Lamb Weston $LW Holdings Lifted by State Street Corp

Key Points

• State Street increased its Lamb Weston stake by 6.4% in the second quarter, adding 294,120 shares to own 4.87 million shares worth approximately $210.3 million. Institutional investors collectively own 89.56% of the company.
• Analysts raised their price targets, but the consensus remains “Hold”, with a target price of $53.36; three analysts rate the stock a Buy and eleven rate it a Hold.
• Lamb Weston beat quarterly expectations with adjusted earnings of $0.87 per share and revenue of $1.77 billion, while paying a quarterly dividend of $0.38 per share, equivalent to a 3.4% annual yield.

State Street Corp increased its holdings in Lamb Weston (NYSE:LW - Free Report) by 6.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,869,644 shares of the specialty retailer's stock after acquiring an additional 294,120 shares during the period. State Street Corp owned about 3.54% of Lamb Weston worth $210,271,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new stake in shares of Lamb Weston in the second quarter worth approximately $25,000. MCF Advisors LLC grew its position in Lamb Weston by 44.2% during the fourth quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 199 shares in the last quarter. Edmond DE Rothschild Holding S.A. purchased a new position in Lamb Weston during the second quarter valued at approximately $29,000. Hantz Financial Services Inc. increased its stake in Lamb Weston by 380.7% in the 4th quarter. Hantz Financial Services Inc. now owns 721 shares of the specialty retailer's stock valued at $30,000 after buying an additional 571 shares during the period. Finally, Bell Investment Advisors Inc acquired a new position in Lamb Weston in the 2nd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 89.56% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on LW shares. Stephens lifted their target price on shares of Lamb Weston from $46.00 to $55.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 28th. Stifel Nicolaus lifted their price target on Lamb Weston from $45.00 to $52.00 and gave the company a "hold" rating in a report on Monday, July 27th. Wall Street Zen raised Lamb Weston from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Sanford C. Bernstein increased their price objective on Lamb Weston from $42.00 to $57.00 and gave the stock a "market perform" rating in a report on Tuesday, July 28th. Finally, TD Cowen raised their price objective on shares of Lamb Weston from $40.00 to $52.00 and gave the company a "hold" rating in a research report on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, Lamb Weston currently has a consensus rating of "Hold" and a consensus price target of $53.36.

Lamb Weston Trading Down 2.8%

Shares of Lamb Weston stock opened at $45.07 on Thursday. The company's fifty day simple moving average is $50.96 and its 200-day simple moving average is $45.93. Lamb Weston has a 1 year low of $37.62 and a 1 year high of $67.07. The company has a current ratio of 1.42, a quick ratio of 0.74 and a debt-to-equity ratio of 1.97. The company has a market cap of $6.20 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 2.07 and a beta of 0.47.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings data on Friday, July 24th. The specialty retailer reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.24. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.70 billion. Lamb Weston had a net margin of 4.39% and a return on equity of 23.33%. The firm's revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.87 earnings per share. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. As a group, sell-side analysts expect that Lamb Weston will post 3.06 EPS for the current year.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 7th were given a dividend of $0.38 per share. The ex-dividend date was Friday, August 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.4%. Lamb Weston's payout ratio is currently 73.08%.

Lamb Weston Company Profile

Lamb Weston Holdings, Inc NYSE: LW is a food company that produces and distributes frozen potato products. Its portfolio includes frozen french fries, potato wedges, hash browns, tater tots, mashed potatoes, sweet potato products and other specialty potato items.

The company serves restaurants, foodservice distributors, retailers and food manufacturers. Its products are sold under the Lamb Weston, Grown in Idaho and Alexia brands, as well as through private-label and customer-specific offerings.

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