Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC decreased its holdings in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 14.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,862 shares of the specialty retailer's stock after selling 19,288 shares during the period. Peregrine Capital Management LLC owned about 0.08% of Lamb Weston worth $11,983,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. VisionPoint Advisory Group LLC grew its position in shares of Lamb Weston by 113.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer's stock worth $28,000 after buying an additional 161 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in Lamb Weston during the second quarter valued at about $29,000. Clear Street Markets LLC boosted its position in Lamb Weston by 92.5% during the first quarter. Clear Street Markets LLC now owns 283 shares of the specialty retailer's stock valued at $30,000 after purchasing an additional 136 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Lamb Weston by 330.1% during the first quarter. Parkside Financial Bank & Trust now owns 628 shares of the specialty retailer's stock valued at $37,000 after purchasing an additional 482 shares in the last quarter. Finally, ICA Group Wealth Management LLC bought a new stake in Lamb Weston during the fourth quarter valued at about $39,000. Institutional investors own 89.56% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. StockNews.com downgraded Lamb Weston from a "hold" rating to a "sell" rating in a research report on Friday, January 5th. BNP Paribas assumed coverage on Lamb Weston in a report on Monday, March 11th. They issued an "outperform" rating and a $128.00 price target for the company. Citigroup lowered their price target on Lamb Weston from $132.00 to $106.00 and set a "buy" rating for the company in a report on Monday. Wells Fargo & Company lowered their price target on Lamb Weston from $128.00 to $98.00 and set an "overweight" rating for the company in a report on Friday. Finally, Bank of America lowered their price target on Lamb Weston from $138.00 to $113.00 and set a "buy" rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $117.40.

Lamb Weston Stock Performance

LW stock traded up $2.64 during trading on Tuesday, hitting $80.44. 5,538,875 shares of the company traded hands, compared to its average volume of 2,189,948. The stock's 50-day simple moving average is $100.93 and its 200 day simple moving average is $99.53. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.19 and a quick ratio of 0.52. The company has a market cap of $11.61 billion, a PE ratio of 10.74, a P/E/G ratio of 0.97 and a beta of 0.72. Lamb Weston Holdings, Inc. has a 1 year low of $77.41 and a 1 year high of $117.38.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.20). The company had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.65 billion. Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The firm's revenue was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.43 earnings per share. On average, equities analysts expect that Lamb Weston Holdings, Inc. will post 5.51 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 31st. Investors of record on Friday, May 3rd will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.79%. The ex-dividend date is Thursday, May 2nd. Lamb Weston's dividend payout ratio is currently 19.23%.

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.