Logan Capital Management Inc. Sells 26,630 Shares of Lamb Weston $LW

Key Points

• Logan Capital Management Inc. reduced its stake in Lamb Weston by 56.2% and currently holds 20,749 shares worth approximately $1.1 million.
• Lamb Weston reported a quarterly earnings per share (EPS) of $0.87, exceeding analyst expectations, with revenues of $1.68 billion for the period.
• The company recently declared a quarterly dividend of $0.37 per share, providing a yield of 2.6% as part of its ongoing efforts to return value to shareholders.

Logan Capital Management Inc. reduced its position in shares of Lamb Weston (NYSE:LW - Free Report) by 56.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,749 shares of the specialty retailer's stock after selling 26,630 shares during the period. Logan Capital Management Inc.'s holdings in Lamb Weston were worth $1,106,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Romano Brothers AND Company boosted its position in shares of Lamb Weston by 1.4% during the first quarter. Romano Brothers AND Company now owns 15,260 shares of the specialty retailer's stock worth $813,000 after buying an additional 218 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in Lamb Weston by 2.0% during 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 purchasing an additional 219 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in Lamb Weston by 4.0% during 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 last quarter. Snowden Capital Advisors LLC boosted its position in Lamb Weston by 8.2% during 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 last quarter. Finally, Smith Thornton Advisors LLC boosted its position 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 valued at $229,000 after purchasing an additional 275 shares during the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on LW shares. Wells Fargo & Company increased their price target on Lamb Weston from $65.00 to $66.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. started coverage on Lamb Weston in a research report on Wednesday, August 20th. They set a "neutral" rating and a $57.00 price target for the company. Barclays increased their price target on Lamb Weston from $61.00 to $68.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Finally, Bank of America reduced their price target on Lamb Weston from $60.00 to $56.00 and set a "neutral" rating for the company in a research report on Wednesday, June 18th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $65.30.

Lamb Weston Stock Performance

Shares of LW traded down $0.61 during mid-day trading on Friday, reaching $56.51. The company's stock had a trading volume of 1,009,521 shares, compared to its average volume of 1,191,601. Lamb Weston has a 1-year low of $47.87 and a 1-year high of $83.98. The stock has a market cap of $7.87 billion, a P/E ratio of 22.51, a PEG ratio of 2.35 and a beta of 0.49. The business has a 50-day simple moving average of $54.61 and a two-hundred day simple moving average of $53.65. 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 released its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.23. Lamb Weston had a return on equity of 27.99% and a net margin of 5.54%.The company had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.59 billion. During the same period last year, the firm posted $0.78 earnings per share. The business's 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 anticipate that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, August 1st. Lamb Weston's dividend payout ratio (DPR) 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.