Trail Ridge Investment Advisors LLC Makes New $290,000 Investment in Lamb Weston Holdings, Inc. (NYSE:LW)

Trail Ridge Investment Advisors LLC purchased a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LWGet Rating) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,583 shares of the specialty retailer’s stock, valued at approximately $290,000.

A number of other large investors also recently bought and sold shares of the business. Invesco Ltd. raised its stake in Lamb Weston by 9.0% during the fourth quarter. Invesco Ltd. now owns 1,790,479 shares of the specialty retailer’s stock worth $113,480,000 after purchasing an additional 147,166 shares during the period. Geode Capital Management LLC raised its stake in Lamb Weston by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 2,644,005 shares of the specialty retailer’s stock worth $167,311,000 after purchasing an additional 47,781 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Lamb Weston by 4.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,182,572 shares of the specialty retailer’s stock worth $74,952,000 after purchasing an additional 55,052 shares during the period. Ensign Peak Advisors Inc raised its stake in Lamb Weston by 461.0% during the fourth quarter. Ensign Peak Advisors Inc now owns 1,300,620 shares of the specialty retailer’s stock worth $82,433,000 after purchasing an additional 1,068,780 shares during the period. Finally, Thornburg Investment Management Inc. raised its stake in Lamb Weston by 22.1% during the fourth quarter. Thornburg Investment Management Inc. now owns 190,815 shares of the specialty retailer’s stock worth $12,094,000 after purchasing an additional 34,558 shares during the period. 93.23% of the stock is currently owned by institutional investors.

A number of equities analysts have recently commented on LW shares. Zacks Investment Research downgraded shares of Lamb Weston from a “hold” rating to a “sell” rating and set a $54.00 target price on the stock. in a research note on Wednesday, March 9th. The Goldman Sachs Group cut their target price on shares of Lamb Weston from $70.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 16th. Jefferies Financial Group cut their target price on shares of Lamb Weston from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, March 29th. StockNews.com started coverage on shares of Lamb Weston in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, JPMorgan Chase & Co. cut their target price on shares of Lamb Weston from $79.00 to $74.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $69.20.

LW traded down $0.30 during trading hours on Wednesday, reaching $63.43. 14,362 shares of the stock traded hands, compared to its average volume of 1,315,004. The firm’s fifty day simple moving average is $62.92 and its two-hundred day simple moving average is $61.65. The company has a market cap of $9.16 billion, a price-to-earnings ratio of 40.08, a PEG ratio of 2.31 and a beta of 0.57. Lamb Weston Holdings, Inc. has a fifty-two week low of $49.71 and a fifty-two week high of $85.72. The company has a debt-to-equity ratio of 6.87, a current ratio of 2.63 and a quick ratio of 1.59.

Lamb Weston (NYSE:LWGet Rating) last released its quarterly earnings results on Thursday, April 7th. The specialty retailer reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.29. The business had revenue of $955.00 million during the quarter, compared to analyst estimates of $972.64 million. Lamb Weston had a net margin of 5.93% and a return on equity of 66.02%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the business earned $0.45 EPS. On average, research analysts predict that Lamb Weston Holdings, Inc. will post 1.93 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 3rd. Shareholders of record on Friday, May 6th will be issued a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, May 5th. Lamb Weston’s dividend payout ratio is currently 61.64%.

Lamb Weston Company Profile (Get Rating)

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.

Featured Articles

Want to see what other hedge funds are holding LW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lamb Weston Holdings, Inc. (NYSE:LWGet Rating).

Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

Receive News & Ratings for Lamb Weston Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamb Weston and related companies with MarketBeat.com's FREE daily email newsletter.