Schonfeld Strategic Advisors LLC Has $25.65 Million Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

Schonfeld Strategic Advisors LLC grew its holdings in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 621.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 383,864 shares of the specialty retailer's stock after acquiring an additional 330,664 shares during the period. Schonfeld Strategic Advisors LLC owned 0.27% of Lamb Weston worth $25,654,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Alberta Investment Management Corp acquired a new position in Lamb Weston during the fourth quarter worth $2,641,000. Atria Wealth Solutions Inc. acquired a new position in shares of Lamb Weston during the 4th quarter valued at about $2,850,000. Leeward Investments LLC MA raised its stake in shares of Lamb Weston by 41.5% in the 4th 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 in the last quarter. HB Wealth Management LLC raised its stake in shares of Lamb Weston by 6.5% in the 4th quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer's stock valued at $892,000 after acquiring an additional 817 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Lamb Weston by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer's stock worth $82,174,000 after purchasing an additional 16,092 shares during the last quarter. Institutional investors and hedge funds own 89.56% of the company's stock.

Lamb Weston Stock Performance

LW traded down $0.61 during trading on Friday, reaching $51.50. 1,444,425 shares of the company's stock were exchanged, compared to its average volume of 2,648,560. The company has a market capitalization of $7.27 billion, a P/E ratio of 20.36, a PEG ratio of 1.40 and a beta of 0.48. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. The business has a 50 day moving average price of $53.05 and a 200 day moving average price of $63.54. Lamb Weston Holdings, Inc. has a fifty-two week low of $47.90 and a fifty-two week high of $89.51.

Lamb Weston (NYSE:LW - Get Free Report) last posted its 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. The business had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.50 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 earnings per share. As a group, analysts predict that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently declared 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 2.87%. The ex-dividend date is Friday, May 2nd. Lamb Weston's dividend payout ratio (DPR) is 58.04%.

Analyst Ratings Changes

A number of research firms have recently commented on LW. 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. Wells Fargo & Company cut their target price on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Stifel Nicolaus set a $56.00 price target on Lamb Weston and gave the company a "hold" rating in a research report on Thursday, April 24th. StockNews.com cut Lamb Weston from a "hold" rating to a "sell" rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $57.00 target price on shares of Lamb Weston in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price 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.