Cambiar Investors LLC Has $6.28 Million Stock Position in Lamb Weston $LW

Cambiar Investors LLC reduced its stake in shares of Lamb Weston (NYSE:LW) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 121,082 shares of the specialty retailer’s stock after selling 1,268 shares during the quarter. Cambiar Investors LLC owned 0.09% of Lamb Weston worth $6,278,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its stake in Lamb Weston by 23.0% in the first quarter. Envestnet Asset Management Inc. now owns 723,215 shares of the specialty retailer’s stock valued at $38,547,000 after buying an additional 135,188 shares in the last quarter. Jump Financial LLC boosted its stake in Lamb Weston by 2,603.3% in the first quarter. Jump Financial LLC now owns 189,826 shares of the specialty retailer’s stock valued at $10,118,000 after buying an additional 182,804 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in Lamb Weston in the first quarter valued at about $1,059,000. Liberty One Investment Management LLC boosted its stake in Lamb Weston by 17.4% in the first quarter. Liberty One Investment Management LLC now owns 411,353 shares of the specialty retailer’s stock valued at $21,925,000 after buying an additional 61,085 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in Lamb Weston in the first quarter valued at about $3,847,000. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Price Performance

Lamb Weston stock opened at $61.73 on Friday. The company has a current ratio of 1.49, a quick ratio of 0.77 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $8.60 billion, a PE ratio of 29.54, a P/E/G ratio of 4.09 and a beta of 0.52. Lamb Weston has a 12 month low of $47.87 and a 12 month high of $83.98. The stock has a 50-day moving average price of $59.85 and a two-hundred day moving average price of $55.60.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.64 earnings per share (EPS) for the quarter. Lamb Weston had a return on equity of 28.08% and a net margin of 4.56%.The company had revenue of $1.15 billion during the quarter. Analysts expect that Lamb Weston will post 3.1 EPS for the current year.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, October 31st will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, October 31st. Lamb Weston’s dividend payout ratio (DPR) is 70.81%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Barclays raised their price objective on Lamb Weston from $61.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Zacks Research raised Lamb Weston from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. JPMorgan Chase & Co. initiated coverage on Lamb Weston in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $57.00 target price for the company. Stifel Nicolaus set a $66.00 target price on Lamb Weston in a research report on Wednesday, October 1st. Finally, Cfra Research upgraded Lamb Weston to a “hold” rating in a research report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Lamb Weston has a consensus rating of “Hold” and an average price target of $65.70.

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.