Lamb Weston Holdings, Inc. (NYSE:LW) Position Trimmed by Entropy Technologies LP

Entropy Technologies LP decreased its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 28.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,278 shares of the specialty retailer’s stock after selling 3,720 shares during the period. Entropy Technologies LP’s holdings in Lamb Weston were worth $601,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. City State Bank increased its stake in Lamb Weston by 56.2% during the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of Lamb Weston during the first quarter worth about $28,000. Crewe Advisors LLC grew its position in shares of Lamb Weston by 357.5% during the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 261 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Lamb Weston during the third quarter worth about $29,000. Finally, GAMMA Investing LLC grew its position in shares of Lamb Weston by 135.8% during the second quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 220 shares during the last quarter. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Price Performance

Shares of NYSE LW opened at $80.41 on Friday. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $111.88. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. The company has a market capitalization of $11.47 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 1.44 and a beta of 0.72. The firm has a 50-day moving average of $71.19 and a two-hundred day moving average of $74.30.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the company earned $1.63 EPS. Lamb Weston’s revenue was down .7% on a year-over-year basis. As a group, analysts expect that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston’s dividend payout ratio is presently 33.80%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on LW shares. Bank of America upped their price target on shares of Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. The Goldman Sachs Group lowered their price target on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Consumer Edge lowered shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 26th. Stifel Nicolaus upped their price target on shares of Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, Barclays increased their target price on shares of Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $82.22.

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.