Concurrent Investment Advisors LLC Has $396,000 Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Concurrent Investment Advisors LLC cut its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 22.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,123 shares of the specialty retailer’s stock after selling 1,754 shares during the period. Concurrent Investment Advisors LLC’s holdings in Lamb Weston were worth $396,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Sei Investments Co. lifted its position in shares of Lamb Weston by 20.0% in the 1st quarter. Sei Investments Co. now owns 207,710 shares of the specialty retailer’s stock worth $22,128,000 after purchasing an additional 34,553 shares during the period. Empowered Funds LLC acquired a new position in shares of Lamb Weston in the 1st quarter worth approximately $810,000. Confluence Investment Management LLC acquired a new position in shares of Lamb Weston in the 2nd quarter worth approximately $7,937,000. EntryPoint Capital LLC acquired a new position in shares of Lamb Weston in the 1st quarter worth approximately $28,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Lamb Weston in the 2nd quarter worth approximately $3,279,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on LW shares. Stifel Nicolaus boosted their price target on shares of Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Consumer Edge downgraded shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $68.00 target price (up previously from $63.00) on shares of Lamb Weston in a research report on Monday, October 7th. Barclays boosted their target price on shares of Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Finally, Bank of America boosted their target price on shares of Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $82.22.

Lamb Weston Stock Performance

LW opened at $81.20 on Monday. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. The company’s fifty day moving average price is $70.06 and its two-hundred day moving average price is $74.30. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $111.88. The company has a market cap of $11.58 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 1.45 and a beta of 0.72.

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, topping the consensus estimate of $0.72 by $0.01. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the company posted $1.63 earnings per share. The business’s revenue was down .7% on a year-over-year basis. On average, analysts expect that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.77%. Lamb Weston’s dividend payout ratio is currently 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.