Trexquant Investment LP purchased a new position in Lamb Weston Holdings Inc. (NYSE:LW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 18,400 shares of the specialty retailer’s stock, valued at approximately $810,000.

Other institutional investors have also recently made changes to their positions in the company. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of Lamb Weston Holdings by 165.9% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,366 shares of the specialty retailer’s stock worth $142,000 after buying an additional 2,100 shares during the last quarter. Transamerica Financial Advisors Inc. raised its stake in shares of Lamb Weston Holdings by 0.7% in the first quarter. Transamerica Financial Advisors Inc. now owns 3,845 shares of the specialty retailer’s stock worth $162,000 after buying an additional 26 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Lamb Weston Holdings during the first quarter worth approximately $170,000. State of Alaska Department of Revenue bought a new stake in shares of Lamb Weston Holdings during the second quarter worth approximately $175,000. Finally, Bessemer Group Inc. raised its stake in shares of Lamb Weston Holdings by 3.4% in the second quarter. Bessemer Group Inc. now owns 4,462 shares of the specialty retailer’s stock worth $197,000 after buying an additional 145 shares during the last quarter. 77.26% of the stock is currently owned by institutional investors.

Lamb Weston Holdings Inc. (NYSE LW) opened at 44.34 on Friday. The firm has a market capitalization of $6.48 billion and a price-to-earnings ratio of 19.97. The stock’s 50 day moving average is $44.11 and its 200 day moving average is $42.59. Lamb Weston Holdings Inc. has a 1-year low of $29.62 and a 1-year high of $49.94.

Lamb Weston Holdings (NYSE:LW) last announced its earnings results on Tuesday, July 25th. The specialty retailer reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The firm had revenue of $833 million during the quarter, compared to analysts’ expectations of $810.85 million. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. Analysts predict that Lamb Weston Holdings Inc. will post $2.30 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 4th will be issued a $0.1875 dividend. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $0.75 annualized dividend and a dividend yield of 1.69%.

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A number of equities research analysts recently commented on the stock. Berenberg Bank assumed coverage on shares of Lamb Weston Holdings in a report on Tuesday, May 16th. They set a “buy” rating and a $49.00 price objective on the stock. Stifel Nicolaus lowered shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and lifted their price target for the company from $42.00 to $44.00 in a research note on Tuesday, July 4th. Jefferies Group LLC reiterated a “buy” rating and issued a $53.00 price target (up from $50.00) on shares of Lamb Weston Holdings in a research note on Friday, May 19th. Zacks Investment Research lowered shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $46.00 price target (up from $45.00) on shares of Lamb Weston Holdings in a research note on Wednesday, July 26th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $46.22.

Lamb Weston Holdings 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.

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

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