89,759 Shares in Lamb Weston $LW Acquired by Anson Funds Management LP

Key Points

• Anson Funds Management LP acquired 89,759 shares of Lamb Weston, valued at approximately $4.78 million, representing 0.7% of their investment portfolio.
• Lamb Weston announced a quarterly dividend of $0.37, yielding 2.6%, with a payout ratio of 58.96%.
• Various analysts have given mixed ratings on Lamb Weston, with an average rating of "Hold" and a price target of $65.30, while Barclays raised its target to $68.00, citing an "overweight" rating.

Anson Funds Management LP purchased a new stake in shares of Lamb Weston (NYSE:LW - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 89,759 shares of the specialty retailer's stock, valued at approximately $4,784,000. Lamb Weston accounts for approximately 0.7% of Anson Funds Management LP's investment portfolio, making the stock its 27th largest holding. Anson Funds Management LP owned approximately 0.06% of Lamb Weston at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Putney Financial Group LLC bought a new stake in Lamb Weston during the fourth quarter worth approximately $34,000. Wayfinding Financial LLC bought a new stake in Lamb Weston during the first quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Lamb Weston in the first quarter valued at $28,000. Whipplewood Advisors LLC lifted its holdings in shares of Lamb Weston by 3,466.7% in the first quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer's stock valued at $29,000 after buying an additional 520 shares during the period. Finally, CX Institutional acquired a new position in Lamb Weston during the first quarter worth about $48,000. 89.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Lamb Weston in a report on Wednesday, August 20th. They set a "neutral" rating and a $57.00 target price on the stock. Barclays lifted their price target on Lamb Weston from $61.00 to $68.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Wells Fargo & Company lifted their price target on Lamb Weston from $65.00 to $66.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Finally, Bank of America dropped their price target on Lamb Weston from $60.00 to $56.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 18th. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, Lamb Weston presently has an average rating of "Hold" and an average price target of $65.30.

Lamb Weston Trading Down 2.2%

Shares of NYSE:LW opened at $55.89 on Thursday. The stock has a market capitalization of $7.79 billion, a PE ratio of 22.27, a P/E/G ratio of 2.35 and a beta of 0.49. Lamb Weston has a 1 year low of $47.87 and a 1 year high of $83.98. The firm has a fifty day moving average price of $54.46 and a 200 day moving average price of $53.59. The company has a current ratio of 1.38, a quick ratio of 0.68 and a debt-to-equity ratio of 2.12.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.23. The firm had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.59 billion. Lamb Weston had a net margin of 5.54% and a return on equity of 27.99%. Lamb Weston's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.78 earnings per share. Lamb Weston has set its FY 2026 guidance at EPS. Analysts expect that Lamb Weston will post 3.1 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 1st were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, August 1st. Lamb Weston's dividend payout ratio (DPR) is 58.96%.

Lamb Weston Company Profile

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.

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