Grandfield & Dodd LLC lowered its stake in shares of Lamb Weston (NYSE:LW – Free Report) by 3.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 283,416 shares of the specialty retailer’s stock after selling 11,542 shares during the quarter. Grandfield & Dodd LLC’s holdings in Lamb Weston were worth $11,816,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in LW. Summit Global Investments purchased a new position in Lamb Weston during the third quarter valued at approximately $271,000. Sterling Capital Management LLC boosted its position in Lamb Weston by 80.2% during the third quarter. Sterling Capital Management LLC now owns 9,478 shares of the specialty retailer’s stock worth $395,000 after acquiring an additional 4,217 shares during the last quarter. Root Financial Partners LLC acquired a new position in Lamb Weston during the third quarter worth $66,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Lamb Weston in the 3rd quarter valued at approximately $242,000. Finally, Nisa Investment Advisors LLC raised its holdings in Lamb Weston by 12.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 55,895 shares of the specialty retailer’s stock valued at $2,330,000 after buying an additional 6,401 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have recently issued reports on LW. Stifel Nicolaus increased their price target 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. TD Cowen boosted their price objective on shares of Lamb Weston from $40.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, July 28th. Stephens lifted their price target on shares of Lamb Weston from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 8th. Barclays boosted their price target on shares of Lamb Weston from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, October 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $53.00 price objective on shares of Lamb Weston in a research note on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Lamb Weston has a consensus rating of “Hold” and a consensus price target of $53.82.
Check Out Our Latest Stock Analysis on LW
Lamb Weston Stock Performance
Shares of LW opened at $54.05 on Friday. The company’s 50 day simple moving average is $49.90 and its 200-day simple moving average is $46.59. The firm has a market cap of $7.45 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 1.96 and a beta of 0.49. Lamb Weston has a 12-month low of $37.62 and a 12-month high of $63.07. The company has a current ratio of 1.45, a quick ratio of 0.77 and a debt-to-equity ratio of 1.98.
Lamb Weston (NYSE:LW – Get Free Report) last released its quarterly earnings results on Tuesday, October 6th. The specialty retailer reported $0.75 EPS for the quarter, beating the consensus estimate of $0.59 by $0.16. Lamb Weston had a net margin of 3.85% and a return on equity of 23.27%. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. Lamb Weston’s revenue for the quarter was up .7% on a year-over-year basis. Lamb Weston has set its FY 2027 guidance at 3.050-3.350 EPS. As a group, equities analysts predict that Lamb Weston will post 3.24 EPS for the current year.
Lamb Weston Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 6th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, November 6th. This represents a $1.52 annualized dividend and a dividend yield of 2.8%. Lamb Weston’s dividend payout ratio is 83.06%.
Lamb Weston Company Profile
Lamb Weston Holdings, Inc (NYSE:LW) is a global producer and distributor of frozen potato products. The company supplies French fries, potato wedges, hash browns, tater tots, mashed potatoes, sweet potato products and other potato-based offerings to foodservice operators, restaurants, retailers and institutional customers.
Lamb Weston serves customers in North America and international markets through a portfolio of branded, licensed and customer-specific products. Its offerings are used by restaurants, schools, hospitals, hotels and other foodservice establishments, as well as sold through retail and grocery channels.
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