Janney Montgomery Scott LLC reduced its stake in Lamb Weston Holdings Inc. (NYSE:LW) by 2.2% during the second quarter, Holdings Channel reports. The firm owned 22,161 shares of the specialty retailer’s stock after selling 502 shares during the period. Janney Montgomery Scott LLC’s holdings in Lamb Weston Holdings were worth $976,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of LW. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in 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 valued at $142,000 after buying an additional 2,100 shares during the period. Transamerica Financial Advisors Inc. increased its position in 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 valued at $162,000 after buying an additional 26 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Lamb Weston Holdings during the first quarter valued at approximately $170,000. State of Alaska Department of Revenue bought a new position in Lamb Weston Holdings during the second quarter valued at approximately $175,000. Finally, Glen Harbor Capital Management LLC increased its position 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 valued at $209,000 after buying an additional 4,896 shares during the period. 77.26% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Lamb Weston Holdings Inc. (NYSE LW) opened at 44.81 on Friday. The stock has a market cap of $6.55 billion and a PE ratio of 20.18. The company’s 50 day moving average price is $44.09 and its 200 day moving average price is $42.64. Lamb Weston Holdings Inc. has a 52-week low of $29.62 and a 52-week high of $49.94.

Lamb Weston Holdings (NYSE:LW) last released its quarterly earnings results on Tuesday, July 25th. The specialty retailer reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $833 million during the quarter, compared to analyst estimates of $810.85 million. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 EPS. On average, analysts anticipate that Lamb Weston Holdings Inc. will post $2.30 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors 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 dividend on an annualized basis and a yield of 1.67%.

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