Maridea Wealth Management LLC Buys Shares of 5,426 Lamb Weston $LW

Key Points

• Maridea Wealth Management LLC has acquired 5,426 shares of Lamb Weston, valued at approximately $281,000, in the second quarter.
• Wells Fargo and Barclays have both increased their price targets for Lamb Weston to $66.00 and $68.00, respectively, reflecting a positive outlook on the company's stock.
• Lamb Weston has announced a quarterly dividend of $0.37 per share, set to be paid on November 28th, with an annualized yield of 2.8%.

Maridea Wealth Management LLC acquired a new position in shares of Lamb Weston (NYSE:LW - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 5,426 shares of the specialty retailer's stock, valued at approximately $281,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wayfinding Financial LLC acquired a new position in shares of Lamb Weston during the first quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Lamb Weston during the first quarter worth approximately $28,000. Whipplewood Advisors LLC boosted its position in shares of Lamb Weston by 3,466.7% during the first quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer's stock worth $29,000 after buying an additional 520 shares during the period. CX Institutional acquired a new position in shares of Lamb Weston during the first quarter worth approximately $48,000. Finally, Acuitas Investments LLC boosted its position in shares of Lamb Weston by 239.3% during the first quarter. Acuitas Investments LLC now owns 950 shares of the specialty retailer's stock worth $51,000 after buying an additional 670 shares during the period. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on LW. 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 note on Thursday, July 24th. Barclays increased their price target on Lamb Weston from $61.00 to $68.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Bank of America decreased 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. began coverage on Lamb Weston in a research note on Wednesday, August 20th. They set a "neutral" rating and a $57.00 price target for the company. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $65.33.

Lamb Weston Price Performance

Shares of NYSE:LW opened at $52.81 on Friday. Lamb Weston has a one year low of $47.87 and a one year high of $83.98. The stock has a fifty day moving average of $55.40 and a 200-day moving average of $53.89. The company has a market capitalization of $7.36 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 2.19 and a beta of 0.49. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.68 and a current ratio of 1.38.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.87 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 the consensus estimate of $1.59 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. The company's quarterly revenue was up 4.0% compared to the same quarter last year. Lamb Weston has set its FY 2026 guidance at EPS. As a group, equities analysts anticipate that Lamb Weston will post 3.1 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, October 31st will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, October 31st. Lamb Weston's dividend payout ratio is 58.96%.

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.

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