Sanctuary Advisors LLC Takes Position in Lamb Weston $LW

Sanctuary Advisors LLC bought a new stake in Lamb Weston (NYSE:LW) in the 2nd quarter, Holdings Channel.com reports. The firm bought 16,129 shares of the specialty retailer’s stock, valued at approximately $696,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bank of Nova Scotia increased its position in Lamb Weston by 2.0% during the third quarter. Bank of Nova Scotia now owns 9,685 shares of the specialty retailer’s stock worth $563,000 after buying an additional 189 shares during the last quarter. MCF Advisors LLC lifted its position in shares of Lamb Weston by 44.2% in the fourth quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 199 shares during the last quarter. Clearstead Advisors LLC lifted its position in shares of Lamb Weston by 8.0% in the fourth quarter. Clearstead Advisors LLC now owns 3,101 shares of the specialty retailer’s stock valued at $130,000 after buying an additional 229 shares during the last quarter. Fiduciary Trust Co lifted its position in shares of Lamb Weston by 7.5% in the third quarter. Fiduciary Trust Co now owns 4,324 shares of the specialty retailer’s stock valued at $251,000 after buying an additional 300 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Lamb Weston by 47.1% during the 3rd quarter. Larson Financial Group LLC now owns 953 shares of the specialty retailer’s stock worth $55,000 after acquiring an additional 305 shares during the period. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Trading Up 0.3%

Shares of LW stock opened at $54.94 on Friday. Lamb Weston has a 12-month low of $37.62 and a 12-month high of $67.07. The company has a market capitalization of $7.55 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 2.44 and a beta of 0.46. The firm has a 50 day moving average price of $49.76 and a two-hundred day moving average price of $45.90. The company has a quick ratio of 0.74, a current ratio of 1.42 and a debt-to-equity ratio of 1.97.

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

Lamb Weston Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders 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 2.8%. The ex-dividend date of this dividend is Friday, August 7th. Lamb Weston’s dividend payout ratio is currently 73.08%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. 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. JPMorgan Chase & Co. raised their price target on Lamb Weston from $43.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Stifel Nicolaus lifted their price objective on shares of Lamb Weston from $45.00 to $52.00 and gave the stock a “hold” rating in a research report on Monday, July 27th. TD Cowen upped their price objective 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. Finally, Wall Street Zen upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, Lamb Weston has an average rating of “Hold” and an average target price of $53.36.

About Lamb Weston

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.