Lamb Weston Holdings, Inc. (NYSE:LW) Shares Acquired by SRN Advisors LLC

SRN Advisors LLC increased its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 4.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,938 shares of the specialty retailer’s stock after buying an additional 410 shares during the period. SRN Advisors LLC’s holdings in Lamb Weston were worth $952,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WFA Asset Management Corp increased its position in shares of Lamb Weston by 248.6% in the 1st quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 174 shares during the last quarter. EntryPoint Capital LLC acquired a new position in shares of Lamb Weston in the 1st quarter valued at about $28,000. Redmont Wealth Advisors LLC acquired a new position in shares of Lamb Weston in the 1st quarter valued at about $32,000. Vima LLC acquired a new position in Lamb Weston during the 4th quarter valued at about $50,000. Finally, Headlands Technologies LLC acquired a new position in Lamb Weston during the 4th quarter valued at about $51,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Insider Activity at Lamb Weston

In other Lamb Weston news, Director William G. Jurgensen bought 10,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were acquired at an average cost of $55.43 per share, for a total transaction of $554,300.00. Following the transaction, the director now owns 173,377 shares in the company, valued at $9,610,287.11. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LW. Citigroup reduced their price target on shares of Lamb Weston from $106.00 to $104.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Wells Fargo & Company cut their price target on shares of Lamb Weston from $98.00 to $70.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. Consumer Edge lowered shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a report on Friday, July 26th. Bank of America dropped their price objective on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Finally, Stifel Nicolaus downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating and decreased their target price for the stock from $115.00 to $60.00 in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Lamb Weston presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.70.

Lamb Weston Stock Performance

NYSE:LW traded down $2.00 during trading hours on Friday, hitting $56.94. 4,766,844 shares of the company traded hands, compared to its average volume of 5,084,109. The stock has a market capitalization of $8.18 billion, a price-to-earnings ratio of 7.60, a P/E/G ratio of 5.65 and a beta of 0.74. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $111.88. The firm has a 50-day moving average of $79.16 and a 200 day moving average of $89.99. The company has a current ratio of 1.29, a quick ratio of 0.59 and a debt-to-equity ratio of 1.92.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 2nd will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.53%. The ex-dividend date is Friday, August 2nd. Lamb Weston’s payout ratio is currently 19.23%.

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.