34,331 Shares in Lamb Weston $LW Purchased by Kintayl Capital LP

Kintayl Capital LP acquired a new position in shares of Lamb Weston (NYSE:LW) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 34,331 shares of the specialty retailer’s stock, valued at approximately $1,482,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Lamb Weston in the 2nd quarter worth approximately $730,276,000. Vanguard Group Inc. raised its holdings in Lamb Weston by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 16,679,203 shares of the specialty retailer’s stock valued at $698,692,000 after buying an additional 43,766 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Lamb Weston by 27.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,824,690 shares of the specialty retailer’s stock worth $411,558,000 after buying an additional 2,111,874 shares during the last quarter. State Street Corp lifted its position in Lamb Weston by 1.1% in the second quarter. State Street Corp now owns 5,801,585 shares of the specialty retailer’s stock worth $300,812,000 after buying an additional 63,865 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Lamb Weston by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 3,528,402 shares of the specialty retailer’s stock worth $147,536,000 after buying an additional 21,256 shares during the last quarter. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Barclays lifted their price target on shares of Lamb Weston from $50.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $52.00 price target on shares of Lamb Weston in a report on Monday, July 27th. Stifel Nicolaus increased their price objective on shares of Lamb Weston from $45.00 to $52.00 and gave the stock a “hold” rating in a research report on Monday, July 27th. Finally, Sanford C. Bernstein raised their price objective on shares of Lamb Weston from $42.00 to $57.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 28th. Three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $53.36.

Lamb Weston Stock Performance

LW stock opened at $55.20 on Wednesday. Lamb Weston has a twelve month low of $37.62 and a twelve month high of $67.07. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 2.44 and a beta of 0.46. The business’s fifty day simple moving average is $49.14 and its two-hundred day simple moving average is $45.75. 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 issued its earnings results 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 firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.70 billion. Lamb Weston had a net margin of 4.39% and a return on equity of 23.33%. The business’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 earnings per share. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. Analysts predict that Lamb Weston will post 3.06 earnings per share for the current year.

Lamb Weston Announces Dividend

The business also recently disclosed 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 2.8%. The ex-dividend date of this dividend is Friday, August 7th. Lamb Weston’s payout ratio is 73.08%.

Lamb Weston Company 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.