Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC lowered its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 5.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,042 shares of the specialty retailer’s stock after selling 348 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Lamb Weston were worth $391,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cambiar Investors LLC lifted its stake in shares of Lamb Weston by 1.0% during the third quarter. Cambiar Investors LLC now owns 143,049 shares of the specialty retailer’s stock valued at $9,261,000 after buying an additional 1,378 shares during the period. Stephens Inc. AR acquired a new position in Lamb Weston in the 3rd quarter valued at $210,000. First Trust Direct Indexing L.P. lifted its stake in shares of Lamb Weston by 21.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,594 shares of the specialty retailer’s stock worth $297,000 after purchasing an additional 811 shares during the period. Bernzott Capital Advisors boosted its holdings in shares of Lamb Weston by 110.4% during the third quarter. Bernzott Capital Advisors now owns 98,145 shares of the specialty retailer’s stock worth $6,354,000 after purchasing an additional 51,505 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. grew its position in shares of Lamb Weston by 66.8% in the third quarter. Farmers & Merchants Investments Inc. now owns 1,691 shares of the specialty retailer’s stock valued at $109,000 after purchasing an additional 677 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Stock Performance

Shares of Lamb Weston stock opened at $77.46 on Tuesday. The stock has a market cap of $11.05 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 1.39 and a beta of 0.72. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $111.88. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. The business has a fifty day simple moving average of $68.58 and a 200-day simple moving average of $74.37.

Lamb Weston (NYSE:LW) last released its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the firm earned $1.63 EPS. The company’s revenue was down .7% compared to the same quarter last year. On average, sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Friday, November 1st. Lamb Weston’s dividend payout ratio is 33.80%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Bank of America raised their price objective on Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. The Goldman Sachs Group reduced their price target on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Stifel Nicolaus lifted their target price on shares of Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a report on Friday, October 25th. TD Cowen increased their price target on Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, September 24th. Finally, Wells Fargo & Company boosted their price objective on Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $82.22.

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.