Grandfield & Dodd LLC Acquires New Position in Lamb Weston $LW

Grandfield & Dodd LLC acquired a new position in shares of Lamb Weston (NYSE:LW) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 294,958 shares of the specialty retailer’s stock, valued at approximately $12,736,000. Grandfield & Dodd LLC owned 0.21% of Lamb Weston as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Lamb Weston during the second quarter valued at about $730,276,000. Pallas Capital Advisors LLC acquired a new position in shares of Lamb Weston in the second quarter worth about $482,000. Deutsche Bank AG acquired a new position in Lamb Weston in the 2nd quarter worth approximately $1,544,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Lamb Weston in the second quarter worth $44,000. Finally, Bell Investment Advisors Inc acquired a new stake in Lamb Weston during the 2nd quarter worth about $36,000. Institutional investors own 89.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LW. TD Cowen lifted their target price on shares of Lamb Weston from $40.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday, July 28th. Sanford C. Bernstein raised their target price on shares of Lamb Weston from $42.00 to $57.00 and gave the company a “market perform” rating in a research note on Tuesday, July 28th. Stifel Nicolaus lifted their price target on Lamb Weston from $45.00 to $52.00 and gave the stock a “hold” rating in a research report on Monday, July 27th. Barclays upped their price objective on shares of Lamb Weston from $50.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $52.00 target price on shares of Lamb Weston in a research report on Monday, July 27th. Three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $53.36.

Lamb Weston Stock Down 1.2%

Shares of NYSE:LW opened at $52.42 on Tuesday. Lamb Weston has a 12 month low of $37.62 and a 12 month high of $67.07. The company has a quick ratio of 0.74, a current ratio of 1.42 and a debt-to-equity ratio of 1.97. The company’s 50-day moving average price is $48.06 and its two-hundred day moving average price is $45.42. The firm has a market cap of $7.21 billion, a P/E ratio of 25.20, a P/E/G ratio of 2.37 and a beta of 0.46.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Friday, July 24th. The specialty retailer reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.24. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Lamb Weston had a net margin of 4.39% and a return on equity of 23.33%. Lamb Weston’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.87 EPS. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. As a group, research analysts forecast that Lamb Weston will post 3.06 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 7th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, August 7th. This represents a $1.52 annualized dividend and a dividend yield of 2.9%. Lamb Weston’s payout ratio is currently 73.08%.

Lamb Weston Company Profile

Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company’s portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.

Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world’s largest producers of frozen potato products.