Lindbrook Capital LLC Has $270,000 Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

Lindbrook Capital LLC grew its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 7.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,502 shares of the specialty retailer’s stock after acquiring an additional 182 shares during the quarter. Lindbrook Capital LLC’s holdings in Lamb Weston were worth $270,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of LW. VisionPoint Advisory Group LLC increased its stake in shares of Lamb Weston by 113.4% in the third quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 161 shares during the period. FinTrust Capital Advisors LLC increased its stake in shares of Lamb Weston by 24.4% in the third quarter. FinTrust Capital Advisors LLC now owns 582 shares of the specialty retailer’s stock valued at $54,000 after buying an additional 114 shares during the period. Private Trust Co. NA increased its stake in shares of Lamb Weston by 17.6% in the third quarter. Private Trust Co. NA now owns 1,084 shares of the specialty retailer’s stock valued at $100,000 after buying an additional 162 shares during the period. Covestor Ltd increased its stake in shares of Lamb Weston by 300.6% in the third quarter. Covestor Ltd now owns 1,294 shares of the specialty retailer’s stock valued at $120,000 after buying an additional 971 shares during the period. Finally, Desjardins Global Asset Management Inc. increased its stake in shares of Lamb Weston by 537.1% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,134 shares of the specialty retailer’s stock valued at $123,000 after buying an additional 956 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. BNP Paribas assumed coverage on Lamb Weston in a report on Monday, March 11th. They issued an “outperform” rating and a $128.00 target price on the stock. Barclays decreased their target price on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Monday, April 8th. Wells Fargo & Company decreased their target price on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a research report on Friday, April 5th. StockNews.com downgraded shares of Lamb Weston from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Finally, Citigroup decreased their target price on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $117.40.

Lamb Weston Stock Performance

NYSE LW opened at $82.12 on Tuesday. The company has a fifty day simple moving average of $97.02 and a 200 day simple moving average of $98.79. Lamb Weston Holdings, Inc. has a 12-month low of $77.41 and a 12-month high of $117.38. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 1.81. The company has a market cap of $11.86 billion, a P/E ratio of 10.96, a PEG ratio of 1.32 and a beta of 0.72.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.20). Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the business posted $1.43 earnings per share. Lamb Weston’s revenue was up 16.3% on a year-over-year basis. Sell-side analysts predict that Lamb Weston Holdings, Inc. will post 5.52 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Thursday, May 2nd. Lamb Weston’s payout ratio is 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.