Sanctuary Advisors LLC Buys New Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Sanctuary Advisors LLC bought a new stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 13,186 shares of the specialty retailer’s stock, valued at approximately $1,106,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Avantax Advisory Services Inc. raised its holdings in Lamb Weston by 3.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 3,806 shares of the specialty retailer’s stock valued at $405,000 after acquiring an additional 135 shares in the last quarter. Somerset Trust Co raised its holdings in Lamb Weston by 4.5% in the 1st quarter. Somerset Trust Co now owns 3,401 shares of the specialty retailer’s stock valued at $362,000 after acquiring an additional 145 shares in the last quarter. Camarda Financial Advisors LLC raised its holdings in Lamb Weston by 0.9% in the 1st quarter. Camarda Financial Advisors LLC now owns 16,389 shares of the specialty retailer’s stock valued at $1,746,000 after acquiring an additional 151 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Lamb Weston by 31.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 655 shares of the specialty retailer’s stock valued at $70,000 after acquiring an additional 158 shares in the last quarter. Finally, Summit Financial Wealth Advisors LLC raised its holdings in Lamb Weston by 1.2% in the 1st quarter. Summit Financial Wealth Advisors LLC now owns 13,556 shares of the specialty retailer’s stock valued at $1,444,000 after acquiring an additional 161 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Insider Buying and Selling at Lamb Weston

In other Lamb Weston news, Director William G. Jurgensen bought 10,000 shares of the firm’s stock in a transaction on 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 completion of the purchase, the director now owns 173,377 shares in the company, valued at approximately $9,610,287.11. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.72% of the company’s stock.

Lamb Weston Stock Up 0.5 %

Shares of LW opened at $71.35 on Friday. The firm has a market capitalization of $10.17 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 1.27 and a beta of 0.75. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. The business’s fifty day moving average price is $63.60 and its two-hundred day moving average price is $76.15. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $111.88.

Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (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 analyst estimates of $1.55 billion. During the same period last year, the company earned $1.63 EPS. The firm’s revenue was down .7% on a year-over-year basis. On average, analysts predict that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current year.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be given a $0.36 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.44 annualized dividend and a dividend yield of 2.02%. Lamb Weston’s dividend payout ratio is currently 33.80%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Barclays increased their target price on Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Stifel Nicolaus increased their target price on Lamb Weston from $60.00 to $65.00 and gave the stock a “hold” rating in a report on Thursday, October 3rd. Citigroup increased their target price on Lamb Weston from $75.00 to $76.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. The Goldman Sachs Group dropped their target price on Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $68.00 price target (up from $63.00) on shares of Lamb Weston in a report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $77.67.

About Lamb Weston

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.