Oak Thistle LLC Purchases New Shares in Lamb Weston $LW

Oak Thistle LLC acquired a new stake in Lamb Weston (NYSE:LW) during the third quarter, HoldingsChannel reports. The fund acquired 27,737 shares of the specialty retailer’s stock, valued at approximately $1,611,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. American National Bank & Trust bought a new stake in shares of Lamb Weston in the second quarter valued at about $25,000. ST Germain D J Co. Inc. raised its stake in Lamb Weston by 64.2% in the 2nd quarter. ST Germain D J Co. Inc. now owns 537 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 210 shares in the last quarter. Ameriflex Group Inc. raised its stake in Lamb Weston by 407.7% in the 2nd quarter. Ameriflex Group Inc. now owns 594 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 477 shares in the last quarter. City State Bank boosted its holdings in Lamb Weston by 86.8% in the 2nd quarter. City State Bank now owns 779 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 362 shares during the period. Finally, First Horizon Advisors Inc. grew its position in shares of Lamb Weston by 519.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 843 shares of the specialty retailer’s stock worth $44,000 after purchasing an additional 707 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Stock Down 0.7%

NYSE LW opened at $59.37 on Thursday. The business has a fifty day moving average price of $61.01 and a two-hundred day moving average price of $57.21. The stock has a market capitalization of $8.27 billion, a PE ratio of 28.41, a PEG ratio of 5.49 and a beta of 0.44. Lamb Weston has a fifty-two week low of $47.87 and a fifty-two week high of $81.75. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.49 and a quick ratio of 0.77.

Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $0.64 EPS for the quarter. Lamb Weston had a return on equity of 28.08% and a net margin of 4.56%.The company had revenue of $1.15 billion during the quarter. Equities analysts expect that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, October 31st were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, October 31st. This represents a $1.48 annualized dividend and a yield of 2.5%. Lamb Weston’s payout ratio is presently 70.81%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on LW shares. BNP Paribas Exane lifted their price target on shares of Lamb Weston from $64.00 to $66.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Zacks Research lowered Lamb Weston from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Stifel Nicolaus set a $66.00 price objective on Lamb Weston in a report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft increased their target price on Lamb Weston from $59.00 to $61.00 and gave the stock a “hold” rating in a report on Wednesday, October 1st. Finally, Cowen reaffirmed a “hold” rating on shares of Lamb Weston in a research note on Wednesday, October 1st. Four investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Lamb Weston has a consensus rating of “Hold” and an average target price of $65.20.

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.