First Financial Bankshares Inc Buys Shares of 100,502 Lamb Weston Holdings, Inc. (NYSE:LW)

First Financial Bankshares Inc purchased a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 100,502 shares of the specialty retailer’s stock, valued at approximately $6,506,000. First Financial Bankshares Inc owned about 0.07% of Lamb Weston as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. WFA Asset Management Corp raised its holdings in Lamb Weston by 248.6% during the first quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 174 shares in the last quarter. City State Bank raised its stake in shares of Lamb Weston by 56.2% in the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 150 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in Lamb Weston in the 1st quarter worth approximately $28,000. Crewe Advisors LLC boosted its position in 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 purchasing an additional 261 shares during the period. Finally, Northwest Investment Counselors LLC acquired a new position in Lamb Weston during the third quarter valued at approximately $29,000. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Price Performance

NYSE:LW opened at $76.92 on Monday. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. The firm has a market cap of $10.97 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 1.38 and a beta of 0.75. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $111.88. The company’s 50-day moving average price is $66.77 and its two-hundred day moving average price is $74.51.

Lamb Weston (NYSE:LW) last announced its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the business earned $1.63 EPS. Lamb Weston’s revenue was down .7% compared to the same quarter last year. On average, equities analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.87%. Lamb Weston’s dividend payout ratio is 33.80%.

Analyst Upgrades and Downgrades

LW has been the subject of several recent analyst reports. Stifel Nicolaus increased their target price on Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a research note on Friday. Consumer Edge lowered shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 26th. Bank of America upped their target price on shares of Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Wells Fargo & Company raised their price target on shares of Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. Finally, Barclays upped their price objective 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 equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Lamb Weston presently has a consensus rating of “Hold” and a consensus target price of $82.22.

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.