SRN Advisors LLC Has $735,000 Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

SRN Advisors LLC lowered its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 2.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 8,738 shares of the specialty retailer’s stock after selling 200 shares during the period. SRN Advisors LLC’s holdings in Lamb Weston were worth $735,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Maven Securities LTD bought a new stake in shares of Lamb Weston in the 2nd quarter valued at about $504,000. Cetera Investment Advisers raised its position in shares of Lamb Weston by 57.5% during the second quarter. Cetera Investment Advisers now owns 30,499 shares of the specialty retailer’s stock worth $2,564,000 after acquiring an additional 11,138 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in shares of Lamb Weston by 6.3% in the second quarter. EP Wealth Advisors LLC now owns 4,037 shares of the specialty retailer’s stock worth $339,000 after acquiring an additional 239 shares during the period. Kimelman & Baird LLC bought a new stake in Lamb Weston in the second quarter valued at approximately $206,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in Lamb Weston by 42.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,554 shares of the specialty retailer’s stock valued at $383,000 after purchasing an additional 1,349 shares during the period. 89.56% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director William G. Jurgensen purchased 10,000 shares of Lamb Weston stock in a transaction dated Friday, July 26th. The stock was purchased at an average cost of $55.43 per share, for a total transaction of $554,300.00. Following the transaction, the director now directly owns 173,377 shares of the company’s stock, valued at $9,610,287.11. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on LW shares. Consumer Edge downgraded shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 26th. Stifel Nicolaus lowered shares of Lamb Weston from a “buy” rating to a “hold” rating and cut their target price for the stock from $115.00 to $60.00 in a research note on Thursday, July 25th. Wells Fargo & Company reduced their target price on shares of Lamb Weston from $98.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday, July 26th. The Goldman Sachs Group cut their price target on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Lamb Weston from $108.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.70.

Lamb Weston Price Performance

Lamb Weston stock opened at $64.91 on Wednesday. The firm has a market capitalization of $9.37 billion, a P/E ratio of 8.67, a PEG ratio of 6.18 and a beta of 0.75. Lamb Weston Holdings, Inc. has a one year low of $52.99 and a one year high of $111.88. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.29 and a quick ratio of 0.59. The business has a fifty day moving average price of $61.89 and a 200-day moving average price of $77.92.

Lamb Weston (NYSE:LW) last issued its earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.46). The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.71 billion. Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. As a group, equities research analysts forecast that Lamb Weston Holdings, Inc. will post 4.54 EPS for the current year.

Lamb Weston Announces Dividend

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 paid a dividend of $0.36 per share. The ex-dividend date is Friday, November 1st. This represents a $1.44 annualized dividend and a yield of 2.22%. Lamb Weston’s dividend payout ratio is currently 19.23%.

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.