Lamb Weston Holdings, Inc. (NYSE:LW) Holdings Cut by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC decreased its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 2.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,446 shares of the specialty retailer’s stock after selling 476 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Lamb Weston were worth $2,178,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LW. WFA Asset Management Corp increased its stake in shares of Lamb Weston by 248.6% during the 1st quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 174 shares during the last quarter. EntryPoint Capital LLC acquired a new position in Lamb Weston in the 1st quarter valued at $28,000. Redmont Wealth Advisors LLC acquired a new position in Lamb Weston in the 1st quarter valued at $32,000. TFO Wealth Partners LLC grew its stake in Lamb Weston by 8,040.0% in the 4th quarter. TFO Wealth Partners LLC now owns 407 shares of the specialty retailer’s stock valued at $432,000 after buying an additional 402 shares during the last quarter. Finally, Vima LLC acquired a new position in Lamb Weston in the 4th quarter valued at $50,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Wall Street Analyst Weigh In

LW has been the topic of a number of research analyst reports. Stifel Nicolaus lowered shares of Lamb Weston from a “buy” rating to a “hold” rating and lowered their target price for the company from $115.00 to $60.00 in a research note on Thursday. JPMorgan Chase & Co. decreased their price target on shares of Lamb Weston from $108.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday. Bank of America decreased their price target on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Barclays decreased their price target on shares of Lamb Weston from $96.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Citigroup decreased their price target on shares of Lamb Weston from $106.00 to $104.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Lamb Weston has a consensus rating of “Moderate Buy” and a consensus target price of $87.70.

Lamb Weston Trading Up 7.0 %

Shares of LW traded up $3.70 on Friday, reaching $56.71. 9,809,144 shares of the company’s stock were exchanged, compared to its average volume of 4,011,697. The company has a current ratio of 1.29, a quick ratio of 0.52 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $8.15 billion, a P/E ratio of 7.57, a price-to-earnings-growth ratio of 1.15 and a beta of 0.74. The business has a 50 day moving average price of $82.11 and a two-hundred day moving average price of $91.68. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $111.88.

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 2nd will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.54%. The ex-dividend date is Friday, August 2nd. Lamb Weston’s payout ratio is presently 19.23%.

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.