Prospera Private Wealth LLC Makes New $39,000 Investment in Lamb Weston Holdings, Inc. (NYSE:LW)

Prospera Private Wealth LLC acquired a new stake in Lamb Weston Holdings, Inc. (NYSE:LW) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 600 shares of the specialty retailer’s stock, valued at approximately $39,000.

Other institutional investors have also modified their holdings of the company. O Shaughnessy Asset Management LLC increased its holdings in Lamb Weston by 5.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 8,075 shares of the specialty retailer’s stock valued at $860,000 after purchasing an additional 403 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Lamb Weston by 219.0% in the first quarter. Bessemer Group Inc. now owns 15,817 shares of the specialty retailer’s stock worth $1,686,000 after buying an additional 10,859 shares during the period. Natixis acquired a new stake in shares of Lamb Weston in the first quarter valued at about $506,000. EntryPoint Capital LLC purchased a new stake in shares of Lamb Weston during the 1st quarter valued at about $28,000. Finally, EP Wealth Advisors LLC lifted its position in Lamb Weston by 16.0% during the 1st quarter. EP Wealth Advisors LLC now owns 3,798 shares of the specialty retailer’s stock worth $405,000 after acquiring an additional 523 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Wall Street Analyst Weigh In

LW has been the subject of several recent research reports. Citigroup increased their price objective on shares of Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Barclays boosted their price objective on shares of Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Wells Fargo & Company lifted their target price on Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. Bank of America increased their price target on Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Finally, TD Cowen lifted their price objective on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $82.22.

Lamb Weston Price Performance

Shares of LW opened at $76.92 on Friday. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $111.88. 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 firm has a market cap of $10.97 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 1.34 and a beta of 0.72. The stock has a 50 day moving average of $72.85 and a 200-day moving average of $74.07.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the company posted $1.63 earnings per share. The firm’s revenue was down .7% on a year-over-year basis. As a group, analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Dividend Announcement

The business 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 dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston’s dividend payout ratio (DPR) is presently 33.80%.

Lamb Weston 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.