Ieq Capital LLC Purchases New Holdings in Lamb Weston $LW

Ieq Capital LLC acquired a new position in shares of Lamb Weston (NYSE:LW) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 276,325 shares of the specialty retailer’s stock, valued at approximately $11,932,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Lamb Weston during the second quarter valued at approximately $730,276,000. Vanguard Group Inc. lifted its holdings in shares of Lamb Weston by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 16,679,203 shares of the specialty retailer’s stock valued at $698,692,000 after purchasing an additional 43,766 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Lamb Weston by 27.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,824,690 shares of the specialty retailer’s stock worth $411,558,000 after purchasing an additional 2,111,874 shares in the last quarter. State Street Corp boosted its position in shares of Lamb Weston by 1.1% in the 2nd quarter. State Street Corp now owns 5,801,585 shares of the specialty retailer’s stock worth $300,812,000 after purchasing an additional 63,865 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Lamb Weston by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 3,528,402 shares of the specialty retailer’s stock worth $147,536,000 after buying an additional 21,256 shares during the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Trading Up 0.2%

Shares of NYSE LW opened at $53.58 on Friday. The firm’s 50 day moving average price is $48.75 and its 200-day moving average price is $45.63. Lamb Weston has a 52-week low of $37.62 and a 52-week high of $67.07. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.74 and a current ratio of 1.42. The company has a market cap of $7.37 billion, a PE ratio of 25.76, a P/E/G ratio of 2.39 and a beta of 0.46.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Friday, July 24th. The specialty retailer reported $0.87 earnings per share for the quarter, beating 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 company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter last year, the firm earned $0.87 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. On average, equities research analysts expect that Lamb Weston will post 3.06 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 7th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, August 7th. Lamb Weston’s dividend payout ratio (DPR) is currently 73.08%.

Analysts Set New Price Targets

A number of research firms recently weighed in on LW. Wall Street Zen raised Lamb Weston from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Wells Fargo & Company boosted their target price on Lamb Weston from $54.00 to $57.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Sanford C. Bernstein increased their target price on Lamb Weston from $42.00 to $57.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 28th. TD Cowen increased their target price on Lamb Weston from $40.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings upgraded Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, Lamb Weston presently has an average rating of “Hold” and a consensus target price 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.