Three Peaks Capital Management LLC Lowers Stake in Lamb Weston Holdings Inc (NYSE:LW)

Three Peaks Capital Management LLC reduced its stake in Lamb Weston Holdings Inc (NYSE:LW) by 16.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,069 shares of the specialty retailer’s stock after selling 5,540 shares during the period. Three Peaks Capital Management LLC’s holdings in Lamb Weston were worth $2,065,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LW. World Asset Management Inc boosted its position in Lamb Weston by 8.6% during the fourth quarter. World Asset Management Inc now owns 7,978 shares of the specialty retailer’s stock worth $587,000 after acquiring an additional 630 shares during the last quarter. Cerebellum GP LLC grew its stake in shares of Lamb Weston by 24.1% in the 4th quarter. Cerebellum GP LLC now owns 3,369 shares of the specialty retailer’s stock valued at $248,000 after buying an additional 654 shares in the last quarter. LPL Financial LLC raised its stake in shares of Lamb Weston by 3.0% in the third quarter. LPL Financial LLC now owns 24,987 shares of the specialty retailer’s stock valued at $1,664,000 after purchasing an additional 732 shares in the last quarter. US Bancorp DE grew its holdings in shares of Lamb Weston by 0.6% during the third quarter. US Bancorp DE now owns 141,094 shares of the specialty retailer’s stock worth $9,396,000 after purchasing an additional 801 shares during the last quarter. Finally, Bollard Group LLC raised its position in Lamb Weston by 3.4% in the 3rd quarter. Bollard Group LLC now owns 27,083 shares of the specialty retailer’s stock valued at $1,804,000 after buying an additional 890 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Shares of LW stock opened at $68.56 on Thursday. The company has a market cap of $10.11 billion, a price-to-earnings ratio of 25.77, a price-to-earnings-growth ratio of 1.93 and a beta of -0.14. Lamb Weston Holdings Inc has a fifty-two week low of $53.29 and a fifty-two week high of $83.86.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Friday, January 4th. The specialty retailer reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.10. The business had revenue of $911.40 million during the quarter, compared to analyst estimates of $897.08 million. Lamb Weston had a net margin of 13.13% and a negative return on equity of 160.25%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Equities research analysts predict that Lamb Weston Holdings Inc will post 3.05 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, January 31st. This represents a $0.80 dividend on an annualized basis and a yield of 1.17%. This is a boost from Lamb Weston’s previous quarterly dividend of $0.19. Lamb Weston’s dividend payout ratio is presently 30.08%.

LW has been the topic of a number of analyst reports. CL King lowered Lamb Weston from a “buy” rating to a “neutral” rating in a research report on Thursday, October 25th. Zacks Investment Research upgraded Lamb Weston from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Wednesday, October 24th. ValuEngine raised Lamb Weston from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Jefferies Financial Group set a $85.00 price objective on shares of Lamb Weston and gave the company a “buy” rating in a report on Friday, January 4th. Finally, Stifel Nicolaus raised shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Tuesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $77.14.

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About Lamb Weston

Lamb Weston Holdings, Inc produces, distributes, 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.

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

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