Focus Partners Advisor Solutions LLC Invests $683,000 in Lamb Weston $LW

Focus Partners Advisor Solutions LLC purchased a new stake in Lamb Weston (NYSE:LW) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,816 shares of the specialty retailer’s stock, valued at approximately $683,000.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in Lamb Weston in the 4th quarter worth about $125,662,000. M&T Bank Corp boosted its stake in shares of Lamb Weston by 45,177.0% during the fourth quarter. M&T Bank Corp now owns 2,835,245 shares of the specialty retailer’s stock valued at $118,768,000 after purchasing an additional 2,828,983 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Lamb Weston by 27.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,824,690 shares of the specialty retailer’s stock valued at $411,558,000 after purchasing an additional 2,111,874 shares in the last quarter. Ion Asset Management Ltd. acquired a new stake in shares of Lamb Weston during the second quarter valued at about $84,379,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Lamb Weston by 350.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,451,954 shares of the specialty retailer’s stock worth $61,360,000 after purchasing an additional 1,129,918 shares during the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Stock Performance

NYSE:LW opened at $52.42 on Tuesday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.74 and a current ratio of 1.42. Lamb Weston has a fifty-two week low of $37.62 and a fifty-two week high of $67.07. The company has a 50 day simple moving average of $48.06 and a two-hundred day simple moving average of $45.42. The company has a market capitalization of $7.21 billion, a PE ratio of 25.20, a P/E/G ratio of 2.37 and a beta of 0.46.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Friday, July 24th. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.24. Lamb Weston had a net margin of 4.39% and a return on equity of 23.33%. 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 company earned $0.87 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. Research analysts anticipate that Lamb Weston will post 3.06 earnings per share for the current year.

Lamb Weston Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on LW shares. JPMorgan Chase & Co. upped their price objective on Lamb Weston from $43.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Wall Street Zen upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Stifel Nicolaus boosted their target price on shares of Lamb Weston from $45.00 to $52.00 and gave the stock a “hold” rating in a report on Monday, July 27th. Weiss Ratings upgraded shares of Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Finally, Sanford C. Bernstein raised their price target on shares of Lamb Weston from $42.00 to $57.00 and gave the company a “market perform” rating in a research note on Tuesday, July 28th. Three research 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 currently has an average rating of “Hold” and a consensus price target of $53.36.

About Lamb Weston

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.