D.A. Davidson & CO. Grows Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

D.A. Davidson & CO. increased its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 5.9% during the 3rd quarter, Holdings Channel reports. The firm owned 58,706 shares of the specialty retailer’s stock after buying an additional 3,248 shares during the period. D.A. Davidson & CO.’s holdings in Lamb Weston were worth $3,801,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. City State Bank grew its stake in shares of Lamb Weston by 56.2% in the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 150 shares during the last quarter. Crewe Advisors LLC boosted its position in Lamb Weston by 357.5% during the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 261 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in Lamb Weston during the 3rd quarter valued at approximately $29,000. GAMMA Investing LLC boosted its position in Lamb Weston by 135.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 220 shares in the last quarter. Finally, Riverview Trust Co bought a new stake in Lamb Weston during the 3rd quarter valued at approximately $35,000. 89.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LW has been the topic of several research reports. Barclays lifted their price objective on Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. TD Cowen lifted their price objective on Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, September 24th. Wells Fargo & Company lifted their price objective on Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. Stifel Nicolaus lifted their price objective on Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, Bank of America boosted their price target on Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Lamb Weston has an average rating of “Hold” and an average price target of $82.22.

Lamb Weston Price Performance

Shares of NYSE LW opened at $76.71 on Friday. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $111.88. The firm has a market cap of $10.94 billion, a P/E ratio of 18.01, a PEG ratio of 1.37 and a beta of 0.72. The company has a 50 day moving average of $74.01 and a 200 day moving average of $73.81. 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 announced its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the business earned $1.63 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. As a group, research analysts expect that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Announces Dividend

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

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.