Pallas Capital Advisors LLC Takes $482,000 Position in Lamb Weston $LW

Pallas Capital Advisors LLC acquired a new stake in shares of Lamb Weston (NYSE:LW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,174 shares of the specialty retailer’s stock, valued at approximately $482,000.

A number of other hedge funds also recently bought and sold shares of the company. MCF Advisors LLC grew its position in Lamb Weston by 44.2% during the fourth quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 199 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Lamb Weston by 380.7% in the 4th quarter. Hantz Financial Services Inc. now owns 721 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 571 shares during the last quarter. Bell Investment Advisors Inc bought a new stake in shares of Lamb Weston in the 2nd quarter worth approximately $36,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Lamb Weston in the 2nd quarter valued at $44,000. Finally, Transamerica Financial Advisors LLC boosted its stake in shares of Lamb Weston by 121.1% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,130 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 619 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Performance

NYSE:LW opened at $53.90 on Thursday. 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 firm’s fifty day simple moving average is $48.42 and its 200 day simple moving average is $45.53. The stock has a market cap of $7.41 billion, a P/E ratio of 25.91, a price-to-earnings-growth ratio of 2.32 and a beta of 0.46. Lamb Weston has a twelve month low of $37.62 and a twelve month high of $67.07.

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

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors 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 2.8%. Lamb Weston’s payout ratio is currently 73.08%.

Analysts Set New Price Targets

Several analysts have weighed in on LW shares. Stifel Nicolaus boosted their price target on shares of Lamb Weston from $45.00 to $52.00 and gave the stock a “hold” rating in a research note on Monday, July 27th. Weiss Ratings raised Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Wall Street Zen raised Lamb Weston from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. JPMorgan Chase & Co. lifted their price objective on Lamb Weston from $43.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Finally, Stephens boosted their target price on Lamb Weston from $46.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, Lamb Weston currently has an average rating of “Hold” and an average price target of $53.36.

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.