Wealth Enhancement Advisory Services LLC Grows Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

Wealth Enhancement Advisory Services LLC grew its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 15.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,082 shares of the specialty retailer’s stock after acquiring an additional 1,072 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Lamb Weston were worth $523,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. EntryPoint Capital LLC purchased a new position in Lamb Weston in the first quarter worth about $28,000. Crewe Advisors LLC raised its holdings in 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 acquiring an additional 261 shares during the last quarter. GAMMA Investing LLC lifted its position in Lamb Weston by 135.8% in the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 220 shares in the last quarter. City State Bank lifted its position in 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. Finally, Family Firm Inc. bought a new stake in shares of Lamb Weston in the 2nd quarter worth $36,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. 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. TD Cowen raised their price target on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, September 24th. The Goldman Sachs Group reduced their price target on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Stifel Nicolaus increased their price objective on shares of Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company boosted their target price on shares of Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $82.22.

Lamb Weston Trading Up 1.1 %

Shares of LW stock opened at $81.20 on Friday. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $111.88. The firm has a fifty day moving average price of $70.06 and a 200-day moving average price of $74.44. The company has a market cap of $11.58 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 1.43 and a beta of 0.72. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the prior year, the business posted $1.63 earnings per share. The business’s quarterly revenue was down .7% on a year-over-year basis. As a group, equities analysts predict that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current year.

Lamb Weston Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston’s dividend payout ratio is currently 33.80%.

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.