Oak Thistle LLC Buys New Position in Lamb Weston $LW

Oak Thistle LLC purchased a new position in shares of Lamb Weston (NYSE:LW) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 27,737 shares of the specialty retailer’s stock, valued at approximately $1,611,000.

A number of other large investors have also recently bought and sold shares of the company. Longfellow Investment Management Co. LLC bought a new position in Lamb Weston in the second quarter valued at $400,000. Jump Financial LLC lifted its position in Lamb Weston by 2,603.3% during the 1st quarter. Jump Financial LLC now owns 189,826 shares of the specialty retailer’s stock worth $10,118,000 after buying an additional 182,804 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Lamb Weston by 29.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 912,668 shares of the specialty retailer’s stock worth $47,322,000 after buying an additional 207,210 shares during the last quarter. Alberta Investment Management Corp grew its holdings in shares of Lamb Weston by 291.7% in the 2nd quarter. Alberta Investment Management Corp now owns 391,700 shares of the specialty retailer’s stock valued at $20,310,000 after acquiring an additional 291,700 shares in the last quarter. Finally, Ensign Peak Advisors Inc raised its holdings in Lamb Weston by 24.6% during the second quarter. Ensign Peak Advisors Inc now owns 287,152 shares of the specialty retailer’s stock worth $14,889,000 after acquiring an additional 56,664 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Trading Down 0.7%

Shares of Lamb Weston stock opened at $59.37 on Thursday. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.49 and a quick ratio of 0.77. The business has a fifty day simple moving average of $61.01 and a two-hundred day simple moving average of $57.21. Lamb Weston has a 1 year low of $47.87 and a 1 year high of $81.75. The company has a market capitalization of $8.27 billion, a price-to-earnings ratio of 28.41, a P/E/G ratio of 5.49 and a beta of 0.44.

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

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, October 31st were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, October 31st. Lamb Weston’s dividend payout ratio is currently 70.81%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LW shares. Deutsche Bank Aktiengesellschaft raised their price target on Lamb Weston from $59.00 to $61.00 and gave the company a “hold” rating in a research note on Wednesday, October 1st. JPMorgan Chase & Co. started coverage on shares of Lamb Weston in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $57.00 target price for the company. Jefferies Financial Group upped their price target on shares of Lamb Weston from $67.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Zacks Research cut shares of Lamb Weston from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Lamb Weston in a research note on Monday. Four analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $65.20.

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.