4,482 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. bought a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,482 shares of the specialty retailer’s stock, valued at approximately $290,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of LW. City State Bank lifted its holdings in Lamb Weston by 56.2% during the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after buying an additional 150 shares during the last quarter. Crewe Advisors LLC lifted its holdings in Lamb Weston by 357.5% during the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after buying an additional 261 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in Lamb Weston during the 3rd quarter worth about $29,000. Riverview Trust Co purchased a new stake in Lamb Weston during the 3rd quarter worth about $35,000. Finally, Family Firm Inc. purchased a new stake in Lamb Weston during the 2nd quarter worth about $36,000. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Stock Performance

Shares of LW stock opened at $75.73 on Wednesday. The stock has a market capitalization of $10.80 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 1.39 and a beta of 0.70. Lamb Weston Holdings, Inc. has a 52-week low of $52.99 and a 52-week high of $111.88. The stock’s 50-day moving average price is $75.99 and its 200 day moving average price is $73.10. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87.

Lamb Weston (NYSE:LW) last released its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the previous year, the firm posted $1.63 EPS. The firm’s quarterly revenue was down .7% on a year-over-year basis. As a group, equities research analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 1st were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.90%. The ex-dividend date was Friday, November 1st. Lamb Weston’s payout ratio is 33.80%.

Analysts Set New Price Targets

LW has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price target on Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $68.00 target price (up from $63.00) on shares of Lamb Weston in a report on Monday, October 7th. Barclays boosted their target price on Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, October 4th. TD Cowen boosted their target price on Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, September 24th. Finally, Stifel Nicolaus boosted their target price on Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lamb Weston presently has a consensus rating of “Hold” and an average price target of $82.50.

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.