1,248 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Purchased by Brown Lisle Cummings Inc.

Brown Lisle Cummings Inc. bought a new stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,248 shares of the specialty retailer’s stock, valued at approximately $83,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LW. HHM Wealth Advisors LLC lifted its holdings in Lamb Weston by 61.5% in the 4th quarter. HHM Wealth Advisors LLC now owns 1,615 shares of the specialty retailer’s stock valued at $108,000 after purchasing an additional 615 shares in the last quarter. Greenleaf Trust lifted its stake in shares of Lamb Weston by 9.7% in the fourth quarter. Greenleaf Trust now owns 3,805 shares of the specialty retailer’s stock worth $254,000 after buying an additional 335 shares in the last quarter. Osborne Partners Capital Management LLC boosted its position in Lamb Weston by 3.1% during the fourth quarter. Osborne Partners Capital Management LLC now owns 128,377 shares of the specialty retailer’s stock worth $8,579,000 after acquiring an additional 3,875 shares during the last quarter. Great Diamond Partners LLC boosted its position in Lamb Weston by 18.8% during the fourth quarter. Great Diamond Partners LLC now owns 3,873 shares of the specialty retailer’s stock worth $259,000 after acquiring an additional 613 shares during the last quarter. Finally, Swedbank AB grew its stake in Lamb Weston by 4.9% during the 4th quarter. Swedbank AB now owns 52,418 shares of the specialty retailer’s stock valued at $3,503,000 after acquiring an additional 2,439 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LW shares. Stifel Nicolaus lowered their target price on Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, December 20th. Bank of America upped their target price on Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, October 21st. JPMorgan Chase & Co. lifted their price target on Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Sanford C. Bernstein began coverage on shares of Lamb Weston in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 price objective for the company. Finally, Citigroup downgraded shares of Lamb Weston from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $90.00 to $68.00 in a research note on Friday, December 20th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $81.00.

Lamb Weston Stock Down 1.9 %

Shares of NYSE LW opened at $59.14 on Wednesday. Lamb Weston Holdings, Inc. has a 52-week low of $52.99 and a 52-week high of $107.50. The business’s 50 day moving average is $67.23 and its two-hundred day moving average is $67.78. The firm has a market cap of $8.44 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 1.47 and a beta of 0.72. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26.

Lamb Weston (NYSE:LW) last posted its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.35). The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.67 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. Lamb Weston’s revenue was down 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 EPS. Research analysts predict that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, January 31st. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a yield of 2.50%. Lamb Weston’s dividend payout ratio is 58.50%.

Insider Buying and Selling at Lamb Weston

In related news, Director Charles A. Blixt acquired 1,200 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was acquired at an average price of $63.25 per share, for a total transaction of $75,900.00. Following the purchase, the director now owns 22,982 shares of the company’s stock, valued at $1,453,611.50. This represents a 5.51 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert A. Niblock bought 3,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were purchased at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the purchase, the director now directly owns 26,406 shares of the company’s stock, valued at approximately $1,609,181.64. This trade represents a 12.82 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by corporate insiders.

About Lamb Weston

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.