Lamb Weston Holdings, Inc. (NYSE:LW) Shares Purchased by Bridgewater Associates LP

Bridgewater Associates LP raised its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 11.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 288,259 shares of the specialty retailer’s stock after buying an additional 30,303 shares during the period. Bridgewater Associates LP owned about 0.20% of Lamb Weston worth $18,662,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in shares of Lamb Weston by 0.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 195,836 shares of the specialty retailer’s stock valued at $20,863,000 after purchasing an additional 1,400 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in Lamb Weston by 135.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 7,918 shares of the specialty retailer’s stock valued at $844,000 after acquiring an additional 4,549 shares in the last quarter. Tidal Investments LLC boosted its stake in Lamb Weston by 18.8% during the 1st quarter. Tidal Investments LLC now owns 6,122 shares of the specialty retailer’s stock valued at $652,000 after acquiring an additional 967 shares during the last quarter. LRI Investments LLC bought a new stake in shares of Lamb Weston in the 1st quarter worth about $308,000. Finally, Swedbank AB acquired a new stake in shares of Lamb Weston in the 1st quarter valued at about $5,324,000. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Lamb Weston Stock Down 0.2 %

Shares of LW stock opened at $76.71 on Thursday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. The stock has a market cap of $10.94 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 1.37 and a beta of 0.72. The business’s fifty day moving average is $73.57 and its 200-day moving average is $73.76. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $111.88.

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

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Friday, November 1st. Lamb Weston’s payout ratio is 33.80%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Citigroup raised their price objective on Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company upped their price objective on Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $68.00 target price (up from $63.00) on shares of Lamb Weston in a research note on Monday, October 7th. TD Cowen upped their price target on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, September 24th. Finally, Barclays increased their price objective on shares of Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Lamb Weston has an average rating of “Hold” and a consensus price target of $82.22.

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.