Lamb Weston Holdings, Inc. (NYSE:LW) Shares Purchased by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC lifted its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 99.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,390 shares of the specialty retailer’s stock after buying an additional 3,190 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Lamb Weston were worth $537,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LW. Vanguard Group Inc. raised its position in shares of Lamb Weston by 0.4% in the first quarter. Vanguard Group Inc. now owns 16,695,138 shares of the specialty retailer’s stock worth $1,778,533,000 after acquiring an additional 60,601 shares during the period. Franklin Resources Inc. boosted its position in Lamb Weston by 15.1% during the fourth quarter. Franklin Resources Inc. now owns 1,842,751 shares of the specialty retailer’s stock worth $199,183,000 after purchasing an additional 241,848 shares in the last quarter. Champlain Investment Partners LLC grew its holdings in Lamb Weston by 11.7% in the first quarter. Champlain Investment Partners LLC now owns 1,233,420 shares of the specialty retailer’s stock valued at $131,396,000 after purchasing an additional 129,120 shares during the period. Artemis Investment Management LLP increased its position in shares of Lamb Weston by 117.2% in the first quarter. Artemis Investment Management LLP now owns 1,230,538 shares of the specialty retailer’s stock valued at $131,035,000 after buying an additional 663,985 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Lamb Weston by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,167,446 shares of the specialty retailer’s stock worth $126,189,000 after buying an additional 21,981 shares during the period. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director William G. Jurgensen purchased 10,000 shares of Lamb Weston stock in a transaction dated Friday, July 26th. The shares were purchased at an average price 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 $9,610,287.11. The purchase was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.66% of the company’s stock.

Lamb Weston Price Performance

NYSE:LW opened at $62.69 on Monday. The stock has a 50 day moving average price of $71.21 and a 200 day moving average price of $84.93. The stock has a market cap of $9.05 billion, a PE ratio of 8.37, a P/E/G ratio of 5.65 and a beta of 0.74. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.59 and a current ratio of 1.29. Lamb Weston Holdings, Inc. has a one year low of $52.99 and a one year high of $111.88.

Lamb Weston (NYSE:LW) last issued its earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.46). The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.71 billion. Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. Equities research analysts expect that Lamb Weston Holdings, Inc. will post 4.55 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 2nd will be issued a $0.36 dividend. The ex-dividend date is Friday, August 2nd. This represents a $1.44 annualized dividend and a yield of 2.30%. Lamb Weston’s payout ratio is 19.23%.

Analyst Upgrades and Downgrades

LW has been the subject of several recent analyst reports. Stifel Nicolaus lowered shares of Lamb Weston from a “buy” rating to a “hold” rating and cut their price target for the stock from $115.00 to $60.00 in a report on Thursday, July 25th. Wells Fargo & Company cut their target price on shares of Lamb Weston from $98.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday, July 26th. The Goldman Sachs Group decreased their price target on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Consumer Edge lowered Lamb Weston from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th. Finally, TD Cowen downgraded Lamb Weston from a “buy” rating to a “hold” rating and decreased their target price for the company from $105.00 to $61.00 in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $87.70.

Lamb Weston 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.