Frontier Capital Management Co. LLC Purchases 63,249 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Frontier Capital Management Co. LLC lifted its position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 13.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 547,651 shares of the specialty retailer's stock after buying an additional 63,249 shares during the quarter. Frontier Capital Management Co. LLC owned about 0.38% of Lamb Weston worth $36,600,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Lamb Weston by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 16,646,887 shares of the specialty retailer's stock valued at $1,112,511,000 after buying an additional 58,066 shares in the last quarter. JANA Partners Management LP lifted its holdings in Lamb Weston by 22.3% during the 4th quarter. JANA Partners Management LP now owns 7,131,339 shares of the specialty retailer's stock valued at $476,587,000 after purchasing an additional 1,302,585 shares during the last quarter. Capital Research Global Investors acquired a new stake in Lamb Weston during the 4th quarter valued at $423,270,000. Boston Partners lifted its holdings in Lamb Weston by 26.8% during the 4th quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer's stock valued at $232,330,000 after purchasing an additional 735,901 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Lamb Weston by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 3,436,604 shares of the specialty retailer's stock valued at $229,065,000 after purchasing an additional 48,548 shares during the last quarter. 89.56% of the stock is owned by institutional investors.

Lamb Weston Price Performance

LW stock traded down $0.66 during midday trading on Friday, reaching $50.80. The company had a trading volume of 1,209,835 shares, compared to its average volume of 2,649,848. The company has a market capitalization of $7.17 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46. The stock has a 50 day moving average price of $53.05 and a 200-day moving average price of $62.49. Lamb Weston Holdings, Inc. has a 1-year low of $47.90 and a 1-year high of $89.51. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53.

Lamb Weston (NYSE:LW - Get Free Report) last posted its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 EPS 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 the consensus estimate of $1.50 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. Lamb Weston's revenue for the quarter was up 4.3% compared to the same quarter last year. Equities research analysts expect that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current year.

Lamb Weston Announces Dividend

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 given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston's dividend payout ratio is presently 58.04%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on LW shares. Stifel Nicolaus set a $56.00 price target on Lamb Weston and gave the company a "hold" rating in a report on Thursday, April 24th. Wells Fargo & Company cut 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 reaffirmed a "hold" rating and set a $57.00 price target on shares of Lamb Weston in a report on Wednesday, March 19th. Jefferies Financial Group cut their price target on Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a report on Friday, April 11th. Finally, StockNews.com raised Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Lamb Weston currently has a consensus rating of "Hold" and a consensus price target of $70.64.

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.