Lamb Weston $LW Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC grew its holdings in Lamb Weston (NYSE:LW) by 20.9% during the first quarter, HoldingsChannel reports. The firm owned 435,618 shares of the specialty retailer’s stock after acquiring an additional 75,392 shares during the period. Janus Henderson Group PLC’s holdings in Lamb Weston were worth $18,409,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. MCF Advisors LLC grew its position in shares of Lamb Weston by 44.2% in the fourth quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 199 shares in the last quarter. Hantz Financial Services Inc. lifted its position in Lamb Weston by 380.7% during the fourth quarter. Hantz Financial Services Inc. now owns 721 shares of the specialty retailer’s stock worth $30,000 after buying an additional 571 shares in the last quarter. Transamerica Financial Advisors LLC boosted its stake in Lamb Weston by 121.1% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,130 shares of the specialty retailer’s stock worth $47,000 after buying an additional 619 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in Lamb Weston during the fourth quarter worth $48,000. Finally, SJS Investment Consulting Inc. grew its holdings in Lamb Weston by 4,512.0% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,153 shares of the specialty retailer’s stock valued at $49,000 after buying an additional 1,128 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LW. Wells Fargo & Company raised their target price on Lamb Weston from $54.00 to $57.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. upped their price objective on shares of Lamb Weston from $43.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Stephens raised their price objective on shares of Lamb Weston from $46.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 28th. Wall Street Zen raised shares of Lamb Weston from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Sanford C. Bernstein boosted their target price on shares of Lamb Weston from $42.00 to $57.00 and gave the company a “market perform” rating in a report on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $53.36.

Lamb Weston Trading Up 1.0%

LW opened at $53.06 on Tuesday. Lamb Weston has a 52 week low of $37.62 and a 52 week high of $67.07. The business has a fifty day simple moving average of $45.98 and a 200-day simple moving average of $44.79. The firm has a market cap of $7.29 billion, a P/E ratio of 25.51, a P/E/G ratio of 2.35 and a beta of 0.46. The company has a quick ratio of 0.74, a current ratio of 1.42 and a debt-to-equity ratio of 1.97.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Friday, July 24th. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.24. Lamb Weston had a return on equity of 23.33% and a net margin of 4.39%.The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the business earned $0.87 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. On average, equities analysts expect that Lamb Weston will post 3.05 earnings per share for the current year.

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 7th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, August 7th. Lamb Weston’s payout ratio is currently 73.08%.

Lamb Weston Profile

Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company’s portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.

Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world’s largest producers of frozen potato products.