Gamco Investors INC. ET AL Has $1.25 Million Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Gamco Investors INC. ET AL boosted its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 4.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,683 shares of the specialty retailer’s stock after purchasing an additional 480 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Lamb Weston were worth $1,245,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of LW. Norges Bank acquired a new stake in Lamb Weston in the 4th quarter worth about $93,553,000. Artemis Investment Management LLP raised its stake in Lamb Weston by 117.2% in the 1st quarter. Artemis Investment Management LLP now owns 1,230,538 shares of the specialty retailer’s stock worth $131,035,000 after purchasing an additional 663,985 shares in the last quarter. APG Asset Management US Inc. acquired a new stake in Lamb Weston in the 4th quarter worth about $56,699,000. Montrusco Bolton Investments Inc. raised its stake in Lamb Weston by 104.7% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 713,414 shares of the specialty retailer’s stock worth $77,113,000 after purchasing an additional 364,851 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in Lamb Weston by 97.8% in the 4th quarter. Jennison Associates LLC now owns 498,903 shares of the specialty retailer’s stock worth $53,926,000 after purchasing an additional 246,622 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Analysts Set New Price Targets

LW has been the subject of several analyst reports. The Goldman Sachs Group dropped their price objective on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday. Bank of America decreased their target price on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Stifel Nicolaus lowered shares of Lamb Weston from a “buy” rating to a “hold” rating and decreased their target price for the company from $115.00 to $60.00 in a report on Thursday. TD Cowen lowered shares of Lamb Weston from a “buy” rating to a “hold” rating and decreased their target price for the company from $105.00 to $61.00 in a report on Thursday. Finally, Consumer Edge lowered shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Lamb Weston has an average rating of “Moderate Buy” and an average price target of $87.70.

Lamb Weston Price Performance

Shares of Lamb Weston stock traded up $3.70 during midday trading on Friday, hitting $56.71. 9,809,144 shares of the company traded hands, compared to its average volume of 4,011,697. The stock has a market cap of $8.15 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 1.23 and a beta of 0.74. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.52 and a current ratio of 1.29. The firm’s fifty day moving average price is $82.11 and its 200-day moving average price is $91.57. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $111.88.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 2nd will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Friday, August 2nd. Lamb Weston’s dividend payout ratio (DPR) is presently 19.23%.

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.