Jane Street Group LLC lifted its holdings in shares of Lamb Weston Holdings Inc (NYSE:LW) by 837.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 113,104 shares of the specialty retailer’s stock after acquiring an additional 101,043 shares during the quarter. Jane Street Group LLC’s holdings in Lamb Weston were worth $6,585,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Globeflex Capital L P bought a new stake in Lamb Weston in the fourth quarter valued at about $106,000. Tower Research Capital LLC TRC increased its holdings in Lamb Weston by 844.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,888 shares of the specialty retailer’s stock valued at $107,000 after buying an additional 1,688 shares during the last quarter. Captrust Financial Advisors bought a new stake in Lamb Weston in the fourth quarter valued at about $112,000. Stevens First Principles Investment Advisors increased its holdings in Lamb Weston by 3,620.9% in the first quarter. Stevens First Principles Investment Advisors now owns 1,600 shares of the specialty retailer’s stock valued at $176,000 after buying an additional 1,557 shares during the last quarter. Finally, We Are One Seven LLC increased its holdings in Lamb Weston by 2,451.3% in the first quarter. We Are One Seven LLC now owns 3,036 shares of the specialty retailer’s stock valued at $177,000 after buying an additional 2,917 shares during the last quarter. 81.08% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently weighed in on LW shares. Vertical Group started coverage on Lamb Weston in a report on Tuesday, May 22nd. They issued a “sell” rating and a $56.00 price objective for the company. Morgan Stanley boosted their price objective on Lamb Weston from $61.00 to $64.00 and gave the company an “equal weight” rating in a report on Friday, April 6th. Zacks Investment Research lowered Lamb Weston from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. Vertical Research started coverage on Lamb Weston in a report on Monday, May 21st. They set a “sell” rating for the company. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $66.00 target price on shares of Lamb Weston in a report on Thursday, April 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $62.50.
Lamb Weston (NYSE:LW) last posted its earnings results on Thursday, April 5th. The specialty retailer reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.11. The company had revenue of $863.40 million during the quarter, compared to analyst estimates of $813.81 million. Lamb Weston had a negative return on equity of 69.53% and a net margin of 11.75%. The business’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 earnings per share. equities research analysts anticipate that Lamb Weston Holdings Inc will post 2.61 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Friday, May 4th were issued a dividend of $0.1913 per share. This represents a $0.77 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Thursday, May 3rd. Lamb Weston’s dividend payout ratio (DPR) is presently 32.76%.
Lamb Weston Profile
Lamb Weston Holdings, Inc produces and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.
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