17,596 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Acquired by Obermeyer Wealth Partners

Obermeyer Wealth Partners bought a new position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 17,596 shares of the specialty retailer's stock, valued at approximately $1,176,000.

A number of other large investors also recently modified their holdings of LW. Vanguard Group Inc. lifted its stake in Lamb Weston by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 16,646,887 shares of the specialty retailer's stock valued at $1,112,511,000 after acquiring an additional 58,066 shares in the last quarter. JANA Partners Management LP lifted its stake 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 acquiring an additional 1,302,585 shares in the last quarter. Capital Research Global Investors bought a new position in Lamb Weston during the 4th quarter valued at $423,270,000. Boston Partners lifted its stake 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 acquiring an additional 735,901 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake 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 acquiring an additional 48,548 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors.

Lamb Weston Stock Performance

Lamb Weston stock traded up $2.02 during midday trading on Friday, reaching $53.81. The stock had a trading volume of 2,213,095 shares, compared to its average volume of 2,657,694. 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 firm has a market capitalization of $7.59 billion, a PE ratio of 21.27, a P/E/G ratio of 1.40 and a beta of 0.46. Lamb Weston Holdings, Inc. has a 12 month low of $47.90 and a 12 month high of $89.51. The firm's 50-day moving average price is $53.03 and its 200 day moving average price is $61.60.

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 during 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 company's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.20 EPS. As a group, research analysts predict that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Friday, May 2nd. Lamb Weston's payout ratio is 58.04%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LW. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $57.00 target price on shares of Lamb Weston in a research report on Wednesday, March 19th. Stifel Nicolaus set a $56.00 target price on Lamb Weston and gave the company a "hold" rating in a research report on Thursday, April 24th. Wells Fargo & Company decreased their target price 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. Jefferies Financial Group decreased their target price on Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, StockNews.com raised Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $69.91.

Lamb Weston 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.