Chicago Equity Partners LLC Buys 7,960 Shares of Lamb Weston Holdings (LW)

Chicago Equity Partners LLC increased its stake in Lamb Weston Holdings (NYSE:LW) by 61.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,895 shares of the specialty retailer’s stock after buying an additional 7,960 shares during the period. Chicago Equity Partners LLC’s holdings in Lamb Weston were worth $1,217,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Globeflex Capital L P bought a new position in Lamb Weston in the 4th quarter valued at approximately $106,000. Tower Research Capital LLC TRC lifted its position in Lamb Weston by 844.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,888 shares of the specialty retailer’s stock valued at $107,000 after acquiring an additional 1,688 shares in the last quarter. Captrust Financial Advisors bought a new position in Lamb Weston in the 4th quarter valued at approximately $112,000. Robeco Institutional Asset Management B.V. bought a new position in Lamb Weston in the 4th quarter valued at approximately $151,000. Finally, Lourd Capital LLC bought a new position in Lamb Weston in the 4th quarter valued at approximately $205,000. Institutional investors own 82.68% of the company’s stock.

Several equities analysts recently issued reports on LW shares. Zacks Investment Research raised Lamb Weston from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research report on Thursday, January 25th. Morgan Stanley upped their price objective on Lamb Weston from $61.00 to $64.00 and gave the company an “equal weight” rating in a research report on Friday, April 6th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $64.00 price objective (up from $58.00) on shares of Lamb Weston in a research report on Monday, January 22nd. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $66.00 price objective on shares of Lamb Weston in a research report on Thursday, April 5th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Lamb Weston presently has a consensus rating of “Buy” and a consensus price target of $61.50.

NYSE LW opened at $66.79 on Friday. The firm has a market cap of $9.82 billion, a PE ratio of 28.79, a PEG ratio of 2.14 and a beta of 0.67. The company has a current ratio of 1.72, a quick ratio of 0.63 and a debt-to-equity ratio of -5.98. Lamb Weston Holdings has a 1-year low of $42.58 and a 1-year high of $68.70.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Thursday, April 5th. The specialty retailer reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. The firm had revenue of $863.40 million for the quarter, compared to analysts’ expectations of $813.81 million. Lamb Weston had a negative return on equity of 69.53% and a net margin of 11.75%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 EPS. analysts forecast that Lamb Weston Holdings will post 2.6 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 4th will be issued a dividend of $0.1913 per share. The ex-dividend date of this dividend is Thursday, May 3rd. This represents a $0.77 annualized dividend and a dividend yield of 1.15%. Lamb Weston’s payout ratio is 32.76%.

Lamb Weston Company Profile

Lamb Weston Holdings, Inc produces and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

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

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