B. Riley Wealth Advisors Inc. Reduces Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

B. Riley Wealth Advisors Inc. trimmed its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 51.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 3,869 shares of the specialty retailer’s stock after selling 4,049 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Lamb Weston were worth $325,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. increased its position in shares of Lamb Weston by 3.7% during the first quarter. Avantax Advisory Services Inc. now owns 3,806 shares of the specialty retailer’s stock valued at $405,000 after buying an additional 135 shares during the period. Somerset Trust Co boosted its stake in Lamb Weston by 4.5% during the first quarter. Somerset Trust Co now owns 3,401 shares of the specialty retailer’s stock valued at $362,000 after buying an additional 145 shares during the period. Camarda Financial Advisors LLC grew its position in Lamb Weston by 0.9% during the first quarter. Camarda Financial Advisors LLC now owns 16,389 shares of the specialty retailer’s stock worth $1,746,000 after buying an additional 151 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Lamb Weston by 31.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 655 shares of the specialty retailer’s stock worth $70,000 after acquiring an additional 158 shares during the last quarter. Finally, Summit Financial Wealth Advisors LLC raised its holdings in shares of Lamb Weston by 1.2% in the 1st quarter. Summit Financial Wealth Advisors LLC now owns 13,556 shares of the specialty retailer’s stock valued at $1,444,000 after acquiring an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Insider Activity at Lamb Weston

In related news, Director William G. Jurgensen bought 10,000 shares of the company’s stock in a transaction on Friday, July 26th. The shares were acquired at an average cost of $55.43 per share, with a total value of $554,300.00. Following the completion of the acquisition, the director now owns 173,377 shares of the company’s stock, valued at $9,610,287.11. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.66% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

LW has been the subject of a number of research reports. TD Cowen boosted their price target on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, September 24th. Bank of America increased their target price on Lamb Weston from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $68.00 price target (up previously from $63.00) on shares of Lamb Weston in a research note on Monday. Barclays upped their target price on Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Citigroup upped their price objective on shares of Lamb Weston from $75.00 to $76.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $77.67.

Lamb Weston Stock Up 0.6 %

Shares of Lamb Weston stock opened at $69.23 on Tuesday. The company’s fifty day simple moving average is $62.63 and its two-hundred day simple moving average is $76.67. Lamb Weston Holdings, Inc. has a 12-month low of $52.99 and a 12-month high of $111.88. The company has a current ratio of 1.29, a quick ratio of 0.59 and a debt-to-equity ratio of 1.92. The company has a market cap of $10.00 billion, a P/E ratio of 9.24, a PEG ratio of 6.18 and a beta of 0.75.

Lamb Weston (NYSE:LW) last released its quarterly 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 return on equity of 44.06% and a net margin of 11.22%. The firm’s revenue was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $1.63 earnings per share. Research analysts anticipate that Lamb Weston Holdings, Inc. will post 4.54 EPS for the current year.

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be paid a $0.36 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.44 annualized dividend and a dividend yield of 2.08%. Lamb Weston’s payout ratio is currently 19.23%.

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.