Creative Planning Buys 3,570 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Creative Planning lifted its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 2.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 162,168 shares of the specialty retailer’s stock after acquiring an additional 3,570 shares during the period. Creative Planning owned approximately 0.11% of Lamb Weston worth $13,635,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in LW. WFA Asset Management Corp boosted its stake in 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 buying an additional 174 shares during the period. EntryPoint Capital LLC bought a new stake in Lamb Weston during the first quarter valued at $28,000. Crewe Advisors LLC boosted its stake in Lamb Weston by 357.5% during 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 period. Redmont Wealth Advisors LLC bought a new stake in Lamb Weston during the first quarter valued at $32,000. Finally, GAMMA Investing LLC boosted its stake in 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 buying an additional 220 shares during the period. 89.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wells Fargo & Company dropped their price objective on Lamb Weston from $98.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday, July 26th. Consumer Edge lowered Lamb Weston from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th. The Goldman Sachs Group dropped their price target on Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. JPMorgan Chase & Co. dropped their price target on Lamb Weston from $108.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Finally, TD Cowen lifted their price target on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.70.

Lamb Weston Stock Down 3.1 %

LW opened at $64.74 on Tuesday. The firm has a 50-day simple moving average of $62.18 and a two-hundred day simple moving average of $78.18. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $111.88. The company has a market capitalization of $9.35 billion, a PE ratio of 8.64, a price-to-earnings-growth ratio of 6.18 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 announced its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.46). Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.71 billion. Analysts forecast that Lamb Weston Holdings, Inc. will post 4.54 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Friday, November 1st. Lamb Weston’s dividend payout ratio (DPR) is currently 19.23%.

Insider Buying and Selling

In other news, Director William G. Jurgensen acquired 10,000 shares of Lamb Weston stock in a transaction that occurred on Friday, July 26th. The shares were bought at an average cost of $55.43 per share, with a total value of $554,300.00. Following the transaction, the director now directly owns 173,377 shares of the company’s stock, valued at approximately $9,610,287.11. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.66% of the stock is currently 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.