Arvin Capital Management LP Sells 226,413 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Arvin Capital Management LP lessened its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 71.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,000 shares of the specialty retailer’s stock after selling 226,413 shares during the period. Lamb Weston makes up about 1.9% of Arvin Capital Management LP’s investment portfolio, making the stock its 21st largest holding. Arvin Capital Management LP owned 0.06% of Lamb Weston worth $5,827,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Tidal Investments LLC grew its holdings in shares of Lamb Weston by 18.8% during the first quarter. Tidal Investments LLC now owns 6,122 shares of the specialty retailer’s stock valued at $652,000 after buying an additional 967 shares during the last quarter. Atria Investments Inc lifted its holdings in shares of Lamb Weston by 27.6% during the first quarter. Atria Investments Inc now owns 12,092 shares of the specialty retailer’s stock valued at $1,288,000 after purchasing an additional 2,613 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Lamb Weston by 298.9% during the first quarter. Cetera Investment Advisers now owns 19,361 shares of the specialty retailer’s stock valued at $2,063,000 after buying an additional 14,508 shares during the last quarter. Cetera Advisors LLC increased its holdings in Lamb Weston by 17.7% in the 1st quarter. Cetera Advisors LLC now owns 6,605 shares of the specialty retailer’s stock worth $704,000 after buying an additional 992 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Lamb Weston by 135.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 220 shares during the period. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LW. Citigroup boosted their price objective on shares of Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Wells Fargo & Company increased their price target on Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, October 3rd. Stifel Nicolaus lifted their price objective on Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, October 25th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $68.00 target price (up from $63.00) on shares of Lamb Weston in a research report on Monday, October 7th. Finally, Bank of America increased their price objective on shares of Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. One investment 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $82.22.

Lamb Weston Trading Up 0.7 %

Shares of LW opened at $77.24 on Monday. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. The company’s fifty day moving average is $74.25 and its 200 day moving average is $73.58. The stock has a market capitalization of $11.01 billion, a PE ratio of 18.13, a P/E/G ratio of 1.38 and a beta of 0.72.

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

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 1st were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a yield of 1.86%. Lamb Weston’s payout ratio is 33.80%.

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.