Professional Financial Advisors LLC Purchases 828 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Professional Financial Advisors LLC increased its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 5.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 15,414 shares of the specialty retailer’s stock after buying an additional 828 shares during the period. Professional Financial Advisors LLC’s holdings in Lamb Weston were worth $1,030,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. City State Bank grew its holdings in shares of Lamb Weston by 56.2% during 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 last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of Lamb Weston in the third quarter valued at about $29,000. West Oak Capital LLC lifted its position in shares of Lamb Weston by 155.7% in the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 274 shares during the period. Riverview Trust Co bought a new stake in Lamb Weston during the third quarter valued at $35,000. Finally, CVA Family Office LLC grew its position in shares of Lamb Weston by 143.8% during the 3rd quarter. CVA Family Office LLC now owns 573 shares of the specialty retailer’s stock worth $37,000 after buying an additional 338 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Stock Up 0.1 %

LW opened at $60.81 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. The business’s 50-day moving average price is $72.94 and its 200-day moving average price is $69.98. The company has a market cap of $8.67 billion, a P/E ratio of 14.27, a P/E/G ratio of 1.42 and a beta of 0.73. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $110.61.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.35). Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the company posted $1.45 earnings per share. The business’s revenue was down 7.5% on a year-over-year basis. On average, equities analysts expect that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 31st will be given a dividend of $0.37 per share. This is an increase from Lamb Weston’s previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Friday, January 31st. Lamb Weston’s payout ratio is presently 58.50%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LW. Barclays cut their price objective on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a research report on Monday, December 23rd. TD Cowen lifted their target price on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft assumed coverage on Lamb Weston in a report on Thursday, December 12th. They set a “hold” rating and a $81.00 price target on the stock. Jefferies Financial Group increased their target price on Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. lifted their target price on Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Lamb Weston presently has an average rating of “Hold” and an average target price of $81.00.

Insider Activity

In other news, Director Charles A. Blixt acquired 1,200 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average cost of $63.25 per share, for a total transaction of $75,900.00. Following the acquisition, the director now directly owns 22,982 shares in the company, valued at approximately $1,453,611.50. The trade was a 5.51 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.72% of the company’s stock.

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.