Soviero Asset Management LP Makes New $3.34 Million Investment in Lamb Weston Holdings, Inc. (NYSE:LW)

Soviero Asset Management LP acquired a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 50,000 shares of the specialty retailer’s stock, valued at approximately $3,342,000. Lamb Weston makes up approximately 2.1% of Soviero Asset Management LP’s holdings, making the stock its 21st largest position.

A number of other large investors have also recently bought and sold shares of LW. Allworth Financial LP lifted its holdings in shares of Lamb Weston by 16.1% in the fourth quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer’s stock worth $74,000 after acquiring an additional 170 shares during the last quarter. Blair William & Co. IL lifted its holdings in shares of Lamb Weston by 3.2% in the fourth quarter. Blair William & Co. IL now owns 7,130 shares of the specialty retailer’s stock worth $476,000 after acquiring an additional 219 shares during the last quarter. Atria Investments Inc lifted its holdings in shares of Lamb Weston by 3.2% in the fourth quarter. Atria Investments Inc now owns 7,255 shares of the specialty retailer’s stock worth $485,000 after acquiring an additional 227 shares during the last quarter. Norinchukin Bank The raised its holdings in Lamb Weston by 4.0% in the 4th quarter. Norinchukin Bank The now owns 5,873 shares of the specialty retailer’s stock valued at $392,000 after buying an additional 227 shares during the last quarter. Finally, Park Avenue Securities LLC raised its holdings in Lamb Weston by 2.8% in the 4th quarter. Park Avenue Securities LLC now owns 8,901 shares of the specialty retailer’s stock valued at $595,000 after buying an additional 239 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LW has been the subject of a number of research reports. Jefferies Financial Group dropped their price objective on shares of Lamb Weston from $80.00 to $75.00 and set a “buy” rating for the company in a report on Friday, April 11th. Stifel Nicolaus set a $56.00 price objective on shares of Lamb Weston and gave the company a “hold” rating in a report on Thursday, April 24th. Wells Fargo & Company dropped their price objective on shares of Lamb Weston from $72.00 to $66.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. Barclays dropped their price objective on shares of Lamb Weston from $69.00 to $61.00 and set an “overweight” rating for the company in a report on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $57.00 price objective on shares of Lamb Weston in a report on Wednesday, March 19th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $69.91.

Lamb Weston Stock Up 3.9%

Lamb Weston stock opened at $53.81 on Monday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. Lamb Weston Holdings, Inc. has a 52-week low of $47.90 and a 52-week high of $89.51. The firm has a 50 day moving average price of $53.03 and a two-hundred day moving average price of $61.49. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 1.40 and a beta of 0.46.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.23. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business earned $1.20 EPS. The company’s revenue was up 4.3% compared to the same quarter last year. Equities analysts predict that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 annualized dividend and a dividend yield of 2.75%. Lamb Weston’s dividend payout ratio is currently 58.04%.

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.