Inspire Investing LLC Purchases 1,221 Shares of Lamb Weston $LW

Inspire Investing LLC boosted its position in shares of Lamb Weston (NYSE:LW) by 6.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,017 shares of the specialty retailer’s stock after buying an additional 1,221 shares during the quarter. Inspire Investing LLC’s holdings in Lamb Weston were worth $1,090,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LW. Price T Rowe Associates Inc. MD raised its holdings in Lamb Weston by 49.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,500,503 shares of the specialty retailer’s stock valued at $239,877,000 after buying an additional 1,483,559 shares during the last quarter. Citigroup Inc. raised its holdings in Lamb Weston by 324.4% during the 1st quarter. Citigroup Inc. now owns 1,126,982 shares of the specialty retailer’s stock valued at $60,068,000 after buying an additional 861,417 shares during the last quarter. Invesco Ltd. raised its holdings in Lamb Weston by 25.7% during the 1st quarter. Invesco Ltd. now owns 4,055,902 shares of the specialty retailer’s stock valued at $216,180,000 after buying an additional 829,207 shares during the last quarter. Gates Capital Management Inc. increased its position in Lamb Weston by 49.8% during the 1st quarter. Gates Capital Management Inc. now owns 2,016,142 shares of the specialty retailer’s stock valued at $107,460,000 after purchasing an additional 670,611 shares during the period. Finally, Clarkston Capital Partners LLC increased its position in Lamb Weston by 21.1% during the 1st quarter. Clarkston Capital Partners LLC now owns 3,721,559 shares of the specialty retailer’s stock valued at $198,359,000 after purchasing an additional 648,855 shares during the period. 89.56% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LW. Cfra Research raised shares of Lamb Weston to a “hold” rating in a research report on Thursday, October 2nd. JPMorgan Chase & Co. began coverage on shares of Lamb Weston in a research report on Wednesday, August 20th. They set a “neutral” rating and a $57.00 price objective on the stock. Wells Fargo & Company boosted their price objective on shares of Lamb Weston from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, October 1st. BNP Paribas Exane boosted their price objective on shares of Lamb Weston from $64.00 to $66.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Finally, Barclays boosted their price objective on shares of Lamb Weston from $61.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $65.70.

Lamb Weston Stock Down 1.3%

NYSE:LW opened at $63.72 on Friday. The firm’s 50-day moving average price is $56.64 and its 200-day moving average price is $54.59. The company has a market capitalization of $8.88 billion, a PE ratio of 30.49, a P/E/G ratio of 4.32 and a beta of 0.52. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.49 and a quick ratio of 0.77. Lamb Weston has a 1-year low of $47.87 and a 1-year high of $83.98.

Lamb Weston (NYSE:LW) last released its earnings results on Thursday, August 24th. The specialty retailer reported $0.64 earnings per share for the quarter. The firm had revenue of $1.15 billion for the quarter. Lamb Weston had a net margin of 4.56% and a return on equity of 28.08%. On average, equities analysts predict that Lamb Weston will post 3.1 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, October 31st will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.3%. Lamb Weston’s dividend payout ratio is currently 70.81%.

Lamb Weston Company Profile

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.