Adage Capital Partners GP L.L.C. Has $13.90 Million Stock Holdings in Lamb Weston $LW

Key Points

• Adage Capital Partners GP L.L.C. increased its holdings in Lamb Weston by 95.8% during the 1st quarter, owning nearly 261,000 shares valued at approximately $13.9 million.
• Other large investors, including Vanguard Group and Price T Rowe Associates, also raised their stakes in Lamb Weston, indicating strong institutional interest in the stock.
• Analysts have mixed views on Lamb Weston, with Barclays raising their price target to $68.00 and Bank of America lowering it to $56.00, resulting in a consensus rating of "Hold" with a target price of $65.30.

Adage Capital Partners GP L.L.C. increased its position in Lamb Weston (NYSE:LW - Free Report) by 95.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 260,740 shares of the specialty retailer's stock after buying an additional 127,540 shares during the period. Adage Capital Partners GP L.L.C. owned 0.18% of Lamb Weston worth $13,897,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Lamb Weston by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 17,072,932 shares of the specialty retailer's stock valued at $909,987,000 after buying an additional 426,045 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Lamb Weston by 49.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,500,503 shares of the specialty retailer's stock valued at $239,877,000 after buying an additional 1,483,559 shares during the period. Invesco Ltd. grew its stake in shares of Lamb Weston by 25.7% in the 1st quarter. Invesco Ltd. now owns 4,055,902 shares of the specialty retailer's stock valued at $216,180,000 after buying an additional 829,207 shares during the period. Clarkston Capital Partners LLC grew its stake in shares of Lamb Weston by 21.1% in the 1st quarter. Clarkston Capital Partners LLC now owns 3,721,559 shares of the specialty retailer's stock valued at $198,359,000 after buying an additional 648,855 shares during the period. Finally, Gates Capital Management Inc. boosted its stake in Lamb Weston by 49.8% during the 1st quarter. Gates Capital Management Inc. now owns 2,016,142 shares of the specialty retailer's stock valued at $107,460,000 after purchasing an additional 670,611 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LW shares. Barclays lifted their price target on Lamb Weston from $61.00 to $68.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Bank of America cut their price target on Lamb Weston from $60.00 to $56.00 and set a "neutral" rating for the company in a research note on Wednesday, June 18th. JPMorgan Chase & Co. started coverage on Lamb Weston in a research note on Wednesday, August 20th. They set a "neutral" rating and a $57.00 price target for the company. Finally, Wells Fargo & Company lifted their price target on Lamb Weston from $65.00 to $66.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $65.30.

Lamb Weston Price Performance

Shares of NYSE LW opened at $58.02 on Friday. Lamb Weston has a twelve month low of $47.87 and a twelve month high of $83.98. The stock's 50 day moving average price is $54.19 and its 200-day moving average price is $53.58. The company has a market capitalization of $8.08 billion, a PE ratio of 23.11, a PEG ratio of 2.30 and a beta of 0.49. The company has a quick ratio of 0.68, a current ratio of 1.38 and a debt-to-equity ratio of 2.12.

Lamb Weston (NYSE:LW - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.23. Lamb Weston had a return on equity of 27.99% and a net margin of 5.54%.The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the business earned $0.78 EPS. The company's revenue was up 4.0% compared to the same quarter last year. Lamb Weston has set its FY 2026 guidance at EPS. On average, equities analysts anticipate that Lamb Weston will post 3.1 EPS for the current year.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 1st were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, August 1st. Lamb Weston's payout ratio is presently 58.96%.

About Lamb Weston

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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