Gallacher Capital Management LLC Invests $529,000 in Lamb Weston $LW

Key Points

• Gallacher Capital Management LLC invested approximately $529,000 in Lamb Weston, acquiring 10,211 shares in the second quarter.
• Lamb Weston recently reported an EPS of $0.87 for the quarter, surpassing consensus estimates by $0.23, and a revenue of $1.68 billion, up 4% year-over-year.
• The company declared a quarterly dividend of $0.37 per share, which translates to an annual yield of 2.6%.

Gallacher Capital Management LLC purchased a new position in Lamb Weston (NYSE:LW - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,211 shares of the specialty retailer's stock, valued at approximately $529,000.

Other hedge funds have also made changes to their positions in the company. Putney Financial Group LLC purchased a new stake in shares of Lamb Weston in the fourth quarter worth approximately $34,000. Wayfinding Financial LLC purchased a new stake in shares of Lamb Weston in the first quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Lamb Weston in the first quarter worth approximately $28,000. Whipplewood Advisors LLC lifted its position 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 worth $29,000 after purchasing an additional 520 shares in the last quarter. Finally, CX Institutional purchased a new stake in shares of Lamb Weston in the first quarter worth approximately $48,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Trading Down 1.1%

Shares of LW stock opened at $56.51 on Monday. Lamb Weston has a 12 month low of $47.87 and a 12 month high of $83.98. The company has a quick ratio of 0.68, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The business's 50 day moving average is $54.61 and its two-hundred day moving average is $53.68. The company has a market cap of $7.87 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 2.33 and a beta of 0.49.

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

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 1st were issued a dividend of $0.37 per share. 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%.

Wall Street Analyst Weigh In

LW has been the subject of a number of research analyst reports. Barclays increased their price target on shares of Lamb Weston from $61.00 to $68.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Wells Fargo & Company raised their price objective on shares of Lamb Weston from $65.00 to $66.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Bank of America cut their price objective 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. Finally, JPMorgan Chase & Co. began coverage on shares of Lamb Weston in a research report on Wednesday, August 20th. They set a "neutral" rating and a $57.00 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $65.30.

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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