Hudson Bay Capital Management LP Invests $2.31 Million in Lamb Weston Holdings, Inc. (NYSE:LW)

Hudson Bay Capital Management LP purchased a new position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 34,618 shares of the specialty retailer's stock, valued at approximately $2,314,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Stonebridge Financial Group LLC bought a new position in shares of Lamb Weston in the fourth quarter valued at approximately $35,000. SBI Securities Co. Ltd. bought a new position in shares of Lamb Weston in the fourth quarter valued at approximately $36,000. Wingate Wealth Advisors Inc. bought a new position in shares of Lamb Weston in the fourth quarter valued at approximately $47,000. Advantage Trust Co purchased a new stake in shares of Lamb Weston during the fourth quarter valued at approximately $53,000. Finally, CoreFirst Bank & Trust purchased a new position in Lamb Weston in the fourth quarter worth $78,000. Institutional investors own 89.56% of the company's stock.

Analyst Upgrades and Downgrades

LW has been the topic of several research analyst reports. Wells Fargo & Company cut their price objective on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. StockNews.com raised Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Barclays cut their price objective on Lamb Weston from $69.00 to $61.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. Jefferies Financial Group cut their price objective on Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, Stifel Nicolaus set a $56.00 price objective on Lamb Weston and gave the stock a "hold" rating in a research report on Thursday, April 24th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Lamb Weston presently has a consensus rating of "Hold" and a consensus target price of $69.91.

Lamb Weston Stock Performance

Shares of NYSE:LW traded up $2.02 during midday trading on Friday, reaching $53.81. 2,213,095 shares of the company traded hands, compared to its average volume of 2,651,943. 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 12 month low of $47.90 and a 12 month high of $89.51. The firm has a market capitalization of $7.59 billion, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46. The firm's fifty day moving average price is $53.03 and its two-hundred day moving average price is $61.71.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 27.82% and a net margin of 5.80%. The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 EPS. On average, equities analysts expect that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be paid a $0.37 dividend. The ex-dividend date is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.75%. Lamb Weston's dividend payout ratio is currently 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.