Jump Financial LLC Purchases 182,804 Shares of Lamb Weston $LW

Key Points

• Jump Financial LLC significantly increased its stake in Lamb Weston by 2,603.3% in the first quarter, now holding 189,826 shares valued at $10.1 million.
• Lamb Weston reported an EPS of $0.87 for the last quarter, exceeding analyst expectations and reflecting a 4.0% year-over-year revenue growth to $1.68 billion.
• The company recently announced a quarterly dividend of $0.37 per share, which represents an annual yield of 2.6%.

Jump Financial LLC boosted its stake in shares of Lamb Weston (NYSE:LW - Free Report) by 2,603.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 189,826 shares of the specialty retailer's stock after purchasing an additional 182,804 shares during the quarter. Jump Financial LLC owned about 0.13% of Lamb Weston worth $10,118,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Romano Brothers AND Company boosted 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 last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in Lamb Weston by 2.0% in the first 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 acquiring an additional 219 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in 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 acquiring an additional 230 shares during the last quarter. Snowden Capital Advisors LLC boosted its holdings in 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 acquiring an additional 256 shares during the last quarter. Finally, Smith Thornton Advisors LLC boosted its holdings in Lamb Weston by 6.8% in the first quarter. Smith Thornton Advisors LLC now owns 4,300 shares of the specialty retailer's stock valued at $229,000 after acquiring an additional 275 shares during the last quarter. 89.56% of the stock is owned by institutional investors.

Lamb Weston Stock Down 0.7%

Shares of NYSE:LW traded down $0.39 during trading on Thursday, hitting $56.27. 1,142,857 shares of the company were exchanged, compared to its average volume of 2,312,694. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 2.33 and a beta of 0.49. Lamb Weston has a fifty-two week low of $47.87 and a fifty-two week high of $83.98. The firm has a fifty day moving average price of $53.71 and a two-hundred day moving average price of $53.63. The company has a current ratio of 1.38, a quick ratio of 0.68 and a debt-to-equity ratio of 2.12.

Lamb Weston (NYSE:LW - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.23. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.59 billion. Lamb Weston had a return on equity of 27.99% and a net margin of 5.54%.The firm's revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.78 EPS. Lamb Weston has set its FY 2026 guidance at EPS. As a group, research analysts anticipate 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, August 29th. Investors of record on Friday, August 1st will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.6%. Lamb Weston's payout ratio is presently 58.96%.

Analyst Ratings Changes

Several research firms recently issued reports on LW. Wall Street Zen upgraded Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Barclays raised their price target 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 raised their price target on Lamb Weston from $65.00 to $66.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Bank of America reduced their target price on Lamb Weston from $60.00 to $56.00 and set a "neutral" rating on the stock in a report on Wednesday, June 18th. Finally, JPMorgan Chase & Co. initiated coverage on Lamb Weston in a report on Wednesday, August 20th. They set a "neutral" rating and a $57.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Lamb Weston presently has a consensus rating of "Hold" and a consensus target price of $65.30.

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.