Highbridge Capital Management LLC cut its holdings in Lamb Weston Holdings Inc. (NYSE:LW) by 13.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,438 shares of the specialty retailer’s stock after selling 7,067 shares during the period. Highbridge Capital Management LLC’s holdings in Lamb Weston were worth $2,084,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Schroder Investment Management Group bought a new position in shares of Lamb Weston during the 2nd quarter valued at approximately $106,000. Advisory Services Network LLC grew its position in Lamb Weston by 81.5% in the 2nd quarter. Advisory Services Network LLC now owns 3,094 shares of the specialty retailer’s stock valued at $136,000 after acquiring an additional 1,389 shares during the last quarter. First Mercantile Trust Co. bought a new position in Lamb Weston in the 2nd quarter valued at $137,000. Massey Quick Simon & CO. LLC bought a new position in Lamb Weston in the 3rd quarter valued at $146,000. Finally, IndexIQ Advisors LLC bought a new position in Lamb Weston in the 2nd quarter valued at $149,000. 79.41% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Holdings Inc. (NYSE LW) traded down $0.35 during trading on Friday, reaching $55.45. The company’s stock had a trading volume of 493,700 shares, compared to its average volume of 984,302. The company has a debt-to-equity ratio of -4.10, a quick ratio of 0.67 and a current ratio of 1.62. Lamb Weston Holdings Inc. has a 52 week low of $34.15 and a 52 week high of $57.20. The stock has a market capitalization of $8,110.00 and a PE ratio of 24.26.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Wednesday, October 4th. The specialty retailer reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. Lamb Weston had a negative return on equity of 50.81% and a net margin of 10.31%. The company had revenue of $817.50 million during the quarter, compared to analysts’ expectations of $795.61 million. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. equities research analysts predict that Lamb Weston Holdings Inc. will post 2.36 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 3rd were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Thursday, November 2nd. Lamb Weston’s dividend payout ratio (DPR) is presently 33.48%.

Several brokerages have weighed in on LW. Jefferies Group reiterated a “buy” rating and issued a $53.00 target price on shares of Lamb Weston in a report on Monday, September 25th. Morgan Stanley restated an “equal weight” rating and set a $50.00 price objective (up from $46.00) on shares of Lamb Weston in a research note on Thursday, October 5th. Zacks Investment Research upgraded Lamb Weston from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Friday, October 6th. Finally, Bank of America upped their price objective on Lamb Weston from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $50.63.

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Lamb Weston Company Profile

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 (NYSE:LW)

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