Alberta Investment Management Corp Acquires Shares of 393,200 Lamb Weston $LW

Key Points

• Alberta Investment Management Corp acquired 393,200 Lamb Weston shares worth approximately $17.0 million, giving it a 0.29% stake. Institutional investors collectively own 89.56% of the company.
• Analysts raised their price targets following Lamb Weston’s quarterly results, but the consensus rating remains “Hold” with an average target of $53.36. The company reported EPS of $0.87 and revenue of $1.77 billion, both above expectations.
• Lamb Weston declared a quarterly dividend of $0.38 per share, equivalent to $1.52 annually and a 2.9% yield. Shares opened at $53.16, while the stock’s 52-week range is $37.62 to $67.07.

Alberta Investment Management Corp acquired a new stake in shares of Lamb Weston (NYSE:LW - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 393,200 shares of the specialty retailer's stock, valued at approximately $16,978,000. Alberta Investment Management Corp owned 0.29% of Lamb Weston as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. MCF Advisors LLC boosted its position in Lamb Weston by 44.2% during the 4th 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 period. Hantz Financial Services Inc. raised its position in Lamb Weston by 380.7% during the 4th quarter. Hantz Financial Services Inc. now owns 721 shares of the specialty retailer's stock valued at $30,000 after purchasing an additional 571 shares during the last quarter. Danske Bank A S bought a new position in Lamb Weston during the 3rd quarter valued at approximately $52,000. Larson Financial Group LLC lifted its holdings in Lamb Weston by 47.1% in the 3rd quarter. Larson Financial Group LLC now owns 953 shares of the specialty retailer's stock worth $55,000 after buying an additional 305 shares during the period. Finally, Transamerica Financial Advisors LLC lifted its holdings in Lamb Weston by 121.1% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,130 shares of the specialty retailer's stock worth $47,000 after buying an additional 619 shares during the period. Institutional investors own 89.56% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wall Street Zen upgraded Lamb Weston from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. JPMorgan Chase & Co. upped their target price on Lamb Weston from $43.00 to $48.00 and gave the company a "neutral" rating in a report on Thursday, July 9th. Stephens raised their price target on Lamb Weston from $46.00 to $55.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 28th. TD Cowen lifted their price target 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, Sanford C. Bernstein boosted their price objective on shares of Lamb Weston from $42.00 to $57.00 and gave the company a "market perform" rating in a research report on Tuesday, July 28th. Three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, Lamb Weston currently has an average rating of "Hold" and a consensus price target of $53.36.

Lamb Weston Stock Up 0.2%

LW stock opened at $53.16 on Monday. Lamb Weston has a fifty-two week low of $37.62 and a fifty-two week high of $67.07. The business's 50 day moving average price is $47.86 and its two-hundred day moving average price is $45.37. 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 capitalization of $7.31 billion, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 2.37 and a beta of 0.46.

Lamb Weston (NYSE:LW - Get Free Report) last released its earnings results 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 return on equity of 23.33% and a net margin of 4.39%.The company had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.70 billion. During the same quarter last year, the business posted $0.87 EPS. The firm's revenue for the quarter 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. As a group, analysts forecast that Lamb Weston will post 3.06 earnings per share for the current fiscal 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 given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.52 annualized dividend and a yield of 2.9%. Lamb Weston's dividend payout ratio (DPR) is currently 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.

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