First Manhattan Co. cut its position in shares of Lamb Weston Holdings Inc. (NYSE:LW) by 8.3% during the second quarter, Holdings Channel reports. The institutional investor owned 3,669 shares of the specialty retailer’s stock after selling 333 shares during the period. First Manhattan Co.’s holdings in Lamb Weston Holdings were worth $161,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP bought a new position in shares of Lamb Weston Holdings during the fourth quarter worth $10,547,000. UBS Asset Management Americas Inc. bought a new position in shares of Lamb Weston Holdings during the fourth quarter worth $3,628,000. Louisiana State Employees Retirement System raised its position in shares of 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 in the last quarter. Telemus Capital LLC bought a new position in shares of Lamb Weston Holdings during the first quarter worth $2,976,000. Finally, NewSquare Capital LLC bought a new position in shares of Lamb Weston Holdings during the first quarter worth $285,000. 77.26% of the stock is currently owned by hedge funds and other institutional investors.

Lamb Weston Holdings Inc. (LW) opened at 44.81 on Friday. Lamb Weston Holdings Inc. has a 1-year low of $29.62 and a 1-year high of $49.94. The firm has a 50-day moving average of $44.09 and a 200-day moving average of $42.64. The stock has a market capitalization of $6.55 billion and a price-to-earnings ratio of 20.18.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 4th will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Wednesday, August 2nd.

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LW has been the topic of a number of research reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $50.00 price target on shares of Lamb Weston Holdings in a research note on Tuesday, April 18th. Berenberg Bank initiated coverage on shares of Lamb Weston Holdings in a research note on Tuesday, May 16th. They issued a “buy” rating and a $49.00 target price on the stock. CL King initiated coverage on shares of Lamb Weston Holdings in a research note on Tuesday, May 23rd. They issued a “strong-buy” rating and a $55.00 target price on the stock. Zacks Investment Research lowered shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. Finally, Stifel Nicolaus lowered shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and raised their target price for the stock from $42.00 to $44.00 in a research note on Tuesday, July 4th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target 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.

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

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