Transcend Capital Advisors LLC Invests $485,000 in Lamb Weston Holdings, Inc. (NYSE:LW)

Transcend Capital Advisors LLC purchased a new stake in Lamb Weston Holdings, Inc. (NYSE:LW) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,491 shares of the specialty retailer’s stock, valued at approximately $485,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. VisionPoint Advisory Group LLC lifted its holdings in shares of Lamb Weston by 113.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock worth $28,000 after buying an additional 161 shares during the period. Headlands Technologies LLC purchased a new stake in Lamb Weston during the fourth quarter worth $51,000. FinTrust Capital Advisors LLC boosted its position in Lamb Weston by 24.4% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 582 shares of the specialty retailer’s stock valued at $54,000 after acquiring an additional 114 shares in the last quarter. Private Trust Co. NA increased its holdings in shares of Lamb Weston by 17.6% in the 3rd quarter. Private Trust Co. NA now owns 1,084 shares of the specialty retailer’s stock valued at $100,000 after acquiring an additional 162 shares during the period. Finally, Covestor Ltd raised its position in shares of Lamb Weston by 300.6% in the 3rd quarter. Covestor Ltd now owns 1,294 shares of the specialty retailer’s stock worth $120,000 after acquiring an additional 971 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on LW shares. StockNews.com lowered Lamb Weston from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Citigroup reduced their price objective on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a research note on Monday, April 8th. BNP Paribas initiated coverage on shares of Lamb Weston in a research note on Monday, March 11th. They issued an “outperform” rating and a $128.00 target price for the company. Stifel Nicolaus reduced their price target on Lamb Weston from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Finally, Wells Fargo & Company lowered their price objective on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $117.40.

Lamb Weston Stock Performance

Shares of LW stock opened at $84.67 on Tuesday. Lamb Weston Holdings, Inc. has a 52-week low of $77.41 and a 52-week high of $117.38. The company has a quick ratio of 0.52, a current ratio of 1.19 and a debt-to-equity ratio of 1.81. The stock has a market cap of $12.23 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 1.37 and a beta of 0.72. The business has a 50-day simple moving average of $95.18 and a 200-day simple moving average of $98.52.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Thursday, April 4th. The specialty retailer reported $1.20 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.20). The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.65 billion. Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.43 EPS. On average, equities analysts expect that Lamb Weston Holdings, Inc. will post 5.52 EPS for the current year.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be issued a $0.36 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 1.70%. Lamb Weston’s payout ratio is 19.23%.

About Lamb Weston

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.