Clear Creek Financial Management LLC Has $391,000 Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

Clear Creek Financial Management LLC cut its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 5.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,042 shares of the specialty retailer’s stock after selling 348 shares during the period. Clear Creek Financial Management LLC’s holdings in Lamb Weston were worth $391,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in LW. Avantax Advisory Services Inc. raised its stake in shares of Lamb Weston by 3.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 3,806 shares of the specialty retailer’s stock worth $405,000 after purchasing an additional 135 shares in the last quarter. City State Bank raised its position in Lamb Weston by 56.2% during 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 in the last quarter. Camarda Financial Advisors LLC lifted its stake in Lamb Weston by 0.9% in the first quarter. Camarda Financial Advisors LLC now owns 16,389 shares of the specialty retailer’s stock valued at $1,746,000 after acquiring an additional 151 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Lamb Weston by 31.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 655 shares of the specialty retailer’s stock worth $70,000 after purchasing an additional 158 shares during the last quarter. Finally, Bahl & Gaynor Inc. raised its holdings in shares of Lamb Weston by 2.4% in the 1st quarter. Bahl & Gaynor Inc. now owns 7,018 shares of the specialty retailer’s stock valued at $748,000 after purchasing an additional 166 shares during the period. Institutional investors own 89.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LW shares. The Goldman Sachs Group cut their price objective on Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Citigroup raised their price target on Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Bank of America increased their price objective on shares of Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Wells Fargo & Company lifted their target price on shares of Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. Finally, Consumer Edge cut shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Lamb Weston currently has an average rating of “Hold” and a consensus target price of $82.22.

Lamb Weston Trading Up 0.5 %

LW opened at $77.46 on Tuesday. The firm has a market capitalization of $11.05 billion, a PE ratio of 18.18, a P/E/G ratio of 1.39 and a beta of 0.72. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88. The company’s 50-day moving average is $68.58 and its 200 day moving average is $74.37.

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

Lamb Weston Dividend Announcement

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

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.