Hardy Reed LLC Invests $268,000 in Lamb Weston $LW

Key Points

• Hardy Reed LLC has invested approximately $268,000 in Lamb Weston, acquiring over 5,169 shares during the second quarter.
• Lamb Weston reported $0.74 EPS for its last quarter, surpassing analysts' expectations of $0.53, with a revenue of $1.66 billion.
• Institutional investors now hold 89.56% of Lamb Weston's stock, indicating strong institutional interest in the company.

Hardy Reed LLC acquired a new stake in shares of Lamb Weston (NYSE:LW - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,169 shares of the specialty retailer's stock, valued at approximately $268,000.

A number of other hedge funds also recently bought and sold shares of LW. Price T Rowe Associates Inc. MD boosted 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 purchasing an additional 1,483,559 shares in the last quarter. Citigroup Inc. raised its position in Lamb Weston by 324.4% in the 1st quarter. Citigroup Inc. now owns 1,126,982 shares of the specialty retailer's stock worth $60,068,000 after purchasing an additional 861,417 shares during the period. Invesco Ltd. lifted its stake in Lamb Weston by 25.7% in the first quarter. Invesco Ltd. now owns 4,055,902 shares of the specialty retailer's stock worth $216,180,000 after purchasing an additional 829,207 shares during the last quarter. Gates Capital Management Inc. boosted its position in Lamb Weston by 49.8% during the first quarter. Gates Capital Management Inc. now owns 2,016,142 shares of the specialty retailer's stock valued at $107,460,000 after buying an additional 670,611 shares during the period. Finally, Clarkston Capital Partners LLC grew its stake in shares of Lamb Weston by 21.1% during the first 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 last quarter. Institutional investors own 89.56% of the company's stock.

Lamb Weston Price Performance

Shares of Lamb Weston stock opened at $63.39 on Tuesday. The business has a 50 day moving average of $56.15 and a 200 day moving average of $54.31. Lamb Weston has a 52 week low of $47.87 and a 52 week high of $83.98. The company has a market cap of $8.83 billion, a PE ratio of 30.33, a P/E/G ratio of 4.31 and a beta of 0.52. The company has a quick ratio of 0.77, a current ratio of 1.49 and a debt-to-equity ratio of 2.05.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings data on Tuesday, September 30th. The specialty retailer reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.21. Lamb Weston had a net margin of 4.56% and a return on equity of 28.08%. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the previous year, the firm earned $0.88 EPS. The company's quarterly revenue was up .3% compared to the same quarter last year. Lamb Weston has set its FY 2026 guidance at EPS. As a group, equities research analysts forecast that Lamb Weston will post 3.1 earnings per share for the current year.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, October 31st will be issued a $0.37 dividend. The ex-dividend date is Friday, October 31st. This represents a $1.48 annualized dividend and a yield of 2.3%. Lamb Weston's dividend payout ratio (DPR) is 70.81%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reissued a "hold (c-)" rating on shares of Lamb Weston in a research note on Saturday, September 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on Lamb Weston from $59.00 to $61.00 and gave the company a "hold" rating in a research report on Wednesday, October 1st. Sanford C. Bernstein set a $65.00 target price on shares of Lamb Weston and gave the stock a "market perform" rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. assumed coverage on shares of Lamb Weston in a report on Wednesday, August 20th. They set a "neutral" rating and a $57.00 price target for the company. Finally, Cowen reissued a "hold" rating on shares of Lamb Weston in a research report on Wednesday, October 1st. Four research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Lamb Weston currently has a consensus rating of "Hold" and an average price target of $65.70.

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.

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