Caprock Group LLC Invests $237,000 in Lamb Weston Holdings, Inc. (NYSE:LW)

Caprock Group LLC bought a new position in Lamb Weston Holdings, Inc. (NYSE:LW) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 2,824 shares of the specialty retailer’s stock, valued at approximately $237,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. WFA Asset Management Corp boosted its holdings in shares of Lamb Weston by 248.6% in the 1st quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 174 shares during the period. EntryPoint Capital LLC purchased a new position in shares of Lamb Weston in the 1st quarter worth approximately $28,000. Redmont Wealth Advisors LLC purchased a new position in shares of Lamb Weston in the 1st quarter worth approximately $32,000. Crewe Advisors LLC boosted its holdings in shares of Lamb Weston by 357.5% in the 2nd 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, GAMMA Investing LLC boosted its holdings in shares of Lamb Weston by 135.8% in the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 220 shares during the period. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Insider Transactions at Lamb Weston

In related news, Director William G. Jurgensen purchased 10,000 shares of Lamb Weston stock in a transaction dated Friday, July 26th. The stock was purchased at an average cost of $55.43 per share, with a total value of $554,300.00. Following the transaction, the director now owns 173,377 shares in the company, valued at approximately $9,610,287.11. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on LW. Wells Fargo & Company dropped their target price on Lamb Weston from $98.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, July 26th. TD Cowen cut Lamb Weston from a “buy” rating to a “hold” rating and dropped their price objective for the company from $105.00 to $61.00 in a report on Thursday, July 25th. Stifel Nicolaus cut Lamb Weston from a “buy” rating to a “hold” rating and dropped their price objective for the company from $115.00 to $60.00 in a report on Thursday, July 25th. Citigroup dropped their price objective on Lamb Weston from $106.00 to $104.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Finally, Consumer Edge cut Lamb Weston from an “overweight” rating to an “equal weight” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $87.70.

Lamb Weston Trading Up 0.5 %

Shares of NYSE LW opened at $64.17 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.29 and a debt-to-equity ratio of 1.92. The business has a fifty day simple moving average of $65.11 and a two-hundred day simple moving average of $81.30. The firm has a market cap of $9.22 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 5.96 and a beta of 0.75. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $111.88.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.46). The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.71 billion. Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. Analysts expect that Lamb Weston Holdings, Inc. will post 4.54 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.24%. The ex-dividend date was Friday, August 2nd. Lamb Weston’s payout ratio is 19.23%.

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.