Fox Run Management L.L.C. Makes New $445,000 Investment in Lamb Weston $LW

Key Points

• Fox Run Management L.L.C. acquired a new stake in Lamb Weston, purchasing 8,352 shares valued at approximately $445,000 during the first quarter.
• Lamb Weston reported earnings of $0.87 per share, exceeding expectations, and declared a quarterly dividend of $0.37, yielding 2.7%.
• Institutional investors hold a significant 89.56% of Lamb Weston's stock, highlighting strong backing from major financial entities.

Fox Run Management L.L.C. bought a new stake in shares of Lamb Weston (NYSE:LW - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 8,352 shares of the specialty retailer's stock, valued at approximately $445,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in Lamb Weston by 23.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 723,215 shares of the specialty retailer's stock worth $38,547,000 after buying an additional 135,188 shares during the period. Atlas FRM LLC bought a new position in Lamb Weston in the 4th quarter worth $20,383,000. Soviero Asset Management LP bought a new position in Lamb Weston in the 4th quarter worth $3,342,000. Siemens Fonds Invest GmbH bought a new position in shares of Lamb Weston during the 4th quarter valued at about $823,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Lamb Weston during the 1st quarter valued at about $1,059,000. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Lamb Weston Price Performance

Shares of LW stock traded down $0.5240 on Thursday, reaching $54.6660. 1,361,259 shares of the company were exchanged, compared to its average volume of 1,823,171. The company has a market cap of $7.62 billion, a price-to-earnings ratio of 21.78, a P/E/G ratio of 2.19 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 business has a 50-day moving average price of $53.53 and a 200 day moving average price of $53.71. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.68 and a current ratio of 1.38.

Lamb Weston (NYSE:LW - Get Free Report) last posted its quarterly 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. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.59 billion. Lamb Weston had a net margin of 5.54% and a return on equity of 27.99%. Lamb Weston's quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 earnings per share. Lamb Weston has set its FY 2026 guidance at EPS. Equities research analysts forecast that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 1st will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, August 1st. Lamb Weston's dividend payout ratio is presently 58.96%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on LW shares. Barclays increased their price objective on shares of Lamb Weston from $61.00 to $68.00 and gave the company an "overweight" rating in a report on Friday, July 25th. JPMorgan Chase & Co. started coverage on shares of Lamb Weston in a report on Wednesday. They set a "neutral" rating and a $57.00 price objective for the company. Stifel Nicolaus set a $56.00 price objective on shares of Lamb Weston and gave the company a "hold" rating in a report on Thursday, April 24th. Wall Street Zen upgraded shares of Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Bank of America decreased their target price on shares of Lamb Weston from $60.00 to $56.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 18th. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $65.30.

Lamb Weston 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.