4,331 Shares in Lamb Weston (NYSE:LW) Purchased by Kestra Private Wealth Services LLC

Key Points

• Kestra Private Wealth Services LLC has acquired a new stake in Lamb Weston, purchasing 4,331 shares valued at approximately $231,000 in the first quarter.
• Recently, multiple institutional investors increased their holdings in Lamb Weston, indicating strong interest from the investment community, with 89.56% of the stock owned by hedge funds and other institutions.
• Lamb Weston reported a quarterly earnings per share of $0.87, surpassing the consensus estimate of $0.64, with revenues reaching $1.68 billion, above expectations of $1.59 billion.

Kestra Private Wealth Services LLC acquired a new position in shares of Lamb Weston (NYSE:LW - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,331 shares of the specialty retailer's stock, valued at approximately $231,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bernzott Capital Advisors grew its holdings in Lamb Weston by 2.4% during the first quarter. Bernzott Capital Advisors now owns 104,035 shares of the specialty retailer's stock valued at $5,545,000 after purchasing an additional 2,430 shares during the period. Easterly Investment Partners LLC raised its position in shares of Lamb Weston by 189.0% in the first quarter. Easterly Investment Partners LLC now owns 114,494 shares of the specialty retailer's stock worth $6,103,000 after buying an additional 74,875 shares in the last quarter. Kintayl Capital LP raised its position in shares of Lamb Weston by 147.6% in the first quarter. Kintayl Capital LP now owns 72,396 shares of the specialty retailer's stock worth $3,859,000 after buying an additional 43,160 shares in the last quarter. Grandfield & Dodd LLC raised its position in shares of Lamb Weston by 107.8% in the first quarter. Grandfield & Dodd LLC now owns 72,762 shares of the specialty retailer's stock worth $3,878,000 after buying an additional 37,740 shares in the last quarter. Finally, Sigma Planning Corp raised its position in shares of Lamb Weston by 7.4% in the first quarter. Sigma Planning Corp now owns 5,605 shares of the specialty retailer's stock worth $299,000 after buying an additional 384 shares in the last quarter. 89.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus set a $56.00 price objective on Lamb Weston and gave the stock a "hold" rating in a research report on Thursday, April 24th. Barclays increased their price objective on Lamb Weston from $61.00 to $68.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Wall Street Zen upgraded Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Wells Fargo & Company raised their price target on Lamb Weston from $65.00 to $66.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Finally, Jefferies Financial Group lowered their price target on Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $67.40.

Lamb Weston Trading Down 0.9%

Shares of LW traded down $0.49 during trading hours on Friday, hitting $56.21. The company had a trading volume of 497,757 shares, compared to its average volume of 2,423,003. The firm has a market cap of $7.83 billion, a P/E ratio of 22.45, a P/E/G ratio of 2.17 and a beta of 0.46. The stock's 50 day moving average price is $53.65 and its 200 day moving average price is $54.44. The company has a quick ratio of 0.68, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. Lamb Weston has a 52-week low of $47.87 and a 52-week high of $83.98.

Lamb Weston (NYSE:LW - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.87 EPS for the quarter, topping the consensus estimate of $0.64 by $0.23. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.59 billion. Lamb Weston had a return on equity of 27.99% and a net margin of 5.54%. The company's quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 earnings per share. On average, research analysts predict that Lamb Weston will post 3.1 EPS for the current year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 1st will be issued a $0.37 dividend. The ex-dividend date is Friday, August 1st. This represents a $1.48 annualized dividend and a dividend yield of 2.6%. Lamb Weston's payout ratio is currently 58.96%.

Lamb Weston Company 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.