Courier Capital LLC Buys 972 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Courier Capital LLC raised its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 27.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,509 shares of the specialty retailer’s stock after purchasing an additional 972 shares during the period. Courier Capital LLC’s holdings in Lamb Weston were worth $301,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Miracle Mile Advisors LLC bought a new position in shares of Lamb Weston in the 4th quarter worth $1,439,000. Czech National Bank lifted its stake in shares of Lamb Weston by 5.6% in the fourth quarter. Czech National Bank now owns 30,919 shares of the specialty retailer’s stock valued at $2,066,000 after buying an additional 1,652 shares in the last quarter. West Oak Capital LLC lifted its stake in shares of Lamb Weston by 155.7% in the fourth quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 274 shares in the last quarter. Fulton Bank N.A. grew its holdings in shares of Lamb Weston by 6.2% during the fourth quarter. Fulton Bank N.A. now owns 4,877 shares of the specialty retailer’s stock valued at $326,000 after buying an additional 285 shares during the last quarter. Finally, Insight Wealth Strategies LLC increased its position in shares of Lamb Weston by 36.0% during the fourth quarter. Insight Wealth Strategies LLC now owns 61,950 shares of the specialty retailer’s stock worth $4,140,000 after acquiring an additional 16,412 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Insider Activity at Lamb Weston

In related news, Director Robert A. Niblock purchased 3,000 shares of Lamb Weston stock in a transaction dated Monday, January 13th. The stock was bought at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the transaction, the director now owns 26,406 shares in the company, valued at $1,609,181.64. This trade represents a 12.82 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles A. Blixt acquired 1,200 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were 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 $1,453,611.50. This represents a 5.51 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LW shares. Sanford C. Bernstein assumed coverage on Lamb Weston in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price target for the company. Bank of America upped their price target on Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. TD Cowen raised their price objective on Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. upped their target price on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Finally, Wells Fargo & Company raised their price target on shares of Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $81.00.

Lamb Weston Stock Down 1.8 %

LW opened at $59.74 on Wednesday. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $110.61. The company’s 50-day moving average price is $72.55 and its two-hundred day moving average price is $69.81. The stock has a market cap of $8.52 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 1.42 and a beta of 0.73. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87.

Lamb Weston (NYSE:LW) last posted 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 during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the company posted $1.45 EPS. Lamb Weston’s revenue for the quarter was down 7.5% on a year-over-year basis. As a group, equities analysts expect that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current year.

Lamb Weston Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, January 31st will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.48 annualized dividend and a yield of 2.48%. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.36. Lamb Weston’s dividend payout ratio (DPR) is 58.50%.

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.