Lamb Weston $LW Shares Sold by Interval Partners LP

Key Points

• Interval Partners LP cut its Lamb Weston stake by 65.3% in Q3, selling 413,448 shares and leaving it with 219,819 shares worth about $12.77 million (≈0.16% of the company).
• Insider Jan Eli B. Craps bought 50,000 shares on Feb. 6 at $48.65 (≈$2.43 million), increasing his holding to 300,000 shares—a 20% rise; insiders now own about 0.29% of the stock.
• Several analysts recently trimmed price targets and the consensus rating is Hold with a $53 price target, while Lamb Weston raised its quarterly dividend to $0.38 (a 3.8% yield).

Interval Partners LP decreased its holdings in shares of Lamb Weston (NYSE:LW - Free Report) by 65.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 219,819 shares of the specialty retailer's stock after selling 413,448 shares during the period. Interval Partners LP owned approximately 0.16% of Lamb Weston worth $12,767,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AlphaQuest LLC boosted its holdings in Lamb Weston by 115.5% during the third quarter. AlphaQuest LLC now owns 446 shares of the specialty retailer's stock worth $26,000 after buying an additional 239 shares in the last quarter. Quent Capital LLC acquired a new position in Lamb Weston in the third quarter worth approximately $29,000. Motco bought a new position in shares of Lamb Weston in the third quarter valued at $30,000. Blue Trust Inc. increased its holdings in shares of Lamb Weston by 333.3% in the third quarter. Blue Trust Inc. now owns 637 shares of the specialty retailer's stock valued at $37,000 after buying an additional 490 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Lamb Weston during the 2nd quarter valued at $47,000. 89.56% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Lamb Weston news, insider Jan Eli B. Craps bought 50,000 shares of the stock in a transaction on Friday, February 6th. The shares were bought at an average price of $48.65 per share, with a total value of $2,432,500.00. Following the purchase, the insider directly owned 300,000 shares in the company, valued at $14,595,000. The trade was a 20.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.29% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on LW shares. BNP Paribas Exane set a $48.00 price objective on Lamb Weston in a research note on Monday, December 22nd. Wells Fargo & Company reduced their target price on Lamb Weston from $68.00 to $54.00 and set an "overweight" rating for the company in a report on Tuesday, December 23rd. Barclays decreased their price target on Lamb Weston from $68.00 to $55.00 and set an "overweight" rating for the company in a research report on Tuesday, December 23rd. TD Cowen dropped their price target on Lamb Weston from $60.00 to $55.00 and set a "hold" rating on the stock in a research note on Monday, December 22nd. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Lamb Weston from $61.00 to $49.00 and set a "hold" rating on the stock in a report on Monday, December 22nd. Three investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $53.00.

Lamb Weston Price Performance

Shares of NYSE:LW opened at $40.49 on Friday. The company's fifty day moving average is $45.61 and its two-hundred day moving average is $53.45. The company has a market cap of $5.62 billion, a P/E ratio of 14.56, a price-to-earnings-growth ratio of 6.04 and a beta of 0.43. Lamb Weston has a 12-month low of $39.79 and a 12-month high of $67.07. The company has a quick ratio of 0.64, a current ratio of 1.43 and a debt-to-equity ratio of 2.08.

Lamb Weston (NYSE:LW - Get Free Report) last issued its earnings results on Friday, December 19th. The specialty retailer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. The business had revenue of $1.62 billion during the quarter, compared to analysts' expectations of $1.59 billion. Lamb Weston had a return on equity of 27.71% and a net margin of 6.06%.Lamb Weston's revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 earnings per share. Equities analysts expect that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, January 30th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Friday, January 30th. This is a boost from Lamb Weston's previous quarterly dividend of $0.37. Lamb Weston's dividend payout ratio is 54.68%.

About Lamb Weston

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.

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