Teacher Retirement System of Texas increased its position in shares of Lamb Weston Holdings Inc. (NYSE:LW) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,069 shares of the specialty retailer’s stock after buying an additional 193 shares during the period. Teacher Retirement System of Texas’ holdings in Lamb Weston Holdings were worth $487,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. bought a new stake in Lamb Weston Holdings during the fourth quarter worth $3,628,000. Louisiana State Employees Retirement System raised its stake in Lamb Weston Holdings by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 35,000 shares of the specialty retailer’s stock worth $1,472,000 after buying an additional 700 shares during the period. Hartford Investment Management Co. bought a new stake in Lamb Weston Holdings during the first quarter worth $249,000. Global Thematic Partners LLC bought a new stake in Lamb Weston Holdings during the first quarter worth $242,000. Finally, Glen Harbor Capital Management LLC raised its stake in Lamb Weston Holdings by 6,120.0% in the first quarter. Glen Harbor Capital Management LLC now owns 4,976 shares of the specialty retailer’s stock worth $209,000 after buying an additional 4,896 shares during the period. 77.05% of the stock is owned by hedge funds and other institutional investors.

Shares of Lamb Weston Holdings Inc. (NYSE:LW) opened at 45.27 on Monday. Lamb Weston Holdings Inc. has a 52 week low of $28.75 and a 52 week high of $49.94. The company has a 50-day moving average price of $44.11 and a 200-day moving average price of $42.94. The stock has a market cap of $6.62 billion and a price-to-earnings ratio of 20.39.

Lamb Weston Holdings (NYSE:LW) last posted its quarterly earnings data on Tuesday, July 25th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. The business had revenue of $833 million for the quarter, compared to analysts’ expectations of $810.85 million. During the same quarter in the previous year, the firm earned $0.29 EPS. Lamb Weston Holdings’s revenue was up 7.2% compared to the same quarter last year. Equities analysts anticipate that Lamb Weston Holdings Inc. will post $2.30 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 4th will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Wednesday, August 2nd.

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A number of analysts have recently weighed in on LW shares. Jefferies Group LLC reissued a “buy” rating and set a $50.00 price objective on shares of Lamb Weston Holdings in a research note on Tuesday, May 9th. Berenberg Bank started coverage on Lamb Weston Holdings in a research note on Tuesday, May 16th. They set a “buy” rating and a $49.00 price objective for the company. CL King started coverage on Lamb Weston Holdings in a research note on Tuesday, May 23rd. They set a “strong-buy” rating and a $55.00 price objective for the company. Zacks Investment Research lowered Lamb Weston Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. Finally, Stifel Nicolaus lowered Lamb Weston Holdings from a “buy” rating to a “hold” rating and increased their price objective for the company from $42.00 to $44.00 in a research note on Tuesday, July 4th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Lamb Weston Holdings currently has a consensus rating of “Buy” and an average target price of $46.22.

About Lamb Weston Holdings

Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.

Institutional Ownership by Quarter for Lamb Weston Holdings (NYSE:LW)

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