VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $997,000 Investment in Lamb Weston $LW

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Lamb Weston (NYSE:LW - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 23,100 shares of the specialty retailer's stock, valued at approximately $997,000.

Several other hedge funds have also recently modified their holdings of LW. Royal Bank of Canada increased its position in shares of Lamb Weston by 29.4% during the first quarter. Royal Bank of Canada now owns 185,038 shares of the specialty retailer's stock valued at $9,862,000 after acquiring an additional 42,039 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Lamb Weston by 3.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,355 shares of the specialty retailer's stock valued at $872,000 after purchasing an additional 549 shares during the period. EverSource Wealth Advisors LLC grew its stake in Lamb Weston by 19.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,490 shares of the specialty retailer's stock valued at $181,000 after purchasing an additional 567 shares during the period. Amundi increased its position in shares of Lamb Weston by 405.9% during the 2nd quarter. Amundi now owns 256,794 shares of the specialty retailer's stock valued at $13,548,000 after purchasing an additional 206,034 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its position in shares of Lamb Weston by 70.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 18,116 shares of the specialty retailer's stock valued at $939,000 after purchasing an additional 7,503 shares during the last quarter. Institutional investors own 89.56% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LW. Weiss Ratings upgraded Lamb Weston from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, July 28th. TD Cowen raised their price objective on shares of Lamb Weston from $40.00 to $52.00 and gave the stock a "hold" rating in a report on Tuesday, July 28th. Wall Street Zen raised shares of Lamb Weston from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Wells Fargo & Company lifted their price objective on shares of Lamb Weston from $54.00 to $57.00 and gave the stock an "overweight" rating in a research report on Monday, July 27th. Finally, Stifel Nicolaus boosted their target price on shares of Lamb Weston from $45.00 to $52.00 and gave the company a "hold" rating in a research note on Monday, July 27th. Three investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Lamb Weston presently has an average rating of "Hold" and a consensus target price of $53.36.

Lamb Weston Stock Down 0.3%

LW stock opened at $47.70 on Monday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.74 and a current ratio of 1.42. The company has a market capitalization of $6.56 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 2.13 and a beta of 0.47. Lamb Weston has a fifty-two week low of $37.62 and a fifty-two week high of $67.07. The stock has a fifty day moving average of $50.86 and a 200-day moving average of $45.94.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings data on Friday, July 24th. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.24. The business had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.70 billion. Lamb Weston had a return on equity of 23.33% and a net margin of 4.39%.The firm's quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.87 EPS. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. As a group, equities research analysts predict that Lamb Weston will post 3.06 earnings per share for the current year.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 7th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.52 annualized dividend and a dividend yield of 3.2%. Lamb Weston's payout ratio is 73.08%.

About Lamb Weston

Lamb Weston Holdings, Inc NYSE: LW is a food company that produces and distributes frozen potato products. Its portfolio includes frozen french fries, potato wedges, hash browns, tater tots, mashed potatoes, sweet potato products and other specialty potato items.

The company serves restaurants, foodservice distributors, retailers and food manufacturers. Its products are sold under the Lamb Weston, Grown in Idaho and Alexia brands, as well as through private-label and customer-specific offerings.

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