Lamb Weston Holdings, Inc. (NYSE:LW) Shares Purchased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. boosted its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 179.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,611 shares of the specialty retailer’s stock after purchasing an additional 7,458 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Lamb Weston were worth $1,255,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC boosted its holdings in Lamb Weston by 113.4% in the third quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 161 shares in the last quarter. FinTrust Capital Advisors LLC boosted its holdings in Lamb Weston by 24.4% in the third quarter. FinTrust Capital Advisors LLC now owns 582 shares of the specialty retailer’s stock valued at $54,000 after purchasing an additional 114 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Lamb Weston by 300.6% in the third quarter. Covestor Ltd now owns 1,294 shares of the specialty retailer’s stock valued at $120,000 after acquiring an additional 971 shares during the period. Desjardins Global Asset Management Inc. boosted its holdings in shares of Lamb Weston by 537.1% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,134 shares of the specialty retailer’s stock valued at $123,000 after acquiring an additional 956 shares during the period. Finally, ZRC Wealth Management LLC acquired a new stake in shares of Lamb Weston in the fourth quarter valued at approximately $129,000. 89.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on LW shares. Barclays decreased their price objective on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a report on Monday, April 8th. StockNews.com downgraded Lamb Weston from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Bank of America decreased their price objective on Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a report on Friday, April 5th. Wells Fargo & Company decreased their price objective on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a report on Friday, April 5th. Finally, Stifel Nicolaus decreased their price objective on Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, April 5th. One investment analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $117.40.

Lamb Weston Price Performance

Shares of NYSE LW opened at $82.22 on Thursday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.19 and a quick ratio of 0.52. The stock has a fifty day moving average price of $94.41 and a 200 day moving average price of $98.40. Lamb Weston Holdings, Inc. has a 1-year low of $77.41 and a 1-year high of $117.38. The company has a market cap of $11.87 billion, a PE ratio of 10.98, a P/E/G ratio of 1.38 and a beta of 0.72.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.20). The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The company’s revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 EPS. Sell-side analysts forecast that Lamb Weston Holdings, Inc. will post 5.54 EPS for the current year.

Lamb Weston Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.75%. The ex-dividend date is Thursday, May 2nd. Lamb Weston’s payout ratio is 19.23%.

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.