Tidal Investments LLC Buys 12,010 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Tidal Investments LLC increased its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 52.0% in the third quarter, HoldingsChannel reports. The firm owned 35,089 shares of the specialty retailer’s stock after buying an additional 12,010 shares during the period. Tidal Investments LLC’s holdings in Lamb Weston were worth $2,272,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in LW. City State Bank lifted its position in shares of Lamb Weston by 56.2% during the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 150 shares during the last quarter. Crewe Advisors LLC lifted its position in Lamb Weston by 357.5% during the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 261 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in Lamb Weston in the third quarter valued at approximately $29,000. Riverview Trust Co purchased a new position in Lamb Weston in the third quarter worth $35,000. Finally, Family Firm Inc. purchased a new position in Lamb Weston in the second quarter worth $36,000. Institutional investors own 89.56% of the company’s stock.

Analyst Upgrades and Downgrades

LW has been the subject of a number of recent analyst reports. Sanford C. Bernstein initiated coverage on Lamb Weston in a research report on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 price objective for the company. Wells Fargo & Company raised their price target on Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. Barclays upped their price objective on shares of Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Stifel Nicolaus lifted their target price on shares of Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. upped their price target on shares of Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $83.27.

Lamb Weston Stock Up 3.7 %

LW stock opened at $82.23 on Tuesday. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. The firm’s fifty day simple moving average is $76.48 and its 200-day simple moving average is $72.85. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $111.88. The company has a market capitalization of $11.73 billion, a P/E ratio of 19.30, a price-to-earnings-growth ratio of 1.34 and a beta of 0.70.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, topping 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 return on equity of 34.33% and a net margin of 9.57%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the firm earned $1.63 EPS. As a group, equities research analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current year.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 1st were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Friday, November 1st. Lamb Weston’s payout ratio is presently 33.80%.

About Lamb Weston

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.