Atria Investments Inc Lowers Stock Holdings in Lamb Weston $LW

Atria Investments Inc lowered its position in shares of Lamb Weston (NYSE:LW) by 46.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,941 shares of the specialty retailer’s stock after selling 4,283 shares during the period. Atria Investments Inc’s holdings in Lamb Weston were worth $256,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of LW. Assetmark Inc. boosted its stake in Lamb Weston by 50.7% in the second quarter. Assetmark Inc. now owns 44,724 shares of the specialty retailer’s stock worth $2,319,000 after buying an additional 15,053 shares in the last quarter. GWN Securities Inc. lifted its holdings in shares of Lamb Weston by 32.5% in the 2nd quarter. GWN Securities Inc. now owns 85,626 shares of the specialty retailer’s stock worth $4,459,000 after acquiring an additional 20,988 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Lamb Weston by 2.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 20,416 shares of the specialty retailer’s stock valued at $1,059,000 after purchasing an additional 540 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Lamb Weston by 9.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 791,947 shares of the specialty retailer’s stock valued at $41,062,000 after purchasing an additional 68,732 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its holdings in shares of Lamb Weston by 10.8% during the 2nd quarter. Wealthfront Advisers LLC now owns 5,228 shares of the specialty retailer’s stock valued at $271,000 after purchasing an additional 508 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LW. Cowen restated a “hold” rating on shares of Lamb Weston in a research report on Wednesday, October 1st. Zacks Research upgraded Lamb Weston from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. Barclays raised their price target on Lamb Weston from $61.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft boosted their price objective on Lamb Weston from $59.00 to $61.00 and gave the company a “hold” rating in a research report on Wednesday, October 1st. Finally, Stifel Nicolaus set a $66.00 price objective on Lamb Weston in a research note on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $65.70.

Lamb Weston Stock Performance

Shares of LW stock opened at $58.52 on Thursday. The firm has a market capitalization of $8.16 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 3.99 and a beta of 0.51. The stock has a fifty day moving average of $60.59 and a 200 day moving average of $56.08. Lamb Weston has a 52 week low of $47.87 and a 52 week high of $83.98. The company has a quick ratio of 0.77, a current ratio of 1.49 and a debt-to-equity ratio of 2.05.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.64 EPS for the quarter. Lamb Weston had a net margin of 4.56% and a return on equity of 28.08%. The business had revenue of $1.15 billion during the quarter. As a group, research analysts expect that Lamb Weston will post 3.1 earnings per share for the current year.

Lamb Weston Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, October 31st will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, October 31st. Lamb Weston’s payout ratio is presently 70.81%.

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.