Seven Six Capital Management LLC Makes New Investment in Lamb Weston $LW

Seven Six Capital Management LLC acquired a new stake in Lamb Weston (NYSE:LW) during the first quarter, Holdings Channel reports. The institutional investor acquired 32,450 shares of the specialty retailer’s stock, valued at approximately $1,371,000. Lamb Weston accounts for about 1.4% of Seven Six Capital Management LLC’s portfolio, making the stock its 20th biggest position.

A number of other institutional investors have also made changes to their positions in the business. MCF Advisors LLC grew its position in 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. increased its stake in Lamb Weston by 380.7% in the 4th quarter. Hantz Financial Services Inc. now owns 721 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 571 shares during the last quarter. Danske Bank A S bought a new stake in Lamb Weston during the 3rd quarter worth about $52,000. Larson Financial Group LLC grew its holdings in shares of Lamb Weston by 47.1% in the 3rd quarter. Larson Financial Group LLC now owns 953 shares of the specialty retailer’s stock valued at $55,000 after acquiring an additional 305 shares in the last quarter. Finally, Transamerica Financial Advisors LLC increased its position in shares of Lamb Weston by 121.1% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,130 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 619 shares during the last quarter. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Trading Down 1.3%

LW stock opened at $53.90 on Thursday. Lamb Weston has a one year low of $37.62 and a one year high of $67.07. The stock has a market cap of $7.41 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 2.45 and a beta of 0.47. The company has a fifty day moving average price of $45.40 and a two-hundred day moving average price of $44.54. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.42 and a quick ratio of 0.74.

Lamb Weston (NYSE:LW) last posted its 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. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Lamb Weston had a net margin of 4.39% and a return on equity of 23.33%. Lamb Weston’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.87 EPS. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. Equities analysts anticipate that Lamb Weston will post 3.04 EPS for the current year.

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 7th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.8%. Lamb Weston’s dividend payout ratio (DPR) is currently 73.08%.

Analysts Set New Price Targets

Several brokerages recently commented on LW. Wells Fargo & Company increased their price target on Lamb Weston from $54.00 to $57.00 and gave the company an “overweight” rating in a research report on Monday. Sanford C. Bernstein increased their price objective on Lamb Weston from $42.00 to $57.00 and gave the company a “market perform” rating in a report on Tuesday. Barclays raised their target price on shares of Lamb Weston from $50.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday. Stephens increased their price target on shares of Lamb Weston from $46.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, Stifel Nicolaus lifted their price objective on shares of Lamb Weston from $45.00 to $52.00 and gave the company a “hold” rating in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $53.36.

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.