21,573 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in Lamb Weston Holdings, Inc. (NYSE:LW) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 21,573 shares of the specialty retailer’s stock, valued at approximately $1,397,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. City State Bank raised 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. Kornitzer Capital Management Inc. KS boosted its stake in shares of Lamb Weston by 0.8% in the third quarter. Kornitzer Capital Management Inc. KS now owns 18,756 shares of the specialty retailer’s stock valued at $1,214,000 after buying an additional 156 shares during the period. Bridges Investment Management Inc. lifted its position in shares of Lamb Weston by 2.8% during the 3rd quarter. Bridges Investment Management Inc. now owns 6,648 shares of the specialty retailer’s stock valued at $430,000 after acquiring an additional 181 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Lamb Weston by 1.4% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,382 shares of the specialty retailer’s stock worth $1,125,000 after buying an additional 188 shares in the last quarter. Finally, Fulton Bank N.A. boosted its position in shares of Lamb Weston by 4.6% during the 3rd quarter. Fulton Bank N.A. now owns 4,592 shares of the specialty retailer’s stock worth $297,000 after acquiring an additional 201 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Stock Performance

Shares of LW opened at $76.83 on Wednesday. The stock has a 50 day moving average of $73.35 and a 200 day moving average of $73.82. The company has a market capitalization of $10.96 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 1.38 and a beta of 0.72. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $111.88. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87.

Lamb Weston (NYSE:LW) last announced its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The business’s revenue was down .7% compared to the same quarter last year. During the same period last year, the firm posted $1.63 EPS. As a group, sell-side analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston’s payout ratio is 33.80%.

Analyst Ratings Changes

A number of research analysts have issued reports on LW shares. Bank of America lifted their target price on Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Citigroup boosted their price objective on shares of Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus upped 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. Barclays increased their price target on Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Finally, TD Cowen lifted their price objective on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $82.22.

Lamb Weston 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.