Tidal Investments LLC Purchases 12,010 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Tidal Investments LLC grew its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 52.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 35,089 shares of the specialty retailer’s stock after acquiring an additional 12,010 shares during the quarter. Tidal Investments LLC’s holdings in Lamb Weston were worth $2,272,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. City State Bank grew its position in Lamb Weston by 56.2% in the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 150 shares in the last quarter. Crewe Advisors LLC boosted its holdings in shares of Lamb Weston by 357.5% in the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 261 shares during the period. Northwest Investment Counselors LLC bought a new position in shares of Lamb Weston during the 3rd quarter valued at approximately $29,000. Riverview Trust Co bought a new position in shares of Lamb Weston during the 3rd quarter valued at approximately $35,000. Finally, Family Firm Inc. purchased a new stake in Lamb Weston during the 2nd quarter valued at $36,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Stock Up 3.7 %

Shares of NYSE:LW opened at $82.23 on Tuesday. The business’s 50 day moving average is $76.48 and its 200 day moving average is $72.85. The stock has a market cap of $11.73 billion, a P/E ratio of 19.30, a price-to-earnings-growth ratio of 1.34 and a beta of 0.70. Lamb Weston Holdings, Inc. has a 52-week low of $52.99 and a 52-week high of $111.88. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87.

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

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 1st were issued a $0.36 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.75%. Lamb Weston’s dividend payout ratio is currently 33.80%.

Analyst Upgrades and Downgrades

Several research analysts have commented on LW shares. JPMorgan Chase & Co. lifted their price objective on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday. Citigroup lifted their price target on shares of Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Barclays increased their price objective on shares of Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Stifel Nicolaus raised their price objective on shares of Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company upped their target price on Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $83.27.

Lamb Weston 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.