo & Company decreased their price objective on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Finally, 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $70.64.

Lamb Weston Stock Performance

NYSE:LW traded down $0.23 during mid-day trading on Monday, hitting $51.27. 1,775,461 shares of the company's stock traded hands, compared to its average volume of 2,648,918. The firm has a 50 day moving average of $53.05 and a two-hundred day moving average of $63.31. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. Lamb Weston Holdings, Inc. has a 12 month low of $47.90 and a 12 month high of $89.51.

Lamb Weston (NYSE:LW - Get Free Report) last posted its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) 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 analyst estimates of $1.50 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The business's quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the business posted $1.20 EPS. On average, equities analysts forecast that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be issued a $0.37 dividend. The ex-dividend date is Friday, May 2nd. This represents a $1.48 annualized dividend and a yield of 2.89%. Lamb Weston's dividend payout ratio (DPR) is 58.04%.

Lamb Weston Company Profile

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.