Quantbot Technologies LP Sells 7,820 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Quantbot Technologies LP cut its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 21.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,835 shares of the specialty retailer’s stock after selling 7,820 shares during the period. Quantbot Technologies LP’s holdings in Lamb Weston were worth $1,802,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Clarkston Capital Partners LLC lifted its stake in shares of Lamb Weston by 108.7% in the third quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock worth $201,207,000 after buying an additional 1,618,570 shares during the last quarter. TPG GP A LLC raised its holdings in Lamb Weston by 74.4% in the 2nd quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer’s stock worth $245,869,000 after acquiring an additional 1,247,206 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in Lamb Weston by 5.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,045,582 shares of the specialty retailer’s stock worth $171,993,000 after acquiring an additional 114,049 shares during the last quarter. Champlain Investment Partners LLC boosted its holdings in Lamb Weston by 31.6% during the third quarter. Champlain Investment Partners LLC now owns 1,951,025 shares of the specialty retailer’s stock valued at $126,309,000 after acquiring an additional 468,190 shares during the period. Finally, Marshall Wace LLP grew its position in shares of Lamb Weston by 78.5% in the second quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer’s stock valued at $158,790,000 after purchasing an additional 830,511 shares during the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on LW. Barclays boosted their price objective on Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Bank of America raised their price objective on shares of Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. TD Cowen upped their target price on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, September 24th. Citigroup raised their price target on shares of Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company upped their price objective 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $82.22.

Lamb Weston Price Performance

Shares of Lamb Weston stock opened at $77.24 on Friday. The firm has a market cap of $11.01 billion, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 1.37 and a beta of 0.72. The firm’s 50-day simple moving average is $74.25 and its 200-day simple moving average is $73.75. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $111.88. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The company’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.63 EPS. As a group, research analysts expect that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 1st were issued a dividend of $0.36 per share. The ex-dividend date was Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.86%. Lamb Weston’s payout ratio is presently 33.80%.

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.