MQS Management LLC Buys Shares of 2,864 Lamb Weston Holdings, Inc. (NYSE:LW)

MQS Management LLC bought a new stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) in the 1st quarter, Holdings Channel reports. The firm bought 2,864 shares of the specialty retailer’s stock, valued at approximately $305,000.

Other large investors have also modified their holdings of the company. WFA Asset Management Corp boosted its holdings in shares of Lamb Weston by 248.6% in the first quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 174 shares during the period. Redmont Wealth Advisors LLC purchased a new stake in shares of Lamb Weston in the first quarter valued at approximately $32,000. TFO Wealth Partners LLC boosted its holdings in shares of Lamb Weston by 8,040.0% in the fourth quarter. TFO Wealth Partners LLC now owns 407 shares of the specialty retailer’s stock valued at $432,000 after purchasing an additional 402 shares during the period. Vima LLC purchased a new stake in shares of Lamb Weston in the fourth quarter valued at approximately $50,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Lamb Weston in the fourth quarter valued at approximately $51,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Performance

Shares of NYSE LW traded up $2.89 during mid-day trading on Friday, hitting $55.90. The stock had a trading volume of 1,280,010 shares, compared to its average volume of 2,384,427. 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 1.92, a quick ratio of 0.52 and a current ratio of 1.29. The firm has a market cap of $8.07 billion, a PE ratio of 7.46, a PEG ratio of 1.23 and a beta of 0.74. The company has a 50 day moving average of $82.71 and a two-hundred day moving average of $92.03.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 2nd will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Friday, August 2nd. Lamb Weston’s payout ratio is 19.23%.

Analysts Set New Price Targets

A number of analysts recently issued reports on LW shares. Bank of America lowered their price target on Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a report on Friday, April 5th. Consumer Edge downgraded shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a research note on Friday. TD Cowen downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $105.00 to $61.00 in a research note on Thursday. Citigroup reduced their price objective on shares of Lamb Weston from $106.00 to $104.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Finally, The Goldman Sachs Group reduced their price objective on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $93.10.

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.