Ieq Capital LLC Purchases Shares of 276,325 Lamb Weston $LW

Key Points

• Ieq Capital LLC acquired 276,325 shares of Lamb Weston during the second quarter, valued at approximately $11.9 million and representing about 0.20% of the company. Institutional investors collectively own 89.56% of Lamb Weston.
• Lamb Weston reported quarterly EPS of $0.87, beating estimates of $0.63, while revenue rose 5.6% year over year to $1.77 billion. The company issued fiscal 2027 EPS guidance of $2.95–$3.25.
• The company declared a quarterly dividend of $0.38 per share, equivalent to $1.52 annually and a 2.8% yield. Analysts maintain a consensus “Hold” rating with an average price target of $53.36.

Ieq Capital LLC purchased a new position in Lamb Weston (NYSE:LW - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 276,325 shares of the specialty retailer's stock, valued at approximately $11,932,000. Ieq Capital LLC owned about 0.20% of Lamb Weston as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of LW. MCF Advisors LLC boosted its holdings in shares of Lamb Weston by 44.2% during the fourth quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 199 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new position in Lamb Weston during the 2nd quarter valued at about $29,000. 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. Bell Investment Advisors Inc bought a new position in Lamb Weston during the 2nd quarter valued at approximately $36,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Lamb Weston in the 2nd quarter worth approximately $44,000. Hedge funds and other institutional investors own 89.56% of the company's stock.

Lamb Weston Stock Performance

Lamb Weston stock opened at $53.58 on Friday. Lamb Weston has a fifty-two week low of $37.62 and a fifty-two week high of $67.07. The stock's 50 day simple moving average is $48.75 and its two-hundred day simple moving average is $45.63. 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 stock has a market cap of $7.37 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 2.39 and a beta of 0.46.

Lamb Weston (NYSE:LW - Get Free Report) last announced its earnings results on Friday, July 24th. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.24. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.70 billion. Lamb Weston had a return on equity of 23.33% and a net margin of 4.39%.The business's revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.87 EPS. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. As a group, analysts expect 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 issued a $0.38 dividend. The ex-dividend date is Friday, August 7th. This represents a $1.52 dividend on an annualized basis and a yield of 2.8%. Lamb Weston's dividend payout ratio is 73.08%.

Analysts Set New Price Targets

LW has been the topic of several research analyst reports. Barclays boosted their target price on Lamb Weston from $50.00 to $56.00 and gave the company an "overweight" rating in a research note on Monday, July 27th. Weiss Ratings raised Lamb Weston from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, July 28th. Wells Fargo & Company lifted their price target on shares of Lamb Weston from $54.00 to $57.00 and gave the company an "overweight" rating in a report on Monday, July 27th. Wall Street Zen raised shares of Lamb Weston from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $52.00 price objective on shares of Lamb Weston in a research report on Monday, July 27th. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $53.36.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source