Lamb Weston Holdings, Inc. (NYSE:LW) Position Reduced by Entropy Technologies LP

Entropy Technologies LP cut its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 28.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 9,278 shares of the specialty retailer’s stock after selling 3,720 shares during the period. Entropy Technologies LP’s holdings in Lamb Weston were worth $601,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. City State Bank increased its holdings in shares of Lamb Weston by 56.2% in the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 150 shares during the period. EntryPoint Capital LLC acquired a new position in shares of Lamb Weston in the 1st quarter valued at about $28,000. Crewe Advisors LLC increased its holdings in shares of Lamb Weston by 357.5% in the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 261 shares during the period. Northwest Investment Counselors LLC acquired a new position in shares of Lamb Weston in the 3rd quarter valued at about $29,000. Finally, GAMMA Investing LLC increased its holdings in shares of Lamb Weston by 135.8% in the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 220 shares during the period. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Trading Up 0.4 %

Shares of LW stock opened at $80.41 on Friday. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $111.88. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. The business’s 50 day moving average is $71.19 and its two-hundred day moving average is $74.30. The company has a market cap of $11.47 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 1.44 and a beta of 0.72.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the prior 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 predict that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be given a $0.36 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.79%. Lamb Weston’s dividend payout ratio is 33.80%.

Wall Street Analyst Weigh In

LW has been the topic of a number of research reports. Consumer Edge downgraded Lamb Weston from an “overweight” rating to an “equal weight” rating in a report on Friday, July 26th. Wells Fargo & Company increased their price objective 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. restated a “neutral” rating and issued a $68.00 price objective (up previously from $63.00) on shares of Lamb Weston in a report on Monday, October 7th. Barclays increased their price objective on Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Finally, Stifel Nicolaus increased their price objective on Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus 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.