Lamb Weston $LW Shares Acquired by Southpoint Capital Advisors LP

Key Points

• Southpoint Capital Advisors LP increased its stake in Lamb Weston by 5.1%, acquiring an additional 97,757 shares to own a total of 2,000,000 shares, representing 2.5% of its portfolio.
• Analysts have upwardly revised their target prices for Lamb Weston, with Barclays setting a new target at $68.00 and Wells Fargo at $66.00, reflecting a positive outlook for the company.
• Lamb Weston reported an earnings per share (EPS) of $0.87 for the last quarter, exceeding estimates, and announced a quarterly dividend of $0.37, signaling a solid financial position.

Southpoint Capital Advisors LP lifted its holdings in Lamb Weston (NYSE:LW - Free Report) by 5.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,000,000 shares of the specialty retailer's stock after buying an additional 97,757 shares during the quarter. Lamb Weston accounts for 2.5% of Southpoint Capital Advisors LP's portfolio, making the stock its 20th biggest holding. Southpoint Capital Advisors LP owned 1.42% of Lamb Weston worth $106,600,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LW. Romano Brothers AND Company lifted its holdings in Lamb Weston by 1.4% in the first quarter. Romano Brothers AND Company now owns 15,260 shares of the specialty retailer's stock valued at $813,000 after acquiring an additional 218 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Lamb Weston by 2.0% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 10,971 shares of the specialty retailer's stock valued at $585,000 after purchasing an additional 219 shares in the last quarter. Concurrent Investment Advisors LLC lifted its stake in shares of Lamb Weston by 4.0% in the first quarter. Concurrent Investment Advisors LLC now owns 5,984 shares of the specialty retailer's stock valued at $319,000 after purchasing an additional 230 shares during the period. Snowden Capital Advisors LLC lifted its stake in shares of Lamb Weston by 8.2% in the fourth quarter. Snowden Capital Advisors LLC now owns 3,393 shares of the specialty retailer's stock valued at $227,000 after purchasing an additional 256 shares during the period. Finally, Smith Thornton Advisors LLC boosted its holdings in Lamb Weston by 6.8% during the first quarter. Smith Thornton Advisors LLC now owns 4,300 shares of the specialty retailer's stock worth $229,000 after buying an additional 275 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company's stock.

Wall Street Analysts Forecast Growth

LW has been the subject of a number of research analyst reports. Barclays increased their target price on shares of Lamb Weston from $61.00 to $68.00 and gave the company an "overweight" rating in a report on Friday, July 25th. JPMorgan Chase & Co. assumed coverage on Lamb Weston in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $57.00 price objective for the company. Wells Fargo & Company lifted their price objective on Lamb Weston from $65.00 to $66.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Bank of America decreased their target price on 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, Wall Street Zen upgraded Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $65.30.

Lamb Weston Trading Up 2.3%

Shares of Lamb Weston stock opened at $57.54 on Tuesday. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 0.68. Lamb Weston has a 1 year low of $47.87 and a 1 year high of $83.98. The company has a market capitalization of $8.02 billion, a P/E ratio of 22.92, a P/E/G ratio of 2.37 and a beta of 0.49. The business has a 50 day moving average price of $53.92 and a 200 day moving average price of $53.56.

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

Lamb Weston Dividend Announcement

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

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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