Atria Wealth Solutions Inc. Reduces Position in Lamb Weston $LW

Atria Wealth Solutions Inc. lessened its holdings in shares of Lamb Weston (NYSE:LW) by 75.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 12,955 shares of the specialty retailer’s stock after selling 39,392 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Lamb Weston were worth $672,000 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 the business. MGO One Seven LLC purchased a new position in shares of Lamb Weston during the 2nd quarter worth $209,000. CWM LLC boosted its stake in shares of Lamb Weston by 3.1% during the 2nd quarter. CWM LLC now owns 33,895 shares of the specialty retailer’s stock worth $1,757,000 after acquiring an additional 1,034 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Lamb Weston by 63.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,539 shares of the specialty retailer’s stock worth $757,000 after acquiring an additional 5,650 shares during the last quarter. Inspire Investing LLC boosted its stake in shares of Lamb Weston by 6.2% during the 2nd quarter. Inspire Investing LLC now owns 21,017 shares of the specialty retailer’s stock worth $1,090,000 after acquiring an additional 1,221 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Lamb Weston by 14.5% during the 2nd quarter. IFP Advisors Inc now owns 2,138 shares of the specialty retailer’s stock worth $111,000 after acquiring an additional 271 shares during the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Sanford C. Bernstein set a $65.00 price objective on shares of Lamb Weston and gave the company a “market perform” rating in a research report on Wednesday, October 1st. BNP Paribas Exane lifted their target price on shares of Lamb Weston from $64.00 to $66.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Stifel Nicolaus set a $66.00 target price on shares of Lamb Weston in a research note on Wednesday, October 1st. Barclays lifted their target price on shares of Lamb Weston from $61.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Finally, Cowen restated a “hold” rating on shares of Lamb Weston in a research note on Wednesday, October 1st. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Lamb Weston has a consensus rating of “Hold” and a consensus price target of $65.70.

Lamb Weston Stock Up 0.1%

Shares of LW stock opened at $65.02 on Friday. The stock has a market cap of $9.06 billion, a P/E ratio of 31.11, a PEG ratio of 4.31 and a beta of 0.52. 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. The company’s fifty day simple moving average is $57.82 and its two-hundred day simple moving average is $54.96.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $0.64 EPS for the quarter. The business had revenue of $1.15 billion for the quarter. Lamb Weston had a net margin of 4.56% and a return on equity of 28.08%. Analysts predict that Lamb Weston will post 3.1 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, October 31st will be paid a $0.37 dividend. The ex-dividend date is Friday, October 31st. This represents a $1.48 annualized dividend and a yield of 2.3%. 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.