Lamb Weston Holdings, Inc. (NYSE:LW) Holdings Raised by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc increased its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 36.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 475,694 shares of the specialty retailer’s stock after purchasing an additional 127,281 shares during the period. Ensign Peak Advisors Inc’s holdings in Lamb Weston were worth $39,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in LW. WFA Asset Management Corp grew its holdings in shares of 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 purchasing an additional 174 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in Lamb Weston in the first quarter worth $28,000. Crewe Advisors LLC lifted its stake in Lamb Weston by 357.5% in the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 261 shares during the last quarter. Redmont Wealth Advisors LLC bought a new stake in Lamb Weston in the first quarter valued at $32,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Lamb Weston by 135.8% during the second quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 220 shares during the period. 89.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Stifel Nicolaus downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating and cut their price objective for the company from $115.00 to $60.00 in a research report on Thursday, July 25th. Bank of America raised their price target on shares of Lamb Weston from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Consumer Edge lowered Lamb Weston from an “overweight” rating to an “equal weight” rating in a report on Friday, July 26th. JPMorgan Chase & Co. lowered their target price on Lamb Weston from $108.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Finally, Citigroup reduced their price target on Lamb Weston from $106.00 to $104.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $83.20.

Lamb Weston Trading Down 0.3 %

Shares of Lamb Weston stock opened at $65.44 on Friday. The business has a fifty day simple moving average of $63.43 and a 200-day simple moving average of $79.61. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88. The firm has a market cap of $9.45 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 5.96 and a beta of 0.75. The company has a quick ratio of 0.59, a current ratio of 1.29 and a debt-to-equity ratio of 1.92.

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

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 2nd were given a $0.36 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.44 annualized dividend and a yield of 2.20%. Lamb Weston’s dividend payout ratio (DPR) is 19.23%.

Insider Buying and Selling at Lamb Weston

In related news, Director William G. Jurgensen acquired 10,000 shares of Lamb Weston stock in a transaction dated Friday, July 26th. The stock was acquired at an average cost of $55.43 per share, with a total value of $554,300.00. Following the purchase, the director now directly owns 173,377 shares in the company, valued at approximately $9,610,287.11. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.66% of the stock is owned by corporate insiders.

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.