Captrust Financial Advisors Raises Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Captrust Financial Advisors increased its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 10.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,064 shares of the specialty retailer’s stock after acquiring an additional 835 shares during the period. Captrust Financial Advisors’ holdings in Lamb Weston were worth $587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of LW. Crewe Advisors LLC raised its position in shares of Lamb Weston by 357.5% in the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 261 shares during the period. City State Bank raised its position in shares of Lamb Weston by 56.2% in the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 150 shares during the period. Family Firm Inc. acquired a new position in shares of Lamb Weston in the second quarter worth about $36,000. Blue Trust Inc. raised its position in shares of Lamb Weston by 251.6% in the second quarter. Blue Trust Inc. now owns 436 shares of the specialty retailer’s stock worth $37,000 after acquiring an additional 312 shares during the period. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Lamb Weston in the third quarter worth about $29,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Stock Down 1.1 %

Shares of NYSE LW opened at $74.93 on Thursday. Lamb Weston Holdings, Inc. has a 12-month low of $52.99 and a 12-month high of $111.88. The stock has a market cap of $10.69 billion, a PE ratio of 17.59, a P/E/G ratio of 1.39 and a beta of 0.70. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. The company has a 50-day moving average of $76.15 and a 200 day moving average of $73.11.

Lamb Weston (NYSE:LW) last posted 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. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. Lamb Weston’s revenue was down .7% on a year-over-year basis. During the same period in the previous year, the business posted $1.63 EPS. As a group, sell-side analysts predict that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 1st were issued a $0.36 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.44 annualized dividend and a yield of 1.92%. Lamb Weston’s payout ratio is 33.80%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Wells Fargo & Company boosted their target price on shares of Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, October 3rd. Bank of America boosted their target price 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. Sanford C. Bernstein began coverage on shares of Lamb Weston in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 target price for the company. Finally, Barclays boosted their target price on shares of Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $82.50.

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.