Lamb Weston $LW Shares Sold by Empowered Funds LLC

Empowered Funds LLC trimmed its holdings in shares of Lamb Weston (NYSE:LW) by 72.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,254 shares of the specialty retailer’s stock after selling 202,268 shares during the period. Empowered Funds LLC’s holdings in Lamb Weston were worth $3,379,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada lifted its stake in Lamb Weston by 29.4% in the 1st quarter. Royal Bank of Canada now owns 185,038 shares of the specialty retailer’s stock valued at $9,862,000 after buying an additional 42,039 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Lamb Weston by 3.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,355 shares of the specialty retailer’s stock worth $872,000 after buying an additional 549 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Lamb Weston by 19.4% in the second quarter. EverSource Wealth Advisors LLC now owns 3,490 shares of the specialty retailer’s stock worth $181,000 after acquiring an additional 567 shares during the last quarter. Amundi raised its holdings in shares of Lamb Weston by 405.9% in the second quarter. Amundi now owns 256,794 shares of the specialty retailer’s stock worth $13,548,000 after acquiring an additional 206,034 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in shares of Lamb Weston by 70.7% in the second quarter. Gamco Investors INC. ET AL now owns 18,116 shares of the specialty retailer’s stock valued at $939,000 after acquiring an additional 7,503 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on LW shares. Stifel Nicolaus increased their price objective on Lamb Weston from $45.00 to $52.00 and gave the company a “hold” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. boosted their target price on shares of Lamb Weston from $43.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. TD Cowen upped their target price on shares of Lamb Weston from $40.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $52.00 price target on shares of Lamb Weston in a research note on Monday, July 27th. Finally, Stephens lifted their price target on shares of Lamb Weston from $46.00 to $55.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 28th. Three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $53.36.

Lamb Weston Stock Down 3.4%

Shares of NYSE:LW opened at $52.66 on Wednesday. The stock’s 50-day moving average price is $50.13 and its two-hundred day moving average price is $45.91. The company has a current ratio of 1.42, a quick ratio of 0.74 and a debt-to-equity ratio of 1.97. Lamb Weston has a 12-month low of $37.62 and a 12-month high of $67.07. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 2.43 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 EPS for the quarter, beating analysts’ consensus estimates 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 in the prior year, the company posted $0.87 EPS. The company’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, research analysts forecast that Lamb Weston will post 3.06 EPS for the current year.

Lamb Weston Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 7th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, August 7th. Lamb Weston’s payout ratio is presently 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.