JPMorgan Chase & Co. increased its position in Lamb Weston Holdings Inc. (NYSE:LW) by 18.3% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 454,403 shares of the specialty retailer’s stock after buying an additional 70,242 shares during the period. JPMorgan Chase & Co. owned 0.31% of Lamb Weston Holdings worth $19,112,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of LW. Allianz Asset Management AG acquired a new stake in Lamb Weston Holdings during the fourth quarter valued at approximately $329,000. Telemus Capital LLC acquired a new stake in Lamb Weston Holdings during the first quarter valued at approximately $2,976,000. Janus Capital Management LLC acquired a new stake in Lamb Weston Holdings during the fourth quarter valued at approximately $5,743,000. Auxier Asset Management acquired a new stake in Lamb Weston Holdings during the fourth quarter valued at approximately $1,312,000. Finally, FMR LLC acquired a new stake in Lamb Weston Holdings during the fourth quarter valued at approximately $55,714,000. 78.91% of the stock is owned by institutional investors.

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

Lamb Weston Holdings Inc. (LW) opened at 45.07 on Friday. The company has a 50-day moving average price of $44.34 and a 200 day moving average price of $40.39. The stock has a market capitalization of $6.58 billion and a P/E ratio of 22.21. Lamb Weston Holdings Inc. has a 1-year low of $28.75 and a 1-year high of $47.99.

Lamb Weston Holdings (NYSE:LW) last released its earnings results on Thursday, April 6th. The specialty retailer reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. The firm had revenue of $768.50 million during the quarter, compared to analyst estimates of $759.74 million. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts predict that Lamb Weston Holdings Inc. will post $2.30 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 2nd. Shareholders of record on Sunday, April 30th were given a $0.1875 dividend. The ex-dividend date of this dividend was Wednesday, April 26th. This represents a $0.75 dividend on an annualized basis and a yield of 1.66%.

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Several equities analysts recently weighed in on LW shares. Zacks Investment Research downgraded Lamb Weston Holdings from a “buy” rating to a “hold” rating and set a $52.00 price objective for the company. in a research note on Tuesday, June 6th. CL King started coverage on Lamb Weston Holdings in a research note on Tuesday, May 23rd. They issued a “strong-buy” rating and a $55.00 price objective for the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $53.00 price objective (up from $50.00) on shares of Lamb Weston Holdings in a research note on Friday, May 19th. Stifel Nicolaus downgraded Lamb Weston Holdings from a “buy” rating to a “hold” rating and raised their price objective for the company from $42.00 to $44.00 in a research note on Friday, April 7th. Finally, Berenberg Bank started coverage on Lamb Weston Holdings in a research note on Tuesday, May 16th. They issued a “buy” rating and a $49.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $43.56.

Lamb Weston Holdings Company Profile

Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.

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