Lamb Weston $LW Shares Sold by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC reduced its stake in Lamb Weston by 19.7%, owning 35,019 shares valued at approximately $1.8 million after selling 8,611 shares in Q2.
• Analysts have set new price targets for Lamb Weston, with Barclays increasing its target from $61 to $68, while Bank of America lowered its target from $60 to $56.
• Lamb Weston announced a quarterly dividend of $0.37 per share, to be paid on November 28th, representing an annualized yield of 2.7%.

Wealth Enhancement Advisory Services LLC cut its stake in shares of Lamb Weston (NYSE:LW - Free Report) by 19.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,019 shares of the specialty retailer's stock after selling 8,611 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Lamb Weston were worth $1,837,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LW. Vanguard Group Inc. increased its holdings in shares of Lamb Weston by 2.6% in the first quarter. Vanguard Group Inc. now owns 17,072,932 shares of the specialty retailer's stock valued at $909,987,000 after purchasing an additional 426,045 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Lamb Weston by 49.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,500,503 shares of the specialty retailer's stock valued at $239,877,000 after acquiring an additional 1,483,559 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Lamb Weston by 25.7% during the first quarter. Invesco Ltd. now owns 4,055,902 shares of the specialty retailer's stock worth $216,180,000 after purchasing an additional 829,207 shares during the last quarter. Clarkston Capital Partners LLC lifted its position in Lamb Weston by 21.1% during the first quarter. Clarkston Capital Partners LLC now owns 3,721,559 shares of the specialty retailer's stock valued at $198,359,000 after purchasing an additional 648,855 shares during the period. Finally, Gates Capital Management Inc. boosted its holdings in Lamb Weston by 49.8% in the first quarter. Gates Capital Management Inc. now owns 2,016,142 shares of the specialty retailer's stock valued at $107,460,000 after purchasing an additional 670,611 shares during the last quarter. Hedge funds and other institutional investors own 89.56% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LW. Barclays boosted their price objective on Lamb Weston from $61.00 to $68.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Wells Fargo & Company increased their target price on shares of Lamb Weston from $65.00 to $66.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Bank of America cut their price target on Lamb Weston from $60.00 to $56.00 and set a "neutral" rating for the company in a research note on Wednesday, June 18th. Finally, JPMorgan Chase & Co. assumed coverage on Lamb Weston in a report on Wednesday, August 20th. They issued a "neutral" rating and a $57.00 price objective on the stock. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $65.33.

Lamb Weston Stock Performance

Shares of NYSE:LW opened at $55.27 on Monday. 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 firm has a market capitalization of $7.70 billion, a PE ratio of 22.02, a P/E/G ratio of 2.25 and a beta of 0.49. The business's 50 day moving average price is $55.52 and its 200-day moving average price is $53.97.

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

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, October 31st will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, October 31st. Lamb Weston's dividend payout ratio is presently 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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