Lecap Asset Management Ltd. Purchases Shares of 15,661 Lamb Weston $LW

Key Points

• Lecap Asset Management Ltd. has purchased 15,661 shares of Lamb Weston, valued at approximately $812,000, as part of their investment strategy in the second quarter.
• Analyst firms such as Wells Fargo and Barclays have raised their price targets for Lamb Weston, with the consensus price target now at $65.56.
• Lamb Weston has reported quarterly earnings per share of $0.74, exceeding analysts' expectations, and announced a quarterly dividend of $0.37 per share, yielding 2.4%.

Lecap Asset Management Ltd. purchased a new stake in shares of Lamb Weston (NYSE:LW - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,661 shares of the specialty retailer's stock, valued at approximately $812,000.

A number of other hedge funds also recently bought and sold shares of the company. Naples Global Advisors LLC boosted its holdings in Lamb Weston by 3.3% during the second quarter. Naples Global Advisors LLC now owns 21,735 shares of the specialty retailer's stock valued at $1,127,000 after acquiring an additional 700 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. bought a new stake in Lamb Weston during the second quarter valued at about $674,000. V Square Quantitative Management LLC boosted its holdings in Lamb Weston by 7.6% during the second quarter. V Square Quantitative Management LLC now owns 5,034 shares of the specialty retailer's stock valued at $261,000 after acquiring an additional 355 shares during the period. Camelot Portfolios LLC raised its position in shares of Lamb Weston by 11.5% during the second quarter. Camelot Portfolios LLC now owns 13,600 shares of the specialty retailer's stock valued at $705,000 after buying an additional 1,400 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of Lamb Weston by 40.1% during the second quarter. Signaturefd LLC now owns 1,195 shares of the specialty retailer's stock valued at $62,000 after buying an additional 342 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Stifel Nicolaus set a $66.00 price objective on shares of Lamb Weston in a research report on Wednesday. Wells Fargo & Company upped their price objective on shares of Lamb Weston from $66.00 to $68.00 and gave the company an "overweight" rating in a research report on Wednesday. Sanford C. Bernstein set a $65.00 price objective on shares of Lamb Weston and gave the company a "market perform" rating in a research report on Wednesday. Barclays upped their price objective on shares of Lamb Weston from $61.00 to $68.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Lamb Weston in a research report on Wednesday, August 20th. They set a "neutral" rating and a $57.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $65.56.

Lamb Weston Stock Up 0.3%

Shares of LW opened at $62.21 on Friday. The stock has a market cap of $8.67 billion, a price-to-earnings ratio of 29.76, a P/E/G ratio of 6.51 and a beta of 0.52. The company has a quick ratio of 0.68, a current ratio of 1.49 and a debt-to-equity ratio of 2.05. Lamb Weston has a 12 month low of $47.87 and a 12 month high of $83.98. The company has a 50-day moving average price of $56.03 and a two-hundred day moving average price of $54.15.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings results on Tuesday, September 30th. The specialty retailer reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.21. The firm had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.62 billion. Lamb Weston had a net margin of 4.56% and a return on equity of 28.08%. The company's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 earnings per share. Lamb Weston has set its FY 2026 guidance at EPS. Equities analysts predict that Lamb Weston will post 3.1 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, October 31st will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, October 31st. This represents a $1.48 dividend on an annualized basis and a yield of 2.4%. Lamb Weston's dividend payout ratio (DPR) is currently 58.96%.

Lamb Weston 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.