SRN Advisors LLC Buys 410 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

SRN Advisors LLC lifted its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 4.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 8,938 shares of the specialty retailer’s stock after acquiring an additional 410 shares during the period. SRN Advisors LLC’s holdings in Lamb Weston were worth $952,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Lamb Weston by 0.4% in the first quarter. Vanguard Group Inc. now owns 16,695,138 shares of the specialty retailer’s stock worth $1,778,533,000 after purchasing an additional 60,601 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Lamb Weston by 15.1% in the fourth quarter. Franklin Resources Inc. now owns 1,842,751 shares of the specialty retailer’s stock valued at $199,183,000 after acquiring an additional 241,848 shares during the period. Champlain Investment Partners LLC increased its position in shares of Lamb Weston by 11.7% in the first quarter. Champlain Investment Partners LLC now owns 1,233,420 shares of the specialty retailer’s stock valued at $131,396,000 after acquiring an additional 129,120 shares during the period. Artemis Investment Management LLP increased its position in shares of Lamb Weston by 117.2% in the first quarter. Artemis Investment Management LLP now owns 1,230,538 shares of the specialty retailer’s stock valued at $131,035,000 after acquiring an additional 663,985 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Lamb Weston by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,167,446 shares of the specialty retailer’s stock valued at $126,189,000 after acquiring an additional 21,981 shares during the period. 89.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LW has been the topic of a number of analyst reports. Wells Fargo & Company decreased their price objective on shares of Lamb Weston from $98.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. Bank of America decreased their price objective 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. Citigroup reduced 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. TD Cowen cut shares of Lamb Weston from a “buy” rating to a “hold” rating and reduced their price target for the company from $105.00 to $61.00 in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. reduced 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, July 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $87.70.

Insider Transactions at Lamb Weston

In other news, Director William G. Jurgensen bought 10,000 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were purchased at an average price of $55.43 per share, for a total transaction of $554,300.00. Following the completion of the purchase, the director now owns 173,377 shares in the company, valued at approximately $9,610,287.11. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.66% of the company’s stock.

Lamb Weston Stock Down 3.4 %

LW traded down $2.00 during midday trading on Friday, reaching $56.94. The company’s stock had a trading volume of 4,766,844 shares, compared to its average volume of 5,084,109. The firm has a market capitalization of $8.18 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 5.65 and a beta of 0.74. The company has a current ratio of 1.29, a quick ratio of 0.59 and a debt-to-equity ratio of 1.92. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $111.88. The stock’s 50-day moving average is $79.16 and its 200-day moving average is $89.99.

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 2nd will be paid a $0.36 dividend. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $1.44 annualized dividend and a dividend yield of 2.53%. Lamb Weston’s dividend 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.