Atria Investments Inc Has $455,000 Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Atria Investments Inc reduced its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 30.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,028 shares of the specialty retailer’s stock after selling 3,104 shares during the quarter. Atria Investments Inc’s holdings in Lamb Weston were worth $455,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LW. TPG GP A LLC increased its stake in shares of Lamb Weston by 74.4% in the second quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer’s stock worth $245,869,000 after acquiring an additional 1,247,206 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Lamb Weston by 5.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,045,582 shares of the specialty retailer’s stock worth $171,993,000 after acquiring an additional 114,049 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Lamb Weston by 78.5% in the second quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer’s stock worth $158,790,000 after acquiring an additional 830,511 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Lamb Weston by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,121,626 shares of the specialty retailer’s stock worth $94,300,000 after acquiring an additional 38,970 shares during the last quarter. Finally, Douglas Lane & Associates LLC increased its stake in shares of Lamb Weston by 32.0% in the third quarter. Douglas Lane & Associates LLC now owns 1,109,375 shares of the specialty retailer’s stock worth $71,821,000 after acquiring an additional 269,209 shares during the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Stock Up 1.4 %

NYSE LW opened at $76.11 on Thursday. 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 firm has a 50-day simple moving average of $72.32 and a 200 day simple moving average of $74.03. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $111.88. The stock has a market cap of $10.85 billion, a PE ratio of 17.65, a PEG ratio of 1.35 and a beta of 0.72.

Lamb Weston (NYSE:LW) last released its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the company earned $1.63 earnings per share. The firm’s revenue was down .7% on a year-over-year basis. On average, research analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston’s dividend payout ratio (DPR) is presently 33.80%.

Analysts Set New Price Targets

LW has been the topic of a number of research reports. Bank of America upped their price target on shares of Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Citigroup increased their target price on shares of Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Barclays increased their target price on shares of Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $68.00 target price (up from $63.00) on shares of Lamb Weston in a research report on Monday, October 7th. Finally, Stifel Nicolaus upped their price target on shares of Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $82.22.

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.